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Mortgage Market Update
My Mortgage Company
Kevin Kryger
Thursday, August 27, 2026
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How much equity have you built? |
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Hi there. This week I want to remind you of something that happens quietly in the background of homeownership: you're building wealth with every payment.
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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—the difference between what your home is worth and what you still owe. Over time, this becomes real wealth you can tap into if you need it. Some of you have been in your homes long enough that equity has grown significantly, especially if your home's value has appreciated. Others are just starting that journey. Either way, understanding your equity position helps you make smarter decisions down the road, whether that's refinancing, accessing funds for a major expense, or planning your next move. If you're curious about how much equity you've built or what options that might open up, I'd love to have that conversation with you. Reach out and let's talk about your equity—no obligation.
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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
Kevin Kryger
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