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Mortgage Market Update
My Mortgage Company
Kim A. Bryant
Thursday, August 27, 2026
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How much equity do you have in your home? |
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Hi there,
This week I want to focus on something that quietly grows with every payment you make.
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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—here's how
Every mortgage payment you make builds equity in your home. That's money going toward ownership instead of rent. Over time, that equity can become a real financial asset—something you can tap into if you need it, or that adds to your net worth. The sooner you understand how much equity you may have, the sooner you can think strategically about your financial future. Whether you're thinking about a major expense, a home improvement, or just want to know where you stand, it's worth a conversation. I can help you figure out what your equity position looks like and what options might make sense for your situation. Let's talk about what your equity means for your next move.
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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
Kim A. Bryant
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