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Mortgage Market Update
My Mortgage Company
BEST Real Estate
Thursday, August 27, 2026
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Building wealth through your mortgage payment |
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Hi there. This week I want to focus on something happening quietly in the background of your home ownership—and how to put it to work for you.
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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 even when you're sleeping
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 think of equity only when they're selling, but it's actually a powerful financial tool available to you right now. As you pay down your loan and your home potentially appreciates, that equity grows. Some borrowers tap into it for home improvements, education, or other big expenses through a home equity line or loan. Others simply let it accumulate as a safety net. Either way, understanding your equity position helps you make smarter financial decisions. I'd love to talk through your situation and show you exactly where you stand. Let's review your equity and explore what options might work for you.
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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
BEST Real Estate
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