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Mortgage Market Update
Steven Dell’Aria
Steven Dell’Aria
Thursday, August 20, 2026
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How much equity are you building? |
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Hi there, I hope you're having a great week. Today I want to share something that often gets overlooked—but shouldn't.
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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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Building Equity
Your home is working for you every month
One of the best parts of owning a home is that your monthly mortgage payment is building equity—the difference between what your home is worth and what you owe. Every payment chips away at your loan balance, and as your home's value changes over time, that equity grows. This is real wealth accumulation that renters don't experience. The longer you stay in your home, the more equity you build, which can give you options down the road—whether that's refinancing, accessing funds for a major expense, or moving to your next place with a stronger financial position. If you're curious about how much equity you might have built, or if you're wondering whether it makes sense to tap into it, I'd love to walk you through your options. Let's talk about your equity and what you can do with it.
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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 Steven Dell’Aria team any time and we'll walk you through your options. |
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