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Mortgage Market Update
My Mortgage Company
LaTasha Walker
Thursday, August 27, 2026
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What's your home actually worth to you? |
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Hi there. This week I want to focus on something that works quietly in the background of home ownership—equity, and why knowing yours matters more than you might think.
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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 right now
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. Over time, this grows into real financial strength. Even if rates are higher than they were a few years ago, homeowners who locked in mortgages early have already built substantial equity. If you're thinking about your next move—whether that's upgrading, consolidating debt, or funding a project—understanding your equity position is the first step. I'd be happy to walk through where you stand and what options might make sense for your situation. Reach out and let's talk about your equity and what it could mean for you.
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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
LaTasha Walker
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