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Mortgage Market Update
My Mortgage Company
Adan Saldana
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 that builds quietly in the background of homeownership but can become a powerful asset when you need it most.
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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
Your home is working for you every month
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you owe on it. Most people don't realize how quickly this grows, especially in the early years when you're paying down principal alongside interest. The longer you stay in your home, the more equity you accumulate, and that becomes real financial flexibility down the road. Whether you're thinking about a major life change, home improvement, or just want to understand your financial position better, knowing your equity picture matters. I'd love to help you see exactly where you stand and talk through what options that might open up for you. Let's take a few minutes to review your equity and discuss what it could mean for your future.
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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
Adan Saldana
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