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Mortgage Market Update
My Mortgage Company
Travis Underwood
Thursday, August 27, 2026
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Do you know how much equity you have? |
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Building wealth through homeownership happens quietly, month after month. Let me show you what you've likely already built.
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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
What your home equity can do 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. If you've owned your home for a few years, you likely have more equity than you realize. That equity can work for you in several ways: it can back a home equity line of credit if you need funds for repairs or other goals, it can support a refinance if your situation has changed, or it can simply grow as you keep paying down your loan and your home appreciates. The key is knowing what you have to work with. I'd love to help you take a fresh look at your equity position and talk through what options might make sense for your goals. Let's review your home's equity and see what doors that might open.
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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
Travis Underwood
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