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Thursday, August 20, 2026 |
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A Note From Tim Powers
A quick market update for my past clients and friends
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Mortgage Market Update
Your loan program might not be your only option
Hi there—I hope things are going well. This week I want to touch on something that doesn't always get a lot of attention, but it should.
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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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Loan Programs
The loan program that might fit you better
Not all mortgages work the same way, and the program you choose can shape your monthly payment, how long you're paying, and what flexibility you have down the road. Some borrowers do well with fixed rates for the stability. Others benefit from programs designed for specific situations—whether you're putting down less than twenty percent, buying a second home, or refinancing to pull out equity. The right choice depends on your timeline, cash flow, and goals. If you're curious whether your current loan is still the best fit, or if you're shopping around, I'm happy to walk through the options that might work for your situation.
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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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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 Tim Powers team any time and we'll walk you through your options.
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16427 N Scottsdale Rd Ste 410, Scottsdale, AZ 85254
+1 253-209-4247
Tim Powers · Unsubscribe
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