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Mortgage Market Update
My Mortgage Company
JV Mortgage
Thursday, August 27, 2026
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How much equity are you sitting on? |
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Hi there. I wanted to share something that matters more than most homeowners realize: the equity quietly building in your home.
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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 working for you
Every mortgage payment you make builds equity—you're literally buying a piece of your home outright. Over time, that equity grows and becomes real financial cushion. It can be tapped for major expenses, used to refinance on better terms, or simply become part of your net worth. The longer you stay in your home and the more principal you pay down, the stronger your financial position becomes. If you're curious about how much equity you've built so far, or wondering how it might help you down the road, I'd love to walk you through the numbers. It's one of the quietest but most powerful ways homeownership builds wealth. Let's talk about your equity and what options it might unlock 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
JV Mortgage
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