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Mortgage Market Update
My Mortgage Company
Tailored Lending Capital
Wednesday, September 2, 2026
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When do you start building real equity |
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Hi there. I wanted to cover something that often surprises homeowners when they see the numbers for the first time.
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National Mortgage Rates · August 27, 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
How much of your payment goes toward ownership
Every mortgage payment you make is split between interest and principal. Early on, most of that payment covers interest—that's just how loans work. But as time goes on, more and more of each payment builds equity in your home. It's one reason staying in a home for several years tends to work in your favor. Understanding this breakdown also matters if you're thinking about refinancing or tapping into your equity down the road. The longer you've been paying, the more you own. I'm happy to walk you through what your specific situation looks like. Let's talk about your equity position and what it means for your options.
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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
Tailored Lending Capital
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