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Mortgage Market Update
Bianca Lopez
Bianca Lopez
Thursday, August 20, 2026
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Your equity could work harder for you |
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I've noticed a pattern with clients who've been in their homes for a few years: they're surprised how much equity they actually own. The next question is always the same.
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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
What to do once you've built equity
Building equity in your home is great—but having it and knowing what to do with it are two different things. Once you've accumulated equity through payments and appreciation, you have real options: you can tap into it for a major expense through a home equity line or loan, use it as a down payment to upgrade to a larger home, or simply keep building it for long-term wealth. The key is understanding which move aligns with your goals and finances right now. Every situation is different, which is why I like to sit down and walk through the possibilities. What works for one homeowner might not make sense for another.
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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 Bianca Lopez team any time and we'll walk you through your options. |
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2701 East Insight Way, Suite 150, Chandler, AZ 85286
(520) 907-2520 | https://themortgagehomemaker.com/
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