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Mortgage Market Update
Dawn Dawson
Dawn Dawson
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's quietly working in your favor every single month.
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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 Equity
Your home is building wealth while you sleep
Every mortgage payment you make builds equity — the difference between what your home is worth and what you still owe. Over time, this becomes real money you can tap into if you need it. Some homeowners use equity to fund renovations, pay off high-interest debt, or cover major expenses. Others simply watch it grow as an asset. The longer you stay in your home and the more you pay down the loan, the more equity accumulates. If you're curious about how much equity you've built or what options might be available to you, I'd love to walk through the numbers. Understanding your equity position is one of the smartest money moves a homeowner can make. Reach out if you'd like to discuss your equity and what it means for your financial picture.
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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 Dawn Dawson team any time and we'll walk you through your options. |
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