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Mortgage Market Update
My Mortgage Company
Christopher Larson - Realtor
Wednesday, September 2, 2026
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Your monthly payment does more than you think |
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Hi there, I hope this week is treating you well. Today I want to remind you of something powerful about homeownership that often goes unnoticed.
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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 mortgage payments are working for you
Every time you make a mortgage payment, part of that money builds equity in your home — real ownership stake that belongs to you. Over time, as you pay down your loan balance, that equity grows. It's one of the most powerful wealth-building tools available to homeowners, and it happens automatically with each payment you make. The longer you own your home, the faster equity typically accumulates. Knowing you're building something tangible can be motivating, especially during those early years when it might not feel like much is happening. If you've owned your home for a while and want to understand how much equity you may have built up, or if you're curious how different loan terms could affect your equity timeline, I'd be happy to walk through the numbers with you. Let's talk about what you've built — or what's possible next.
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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
Christopher Larson - Realtor
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