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Mortgage Market Update
My Mortgage Company
Spencer Javier
Tuesday, September 1, 2026
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How much equity are you building? |
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Hi there. This week I want to share something that often gets overlooked when people think about their mortgage.
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National Mortgage Rates · August 27, 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 money that stays with you, separate from interest paid to the lender. Over time, as you pay down principal and your home may appreciate, that equity grows into real wealth. Some borrowers don't realize they can tap into this equity later through refinancing or a home equity line of credit if they need funds for improvements, debt consolidation, or other goals. The sooner you understand how much equity you're building, the better you can plan your financial future. If you'd like to know where you stand with your current loan, I'm happy to walk you through it. Reach out if you'd like to talk about your home's equity and what options might be available to 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
Spencer Javier
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