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Mortgage Market Update
My Mortgage Company
Mark Rocha
Thursday, August 27, 2026
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How much equity are you building? |
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Hi there—this week I want to talk about something that grows quietly in the background of homeownership: equity. It's powerful, and it's yours.
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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—that's the difference between what your home is worth and what you still owe. Over time, this becomes real wealth. The sooner you understand how much equity you've built, the sooner you can think strategically about what it means for your future: whether that's refinancing into better terms, funding a major repair, or having options down the road. I've worked with homeowners who were surprised to discover they had far more equity than they realized, simply because they'd never checked. A quick conversation about where you stand can open up possibilities you might not have considered. Let's take five minutes to talk about your equity position and what it could mean for you.
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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
Mark Rocha
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