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Mortgage Market Update
My Mortgage Company
Power Lending
Thursday, August 27, 2026
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Does your home equity have a job? |
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Hi there,
This week I want to talk about something many homeowners overlook until they need it: the real power of building equity in your home.
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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
What your home equity can do for you
Every mortgage payment you make builds equity—you're paying down what you owe and building ownership stake in your home. Over time, that equity becomes real financial flexibility. You might use it to renovate, consolidate debt, fund education, or handle an unexpected expense. The sooner you understand how much equity you have and what options exist, the better decisions you can make. I help clients tap into their equity smartly when the time is right, and I'd like to do the same for you. If you've owned your home for a while or your property has appreciated, it's worth having a conversation about what your equity means and whether it makes sense to access it. Reach out anytime—I'm happy to discuss whether your home equity could work 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
Power Lending
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