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Thursday, August 20, 2026 |
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Mortgage Market Update
Why higher rates might actually help you find a home
We know rates are on everyone's mind right now. But this week we're looking at some silver linings—and practical ways to strengthen your position as a buyer, whether you're shopping now or getting ready soon.
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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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Mortgage Basics
Why your monthly payment might change even if rates don't
Your mortgage payment is built from more than just interest. Property taxes, homeowners insurance, and mortgage insurance (if you put down less than 20%) all roll into that number you see each month. The tricky part: some of these can shift over time, even when interest rates stay flat. A tax reassessment, a policy renewal, or changes to your insurance coverage can quietly increase what you owe. Knowing what makes up your payment helps you spot these changes early and decide if refinancing or other moves make sense for your situation. It's worth a conversation if you've noticed your payment creeping up.
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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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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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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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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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Real Estate - Keeping Current Matters
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You've probably noticed fewer homes hitting the market lately. But rising mortgage rates might actually flip that script by encouraging some homeowners to list their properties. Understanding this dynamic helps explain what's happening in your local market and what it could mean for your shopping timeline.
| Key takeaway: Fewer homes for sale doesn't have to mean fewer options forever—market forces are already pushing in directions that could improve inventory. |
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Smarter Mortgage Strategies
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Your credit score directly affects your mortgage approval odds, loan options, and the interest rate you'll qualify for. These ten straightforward strategies help you strengthen your credit profile before you apply, which can save you thousands over the life of your loan.
| Key takeaway: Taking even a few months to improve your credit score can unlock better rates and loan terms when you're ready to buy. |
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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 Paul Cederholm team any time and we'll walk you through your options.
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303-931-6798
Mortgage Broker | Cederholm Mortgage Advisors - Edge Home Finance · Unsubscribe
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