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Mortgage Market Update
My Mortgage Company
Mackenzie Paquette
Thursday, August 27, 2026
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How much equity do you have now? |
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Hi there—this week I want to talk about something that's quietly working in your favor: equity. Here's why it matters.
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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's growing value is working for you
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. As you pay down the principal, your stake in the property grows. Many homeowners don't realize how much equity they've accumulated over just a few years, and that equity can become a valuable financial tool when you need it. Whether you're thinking about a home improvement project, facing an unexpected expense, or planning ahead, understanding your equity position is smart money management. I'd be happy to help you figure out where you stand and what options might make sense for your situation. Let's talk about how much equity you may have built.
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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
Mackenzie Paquette
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