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Mortgage Market Update
Derek Mollin
Derek Mollin
Thursday, August 20, 2026
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What's your home actually worth right now? |
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Hi there,
This week I want to talk about something many homeowners overlook: the real money building up in your property.
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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 Awareness
Your home's value is working for you
If you've owned your home for a few years, you likely have built equity—the difference between what your home is worth and what you still owe. That's real wealth sitting in your property, and it opens doors you might not realize are available. Whether you're thinking about a major home project, consolidating high-interest debt, or just want to understand your financial position better, knowing your equity is the first step. Some homeowners are surprised to learn they have options they've never considered. I'd love to have a conversation about where you stand and what your equity might mean for your future plans. Let's talk about what your home's equity could do for you—just give me a call or send a message.
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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 Derek Mollin team any time and we'll walk you through your options. |
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