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Mortgage Market Update
My Mortgage Company
Pacific Coast Mortgage Solutions
Thursday, August 27, 2026
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What's your home equity worth right now? |
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Hi there — this week I want to remind you of something powerful that happens quietly every month: your home is building wealth for you.
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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 every month
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 becomes real wealth you can tap into. Many homeowners don't realize how much equity they've accumulated, especially if they've been in their home for several years. Knowing your equity position matters, because it opens doors: you might refinance into better terms, borrow against it for home improvements or major expenses, or simply understand your net worth better. The longer you hold the mortgage and the more principal you pay down, the stronger your position becomes. I'd like to help you get a clear picture of where you stand. Let's talk about your home's current value and what equity you've built. Reach out, and I can walk you through your equity and what options might make sense for your situation.
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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
Pacific Coast Mortgage Solutions
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