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Mortgage Market Update
My Mortgage Company
Barrett Financial - Robert Ianniciello
Thursday, August 27, 2026
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Do you know how much equity you've built? |
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Markets shift, but one thing stays steady: homeowners who stick with their mortgage steadily build wealth. This week, I want to walk you through something many people overlook.
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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 value is working for you
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 wealth. But equity isn't just something that happens passively. Understanding how much you've built up, and when it makes sense to use it, can open doors to other financial goals: home improvements, debt consolidation, or even a second property. If you've been in your home for a few years, there's a good chance you have more equity than you realize. I'd love to help you get a clear picture of where you stand and explore what options that equity might unlock for you. Get in touch, and we can talk through your equity and what it means for your situation.
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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
Barrett Financial - Robert Ianniciello
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