Mortgage Market Update

My Mortgage Company

Christian Best

Wednesday, September 2, 2026

How much equity are you sitting on?

Hi there—I've been thinking about the conversations I have with clients about their home's value and what they've paid into it over time. Thought I'd share some perspective this week.

National Mortgage Rates · August 27, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.55%

VA 30-Year

6.38%

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.

Equity & Home Value

The wealth you're building might surprise you

Every mortgage payment moves money from your lender's pocket into yours—through principal paydown and, often, home appreciation. Over time, that builds real wealth. The longer you own, the more equity accumulates. If you've been in your home for a few years, you might have more built up than you realize. Understanding your equity matters, especially if life changes and you're curious about your options down the road. Whether you're thinking about refinancing, a home improvement, or just want to know where you stand, I'm here to help you see the full picture.

Let's talk about how much equity you've built and what it could mean for you.

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.

Tips for Homeowners

Understanding Mortgage Points

1.	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.

2.	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.

3.	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.

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.

Your Mortgage Advisor

My Mortgage Company

Christian Best

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