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Mortgage Market Update
My Mortgage Company
Jerry Ziadat - Lendside
Thursday, August 27, 2026
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Do you know how much equity you have? |
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Good morning. Sometimes the most valuable financial asset we own goes unexamined. This week I want to shine a light on something that's probably working in your favor right now.
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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 probably worth more than you think
If you bought a few years ago or have been paying down your mortgage steadily, you likely have more equity than your loan paperwork shows. Home values shift—sometimes up, sometimes down—and your payments chip away at principal every month. That equity can be a powerful financial tool: it opens doors to refinancing options, home equity lines of credit, or even a future purchase. The catch is you won't know what you have unless you take a look. I recommend getting your home's current value checked at least once a year, especially if your neighborhood has seen recent sales activity. Understanding your equity position helps you make smarter money decisions. I'd be happy to walk through your situation and talk about what options might make sense for you. Let's talk about your equity and what it means for your financial goals.
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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
Jerry Ziadat - Lendside
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