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Mortgage Market Update
My Mortgage Company
Shane Valente
Thursday, August 27, 2026
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How much equity do you actually have? |
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Hi there. Let's talk about something that happens quietly in the background of homeownership—but has real money implications.
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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's equity is working for you
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe on it. Over time, this becomes real wealth. If your home has appreciated or you've paid down your loan balance, you may have options you didn't have before: refinancing to better terms, tapping into equity for major expenses, or simply knowing you're building toward something solid. The sooner you understand your equity position, the sooner you can make informed decisions about your financial future. I'd love to help you figure out where you stand. Reach out if you'd like to discuss your equity or explore what it might mean 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
Shane Valente
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