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Mortgage Market Update
My Mortgage Company
Vision Home Mortgage
Thursday, August 27, 2026
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How much equity do you have in your home? |
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Building wealth as a homeowner doesn't always feel obvious month to month. But it's happening.
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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. That's real wealth growing month after month, whether rates are up or down. Over time, as you pay principal, you own more of your property outright. This equity can become a tool later—you might tap it for a major expense, a renovation, or other financial needs through options like a home equity line of credit. The longer you stay in your home and keep making payments, the stronger your financial position becomes. If you're curious about how much equity you've built or what that might mean for your future options, I'd love to walk you through it. Reach out anytime—I'm here to help you understand your equity and what it 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
Vision Home Mortgage
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