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Mortgage Market Update
My Mortgage Company
The Doce Mortgage Group
Thursday, August 27, 2026
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How much equity have you built so far? |
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Building wealth through homeownership happens quietly—one payment at a time. Here's what you should know about the equity in your 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 is working for you—here's how
Every mortgage payment you make builds equity in your home. Over time, as you pay down your loan and your home's value potentially appreciates, you're accumulating real wealth. This equity can be tapped into later—whether you need to fund a renovation, pay for education, or handle an unexpected expense. The earlier you start building it, the more you have to work with. If you've owned your home for a few years, you may be surprised how much equity you've already accumulated. Understanding what you have access to can open up options you didn't realize existed. Let's talk about what your equity means for your financial picture.
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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
The Doce Mortgage Group
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