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Mortgage Market Update
My Mortgage Company
Jonathan Capellen
Thursday, August 27, 2026
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Your mortgage payment builds equity faster than you think |
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Hello,
This week I want to walk you through something that happens quietly every month with your mortgage—and why it matters to your financial picture.
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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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Building Equity
What your monthly payment is actually doing
Every time you make a mortgage payment, you're doing two things at once: paying interest to your lender and building equity in your home. Early on, most of that payment goes toward interest. But as time passes, more of each payment goes straight into your own pocket—building the ownership stake you'll eventually tap into, sell, or pass down. This is why staying in a home matters. The longer you hold it and keep paying, the faster your equity grows. If life changes and you're curious about what you've built so far, I can pull a quick equity check. Sometimes homeowners are surprised by how much they've already accumulated. Let me know if you'd like to see what equity you might have today.
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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
Jonathan Capellen
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