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Mortgage Market Update
My Mortgage Company
Tom Ahles
Thursday, August 27, 2026
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How much of your home do you actually own? |
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Here's what matters this week: understanding the real progress you're making with every payment.
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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 is working for you every month
Every mortgage payment you make builds equity — the portion of your home you actually own. This matters more than you might think. As you pay down your loan balance, your stake in the home grows, and that equity can become a tool later if you need it. Whether you refinance, sell, or tap into a home equity line, that accumulated ownership gives you options. The sooner you start, the more you build. If you've been in your home for a few years, it's worth understanding how much equity you've already created. Knowing this number helps you make smarter decisions about your financial future. Let's talk about what your equity position looks like right now.
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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
Tom Ahles
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