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Mortgage Market Update
My Mortgage Company
Ronnee Walton (For Deletion)
Thursday, August 27, 2026
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Do you know how much equity you've built? |
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Life gets busy, and it's easy to lose track of the progress you're making on your mortgage. This week I want to remind you that building equity is one of the smartest moves a homeowner can make.
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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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Building Equity
Your home is working harder than you think
Every mortgage payment you make builds equity — you're paying down principal while your home's value works in your favor over time. That's powerful wealth-building that renting doesn't offer. The sooner you understand how much equity you've accumulated, the more options open up: you could refinance at better terms, tap that equity for major expenses, or simply feel more secure knowing what you own. If you haven't checked your home's value or reviewed your loan balance in a while, now's a good time. I can give you a clear picture of where you stand and what your equity might mean for your future. Let's talk about how much equity you've built — I'd love to walk through it with 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
Ronnee Walton (For Deletion)
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