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Mortgage Market Update
My Mortgage Company
Future Mortgage (For Deletion)
Thursday, August 27, 2026
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What's your home equity worth right now? |
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Your home isn't just a place to live—it's building wealth with every payment. This week, let's talk about the money you've already put in the work to build.
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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 probably worth more than you think
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe on it. Over time, this becomes real money you can access if you need it. Market changes can also increase your home's value, which means your equity grows even faster. Knowing what you have available can open doors: a cash-out refinance, a home equity line of credit, or just peace of mind that your investment is working for you. If you haven't thought about your equity in a while, now's a good time to get a clear picture of where you stand. I can help you understand your equity and explore options that might work for your situation—just reach out.
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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
Future Mortgage (For Deletion)
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