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Mortgage Market Update
Amy Oliverio
Amy Oliverio
Thursday, August 20, 2026
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What's your home's equity worth to you? |
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Building wealth through homeownership happens quietly—but it does happen. This week, let's talk about the equity you've earned and what you can actually do with it.
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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 Check
Your home's equity is a tool—here's how to use it
If you've been in your home for a few years, you likely have equity built up. That's real wealth sitting in your property, and it can work for you in several ways. A cash-out refinance lets you borrow against that equity to fund renovations, consolidate debt, or cover a major expense. A home equity line of credit (HELOC) gives you flexible access to funds as you need them. Even if rates aren't ideal for a full refinance, equity unlocks options. The key is understanding what makes sense for your situation—not all equity moves are the right move. I'd love to walk you through what your home's equity could mean for you and whether tapping into it makes sense right now. If you've been wondering whether your equity could help you reach a goal, let's talk through your options.
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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 Amy Oliverio team any time and we'll walk you through your options. |
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