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Mortgage Market Update
My Mortgage Company
Chris Duskin
Thursday, August 27, 2026
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What's your home's equity worth right now? |
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Hi—this week I want to remind you of something powerful that happens every month without you having to do a thing.
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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 equity is working harder than you think
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, and it opens doors. Whether rates rise or fall, you're accumulating an asset. Some borrowers don't realize they can tap into that equity through refinancing or a home equity line of credit when they need cash for renovations, education, or other goals. The stronger your equity position, the more flexibility you have as a homeowner. If you've been in your home for a few years, now might be a good time to see what you've built and explore your options. Let's talk about your equity and what it means for your financial 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
Chris Duskin
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