Mortgage Market Update

My Mortgage Company

VestaLending

Thursday, August 27, 2026

How much equity have you built?

Many homeowners don't realize they're building wealth every single month. I wanted to walk you through why equity matters and how to think about it.

National Mortgage Rates · August 20, 2026

30-Year Fixed

6.65%

FHA 30-Year

6.53%

VA 30-Year

6.32%

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.

Equity Building

Your home is quietly working for you

Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe. Over time, this becomes real wealth. Even better, if your home has appreciated since you bought it, you've gained equity without lifting a finger. This matters because equity can be a financial cushion: it opens doors to refinancing, home equity loans, or lines of credit if you need them. The sooner you understand how much equity you have, the sooner you can make informed decisions about your financial future. Whether you're thinking about upgrading, consolidating debt, or just curious where you stand, knowing your equity position is the first step.

If you'd like to discuss how much equity you've built, I'm here to help.

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.

Tips for Homeowners

Understanding Mortgage Points

1.	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.

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

VestaLending

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