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Mortgage Market Update
My Mortgage Company
ash ketchum
Thursday, August 27, 2026
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Do you know how much equity you have? |
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Hello,
This week I'm sharing something that often surprises homeowners when we sit down and talk through it.
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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 equity is likely growing faster than you think
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe on it. But equity grows in two ways: through your monthly payments *and* through home value appreciation. If your neighborhood has seen property values hold steady or rise, you may have more equity available than you realize. That matters because equity can be a financial tool. Some homeowners use it to refinance into better loan terms, fund home improvements, or access cash for life events. The first step is knowing where you stand—and that starts with an honest look at your current loan balance versus your home's market value. If you're curious whether your equity position has shifted, I'd love to walk through the numbers with you. Reach out anytime if you'd like to discuss your home's current value and what your equity means for your options.
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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
ash ketchum
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