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Mortgage Market Update
Joseph Kelley
Joseph Kelley
Thursday, August 20, 2026
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What can you do with your home's equity? |
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Here's something I find a lot of homeowners don't think about: the money you've already invested in your home might be accessible when you need it most. This week I want to cover what that means in practical terms.
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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 & Access
Your equity can work for you
If you've been paying your mortgage for a few years, there's a good chance you've built up equity in your home — that's the difference between what your home is worth and what you still owe. The reason this matters is simple: that equity can be a financial tool. Whether you're thinking about a major home project, consolidating debt, or covering an unexpected expense, tapping into your equity through a cash-out refinance or home equity line of credit might be an option worth exploring. The right move depends on your situation, your timeline, and what rates and terms look like right now. I'd love to walk you through what's possible and whether it makes sense 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 Joseph Kelley team any time and we'll walk you through your options. |
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916-612-4294 | https://joethemortgagegiant.com
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