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Mortgage Market Update
Reyna Villegas
Reyna Villegas
Thursday, August 20, 2026
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How much equity are you sitting on? |
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Hi there. I wanted to reach out with something that often gets overlooked—but shouldn't.
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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 mortgage is doing more than you might think
Every payment you make builds equity in your home—that's the difference between what your house is worth and what you still owe on it. Over time, this equity can become a real financial asset. Some homeowners use it to fund renovations, pay for education, or cover unexpected expenses through a home equity line of credit or loan. Others simply watch it grow as part of their long-term wealth building. The sooner you understand how much equity you have and what options it opens up, the sooner you can make smarter decisions about your home and your finances. I'd be happy to walk you through where you stand and what might make sense for your situation. Let's talk about your equity and what you might do with 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 Reyna Villegas team any time and we'll walk you through your options. |
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