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Mortgage Market Update
Tony Tehfe
Tony Tehfe
Thursday, August 20, 2026
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How much is your home worth to you right now? |
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Hello, and thanks for reading. This week we're looking at something that builds quietly in the background: equity.
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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 even when you sleep
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you owe on it. Over time, this grows into real wealth. What many homeowners don't realize is that equity isn't just something that happens passively. Market appreciation helps, sure, but your monthly payments are the steady engine. If you've been in your home for a few years, you likely have more equity than you think. Knowing your number matters because it opens doors—refinancing options, home improvement loans, or simply understanding your financial position. I'd love to help you figure out where you stand. Let's talk about how much equity you've built so far.
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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 Tony Tehfe team any time and we'll walk you through your options. |
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