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Mortgage Market Update
My Mortgage Company
Ruslan Kushnir
Wednesday, September 2, 2026
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How much equity are you building each month? |
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We spend a lot of time talking about rates and payments—but there's something else happening behind the scenes that deserves your attention. I want to walk you through it today.
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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
Your mortgage is doing more work than you think
Every payment you make builds equity—that's the portion of your home's value you actually own. Over time, this grows into real financial strength. Whether you're early in your loan or further along, that equity can become a tool: a cushion for unexpected expenses, a way to refinance into better terms, or even funding for home improvements that add value back to your property. The sooner you understand how your mortgage is working *for* you, the smarter decisions you can make down the road. If you'd like to talk through where you stand or explore what your equity might mean for your situation, I'm here to help. Let's talk about your equity and what it could mean for your financial goals.
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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
Ruslan Kushnir
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