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Mortgage Market Update
My Mortgage Company
Christian Best
Thursday, August 27, 2026
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What your monthly payment is actually building |
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Welcome back. This week, I want to remind you of something that happens automatically every time you make a payment—and why it matters more than you might think.
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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—that's the difference between what your home is worth and what you still owe. Over time, this grows into real wealth. The sooner you start paying down your loan, the more equity you accumulate, and the more options open up: you might refinance into better terms, tap that equity for a major project, or simply own your home free and clear sooner than you think. It's one of the quietest, most powerful wealth-building tools available to homeowners. If you'd like to understand where your equity stands right now or explore what that means for your financial picture, I'd be happy to walk you through it. Let's talk about your equity and what it could mean for your future.
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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
Christian Best
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