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Mortgage Market Update
Lynnsy Hamilton-Obert
Lynnsy Obert
Thursday, August 20, 2026
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What can you do with your home equity? |
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Every month you pay your mortgage, you're building wealth. But most homeowners don't think much about how to use that wealth when they need 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 Access
Your home equity can work for you
If you've been paying your mortgage for a few years, you likely have equity built up. That equity isn't just a number on paper—it can be a real tool for major expenses, debt consolidation, or home improvements. There are a few ways to tap into it: a cash-out refinance, a home equity loan, or a line of credit. Each works differently depending on your situation, your rate environment, and how much you need. The key is understanding which option makes sense for your goals before you move forward. If you're curious whether tapping your equity is the right move for you right now, I'd be happy to walk through the options. Let's talk about whether accessing your equity makes sense for your plans.
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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 Lynnsy Hamilton-Obert team any time and we'll walk you through your options. |
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