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Mortgage Market Update
My Mortgage Company
Mauricio Gonzalez-Roberts
Wednesday, September 2, 2026
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Your mortgage payment is building something |
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Each month, you're doing more than just paying a bill. You're building wealth in your home, and I want to show you how.
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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 your monthly payment builds wealth
Every mortgage payment you make does two things: it covers interest to your lender, and it builds equity in your home. That equity is real money — it's the difference between what your home is worth and what you owe. Over time, as you pay down your loan balance, that equity grows, and it becomes an asset you can borrow against or tap into later if you need it. Understanding how your payment is split between principal and interest helps you see the bigger financial picture. The sooner you start, the sooner that wealth builds. If you're curious about how much equity you might have accumulated, or whether refinancing could change how quickly you build it, I'd love to walk you through the numbers. Let's talk about your equity position and what it means 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
Mauricio Gonzalez-Roberts
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