A Note From Scott Munds

A Quick Note from Scott

Thanks for staying connected. I appreciate being able to keep you informed and be a resource whenever you need one. My goal is simple: provide helpful information and keep you informed about the market.

Whether you're thinking about buying, refinancing, or simply keeping an eye on the market, I'm always here as a resource. I appreciate your trust, your referrals, and the opportunity to be part of your journey — Scott

National Mortgage Rates · August 13, 2026

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.

Smart Prepayment

What happens when you pay extra on your mortgage

A lot of homeowners ask me: if I send in an extra payment or a lump sum, where does that money go? The answer matters. When you pay above your regular monthly amount, that extra typically goes straight to principal—the amount you actually owe—rather than toward future interest. This means you're building equity faster and shortening your loan timeline. Over time, even modest extra payments can save you years and a lot of money in interest. Of course, before you commit to higher payments, make sure your budget can handle it comfortably. If you're curious whether prepayment makes sense for your situation, I'd love to walk through the numbers with you.

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.

Tips for Homeowners

Weatherproofing Your Home Before Winter

Keeping Current Matters

The home features buyers are willing to pay more for

Buyers today aren't just looking for more square footage—they're specifically seeking flexible spaces like main-floor spare rooms, finished basements with kitchenettes, and bonus rooms that can serve multiple purposes. If your home has one of these features, it could be a real selling point and justify a higher asking price.

Keeping Current Matters

Why higher rates might actually add homes to the market

You've probably noticed fewer homes for sale lately, which can make house hunting feel stressful. But there's a silver lining: higher mortgage rates may actually encourage some homeowners to put their houses on the market, which could improve inventory and your shopping options down the road.

Keeping Current Matters

Who has the upper hand right now?

Whether you're buying or selling, you're probably wondering if there's a way to land a better deal. The answer depends on where you stand in today's market—and understanding the balance of power can help you make smarter decisions about timing and strategy.

Your Mortgage Advisor