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Mortgage Market Update
My Mortgage Company
Lazaro Toledo
Thursday, August 27, 2026
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How much equity do you have now? |
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Hi there. This week I want to focus on something many homeowners overlook: the equity they're building with every payment.
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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 equity is working for you
Every mortgage payment you make builds equity—that's the portion of your home's value you actually own. Over time, as you pay down your loan balance and your home appreciates, that equity grows. Many homeowners don't realize how much they've built up until they need it. Whether you're thinking about a major home project, education costs, or just want to understand your financial position better, knowing your equity is important. If you've owned your home for several years, you may have more options available to you than you think. I'd love to have a conversation about where you stand and what that might mean for your goals. Let's talk about your equity and what it could mean for your 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
Lazaro Toledo
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