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Mortgage Market Update
My Mortgage Company
Kyle Albert
Thursday, August 27, 2026
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Do you know how much equity you've built? |
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Hi there, this week I want to talk about something that's working in your favor silently: your equity. Whether you're a longtime homeowner or newer to your place, it's worth understanding what you've actually built.
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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 while you sleep
Every mortgage payment you make builds equity—the portion of your home you actually own. As you pay down your loan balance, your stake in the property grows. This happens automatically, month after month, whether the market moves or not. Some of you may also have equity from home appreciation over the years. The reason I mention this now is that many homeowners forget they have this built-in asset sitting right there. If you've owned your home for a few years or are thinking about your financial picture, it's worth understanding what equity you've accumulated. That knowledge can open doors—whether you're considering a refinance, a home improvement project, or just want to know your net worth better. I'd love to help you get a clear picture of where you stand. Reach out and we can review your equity position and talk through what it might mean for your situation.
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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
Kyle Albert
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