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Mortgage Market Update
John Kean
John Kean
Thursday, August 20, 2026
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Your home equity: a tool you might be overlooking |
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Home equity is one of your greatest financial assets as a homeowner. This week, I want to show you how to think about using it strategically.
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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
Why tapping your equity might make sense now
If you've been in your home for a few years, you've likely built up equity—that's the difference between what your home is worth and what you owe on your mortgage. Some homeowners sit on that equity without realizing they can put it to work. A cash-out refinance or home equity line of credit lets you borrow against what you've built, which can help fund home improvements, consolidate debt, or handle a major expense. The key is understanding whether borrowing against your equity makes financial sense for your situation. Rates and terms matter, and so does your plan for the money. I'd love to walk you through the options and help you decide if this is the right move for you. Let's talk about whether your equity could work harder 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 John Kean team any time and we'll walk you through your options. |
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