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Mortgage Market Update
My Mortgage Company
Lawson Mortgage Group
Wednesday, September 2, 2026
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What your monthly payment is actually building |
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Hi there — I wanted to touch on something that matters more than most homeowners realize: the equity you're building in your home right now.
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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 home is working for you every month
Every mortgage payment you make builds equity — the difference between what your home is worth and what you owe. Over time, this becomes real wealth you can tap into. Whether you're planning a major renovation, consolidating debt, or simply want to understand your financial position better, knowing your equity is a smart first step. The longer you stay in your home and the more you pay down the loan, the stronger this position becomes. If you'd like to talk through your equity situation or explore what options might make sense for your goals, I'm here to help. Let's have a conversation about your home equity and what it could mean 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
Lawson Mortgage Group
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