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Mortgage Market Update
My Mortgage Company
Jamey Santangelo
Thursday, August 27, 2026
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What's your home actually worth to you now? |
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Hi there. This week I want to shift focus from rates and payments to something that builds quietly in the background: your equity.
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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 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. But equity isn't just a number on paper. It's a real financial asset you can tap into if you need it, whether through a refinance, a home equity line of credit, or a second mortgage. The longer you own your home, the more equity you typically build, especially as you pay down principal and as property values change. Understanding what you've built up is worth a conversation—it can open doors you didn't know existed. I'd love to walk you through where you stand and what options might make sense for your situation. Let's talk about the equity you've built 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
Jamey Santangelo
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