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Mortgage Market Update
Cyndi Delcid
Cyndi Delcid
Thursday, August 27, 2026
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Your mortgage is secretly building wealth |
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We're here each week to help you think clearly about money, mortgages, and homeownership. This week, a friendly reminder about one of the best parts of owning a home.
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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 builds wealth while you sleep
Every mortgage payment you make does two things: it puts a roof over your head and builds equity in your home. That's different from renting, where your monthly payment goes to a landlord. Over time, as you pay down your loan and your home's value holds steady or grows, you're accumulating real wealth. That equity becomes a safety net and an opportunity—you can borrow against it for major expenses, use it to refinance into better terms, or simply hold it as a long-term investment. The longer you stay in your home, the more powerful this effect becomes. If you've owned your place for a few years, you might be surprised at how much equity you've already built. Let's review your situation and talk about what your equity could mean 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 Cyndi Delcid team any time and we'll walk you through your options. |
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