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Mortgage Market Update
My Mortgage Company
Michael Rubin
Thursday, August 27, 2026
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How much equity do you actually have? |
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Hi there. This week I want to talk about something that's quietly working in your favor every single month: equity.
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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 difference between what your home is worth and what you owe on it. That's money staying in your pocket, not a landlord's. Over time, as you pay down the principal and your home may appreciate, that equity grows into real financial cushion you can tap into later, whether for a major repair, education, or life's next chapter. The sooner you understand how much equity you've built, the sooner you can make confident decisions about your financial future. If you're curious where you stand or wondering how to put that equity to work strategically, I'd love to walk through your options with you. Reach out anytime—I can give you a clear picture of your equity and what it means for your future.
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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
Michael Rubin
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