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Mortgage Market Update
My Mortgage Company
Seth Feinman
Thursday, August 27, 2026
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Do you know how much equity you have? |
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Hi there. This week I want to talk about something a lot of homeowners overlook—and it could matter more than you realize.
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National Mortgage Rates · August 20, 2026
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Source: Freddie Mac PMMS & Optimal Blue via FRED
Rates shown are national averages and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.
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Equity Building
You might have more equity than you think
Every mortgage payment you make builds equity—that's the portion of your home's value you actually own. As you pay down principal and your home appreciates, that equity grows. Many homeowners don't realize how much they've accumulated, especially if they've been in their home for several years. That equity can be valuable down the road, whether you're thinking about refinancing, taking out a home equity line, or simply understanding your net worth. If you're curious about where you stand, I'd be happy to run the numbers with you and talk through what your equity means for your financial options. Let's take a look at your home's current value and what you've built so far.
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Tip of the Week
Your mortgage interest may be tax-deductible if you itemize. Check with your tax professional to see if it benefits you.
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Tips for Homeowners
Understanding Mortgage Points
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1.
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One mortgage point equals 1% of your loan amount. Paying points ("buying down the rate") reduces your interest rate — typically 0.25% per point, though this varies by lender and market.
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2.
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Calculate your break-even: divide the cost of the points by your monthly savings. If it takes 4 years to break even and you plan to stay 10 years, buying points makes sense.
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3.
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Points paid on a home purchase are generally tax-deductible in the year paid (if you itemize). Points on a refinance must be deducted over the life of the loan.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Seth Feinman
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