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Mortgage Market Update
My Mortgage Company
Blue Collar Mortgage
Wednesday, September 2, 2026
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Building equity faster than you think |
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Hi there—I wanted to share something I think gets overlooked in mortgage conversations. Your home isn't just a place to live; it's also an investment in your future financial security.
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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 wealth—money you own outright. Over time, as you pay down your loan balance, your equity grows faster. If rates are higher now than when you got your mortgage, refinancing might not make sense—but if you're curious whether a different loan structure could help you build equity faster or lower your total interest paid over the life of the loan, that's worth exploring. I'm here to walk you through the real numbers and what they mean for your financial picture. Let's talk about your equity and what options might work for you.
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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
Blue Collar Mortgage
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