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Mortgage Market Update
Desiree Tyquiengco
Desiree Tyquiengco
Thursday, August 20, 2026
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Your home is building wealth every month |
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Hello! As we move through the year, I want to highlight something that makes homeownership different—and valuable—in ways that aren't always obvious.
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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 every month
When you make a mortgage payment, something important happens that renters never experience: part of that money builds your ownership stake in the home. We call this equity, and it grows two ways—as you pay down the loan, and if your home's value appreciates. Over time, this becomes real wealth. The longer you stay in your home, the more equity you accumulate, which opens doors down the road: you might refinance into better terms, tap that equity for a major project, or have a stronger financial position when life changes. It's one of the quiet superpowers of homeownership that's easy to overlook when you're focused on today's payment. If you're curious about how much equity you might have or what options it creates, I'd love to walk through it with 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 Desiree Tyquiengco team any time and we'll walk you through your options. |
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