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Mortgage Market Update
Guillermo Ley
Guillermo Ley
Thursday, August 20, 2026
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Your equity can do more than just sit there |
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Hi there. I'm here to share ideas that can make homeownership work better for your life—and your wallet.
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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 Strategy
What you can do with the equity you own
If you've been a homeowner for a few years, you likely have equity built up in your home—the difference between what your home is worth and what you still owe. Many people don't realize this equity can work for them. Whether you're thinking about a major home project, consolidating debt, or funding another goal, there are loan options designed to tap into that equity without starting over on your mortgage. The key is understanding which approach makes sense for your situation and timeline. I'd love to walk you through how your equity could be an asset when you need it most. Let's talk about what equity options might work for 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 Guillermo Ley team any time and we'll walk you through your options. |
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