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Mortgage Market Update
My Mortgage Company
Jeff Buchweitz
Thursday, August 27, 2026
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How much equity have you built? |
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Hi there. This week I want to shine a light on one of homeownership's biggest advantages: the money you're building while you live 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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Home Equity
Your home is building wealth for you
One of the smartest parts of owning a home is that every payment you make builds equity—the portion of your home you actually own. As you pay down your mortgage and your home's value holds or grows, that equity grows too. It's real money, and it can work for you in a few ways: you can borrow against it if you need funds for a major expense, use it to refinance into better terms, or simply let it sit as a safety net and long-term wealth builder. The earlier you start paying down your mortgage, the faster that equity accumulates. If you're curious about how much equity you've built or how you might use it, I'd love to walk you through your options. Let's talk about what your home equity means for your financial future.
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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
Jeff Buchweitz
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