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Mortgage Market Update
My Mortgage Company
Lindsey Carioti
Thursday, August 27, 2026
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Do you know how much equity you have? |
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It's easy to think of your mortgage as just another monthly bill. But here's what's really happening underneath:
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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 every month
Every mortgage payment you make builds equity — you're paying down what you owe and gaining ownership stake in your home. Over time, that adds up to real financial flexibility. Whether you want to tap into it for a major expense, upgrade your home, or refinance into better terms, equity is an asset you own. The longer you've been in your home and the more you've paid down, the more options open up to you. If you're not sure how much equity you've built or what you could do with it, I'd love to walk through the numbers with you. It's one of the most overlooked advantages of homeownership. Reach out anytime — 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
Lindsey Carioti
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