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Mortgage Market Update
My Mortgage Company
Green River Capital
Thursday, August 27, 2026
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What your equity can do for you |
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Hello from the lending desk. This week, I want to remind you about one of homeownership's most underrated benefits—and how to make the most of it.
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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 not
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you owe on it. Over time, this grows into real financial cushion. Some of you have been in your homes long enough that equity has become substantial, and that opens doors: you might refinance into better terms, tap that equity for a major expense, or simply feel more secure knowing you're building wealth with every payment. The earlier you start, and the longer you stay, the more powerful this becomes. If you're curious whether your equity position has changed or what options might be available to you now, I'd love to take a look at your situation. Reach out if you'd like to talk about what your equity means for your next move.
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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
Green River Capital
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