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Mortgage Market Update
Kevin Huettner
Kevin Huettner
Thursday, August 20, 2026
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How much of your home do you actually own? |
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Hi there, I hope you're having a great week. Today I want to talk about something that builds quietly in the background of homeownership—and it's more valuable than most people realize.
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National Mortgage Rates · August 13, 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 mortgage payment you make builds equity—that's the portion of your home you actually own. Over time, as you pay down your loan balance and your home's value potentially appreciates, that equity grows. It's one of the most powerful wealth-building tools available to homeowners, and it happens automatically while you live in your home. Understanding your equity matters because it opens doors: you may be able to tap into it for major expenses, use it to refinance into better terms, or leverage it when you're ready to upgrade. The sooner you know where you stand, the sooner you can make smart decisions about your home and your future. Let's talk about your current equity and what options might be available to you.
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Tip of the Week
If your credit score is below 740, even small improvements before applying for a mortgage can save you thousands over the life of the loan.
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Tips for Homeowners
Weatherproofing Your Home Before Winter
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1.
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Clean your chimney if you have a fireplace. The National Fire Protection Association recommends annual inspection and cleaning to prevent chimney fires.
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2.
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Check attic insulation and ventilation before winter. Inadequate insulation leads to heat loss, higher energy bills, and ice dams on the roof that can cause significant damage.
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3.
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Inspect weatherstripping on all exterior doors. A simple dollar-bill test works: close the door on a bill — if you can pull it out easily, your weatherstripping needs replacing.
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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 Kevin Huettner team any time and we'll walk you through your options. |
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