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Mortgage Market Update
Emin Hakobian
Phast Funding
Thursday, August 20, 2026
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Your situation may have changed more than you think |
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Hi there. I hope this finds you well. This week I want to touch on something that doesn't get discussed enough: how much your financial picture can shift in a short time, and what that means for your mortgage.
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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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Home Affordability
When your budget shifts, your mortgage options might too
Life changes fast—a job move, a growing family, an inheritance, or even just a shift in what you want from your home. What felt unaffordable a year ago might be within reach now. The opposite is true too: circumstances change, and what once made sense might need rethinking. That's why I recommend checking in on your situation every so often, not just when rates move. A conversation about where you are now—your income, your goals, your timeline—can open doors you didn't know were there. Whether you're looking to buy, refinance, or just understand your options better, I'm here to help you see what's actually possible. Let's talk about where you stand and what makes sense for you right now.
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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 Emin Hakobian team any time and we'll walk you through your options. |
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