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Mortgage Market Update
My Mortgage Company
Michael Perlman
Thursday, August 27, 2026
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Your home is building wealth—here's how much |
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Hello,
I'm sharing something that often gets overlooked: the equity sitting in your home 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 quietly making you money
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. Beyond monthly payments, your home's value itself can grow, adding even more equity to your account. If you've owned your home for a few years, you may have built up more equity than you realize. Some borrowers use that equity strategically—to refinance into better terms, fund home improvements, or handle life's bigger expenses. The key is knowing what you have. I'd love to sit down with you and review your current situation, no pressure. Let's talk about whether your equity can work harder for you. Reach out this week, and we can take a quick look at what your home's equity might mean for your financial picture.
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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
Michael Perlman
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