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Mortgage Market Update
Amri Hernandez
Amri Hernandez
Thursday, August 20, 2026
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How much equity are you sitting on? |
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Hi there. This week I want to talk about something that grows quietly in the background of homeownership—and often gets overlooked.
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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 harder than you think
Every mortgage payment you make builds equity—the difference between what your home is worth and what you still owe. Over time, this grows into real wealth. But many homeowners don't realize how much equity they've accumulated, or what doors it can open. Whether you're thinking about a major renovation, helping a family member, or just curious about your financial position, understanding your equity is the first step. It could open options you didn't know you had. Let's take a look at your current equity position—I'm happy to walk you through it.
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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 Amri Hernandez team any time and we'll walk you through your options. |
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