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Mortgage Market Update
My Mortgage Company
Wayne Lacy
Thursday, August 27, 2026
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The wealth you're building with every payment |
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This week we're looking at one of homeownership's most underrated benefits. Most people know a mortgage is an investment, but they don't always realize just how much equity they're building along the way.
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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—here's how
Every mortgage payment you make builds equity in your home. It's one of the most powerful wealth-building tools available to everyday homeowners, and it happens automatically whether you're thinking about it or not. As you pay down your loan balance and your home holds or appreciates in value, that equity grows. Over time, this can give you options—whether that's accessing funds for home improvements, consolidating debt, or simply knowing you're building something real. The longer you own your home, the stronger this position becomes. If you're curious about how much equity you may have built or what options might be available to you, I'd love to walk through your specific situation. Let's talk about what your equity means for your financial 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
Wayne Lacy
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