|
Mortgage Market Update
YASMIN MARTIN
Yasmin Martin
Thursday, August 20, 2026
|
How much equity do you have right now? |
|
Hi there. This week I want to touch on something many homeowners overlook: the equity they've quietly been building in their home.
|
|
National Mortgage Rates · August 13, 2026
|
%22%2C%22fill%22%3Atrue%2C%22tension%22%3A0.4%2C%22pointRadius%22%3A4%2C%22pointBackgroundColor%22%3A%22%233b5bdb%22%2C%22borderWidth%22%3A2%7D%5D%7D%2C%22options%22%3A%7B%22plugins%22%3A%7B%22legend%22%3A%7B%22display%22%3Afalse%7D%7D%2C%22scales%22%3A%7B%22y%22%3A%7B%22ticks%22%3A%7B%22callback%22%3A%22function(v)%7Breturn%20v%2B%5C%22%25%5C%22%7D%22%2C%22color%22%3A%22%23666%22%7D%2C%22grid%22%3A%7B%22color%22%3A%22rgba(0%2C0%2C0%2C0.06)%22%7D%7D%2C%22x%22%3A%7B%22grid%22%3A%7B%22display%22%3Afalse%7D%2C%22ticks%22%3A%7B%22font%22%3A%7B%22size%22%3A11%7D%2C%22color%22%3A%22%23666%22%7D%7D%7D%7D%7D&w=520&h=180&bkg=white&f=12) |
|
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.
|
|
|
|
Equity Awareness
You might have more equity than you think
If you've owned your home for a few years and made regular payments, you've likely built equity—the difference between what your home is worth and what you owe on your mortgage. That equity is real money sitting in your property. Some borrowers don't realize how much they've accumulated, especially if their home has appreciated or they've paid down principal steadily. Knowing your equity matters because it opens doors: you could refinance into better terms, tap that equity for a home improvement or large expense, or simply feel more confident about your financial position. I'd encourage you to take a closer look at where you stand. If you're curious about your equity or wondering what options might be available to you, let's talk. Give me a call or send a message—I can help you figure out what your equity means for your next move.
|
|
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.
|
|
Tips for Homeowners
Weatherproofing Your Home Before Winter
|
|
1.
|
Clean your chimney if you have a fireplace. The National Fire Protection Association recommends annual inspection and cleaning to prevent chimney fires.
|
|
2.
|
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.
|
|
3.
|
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.
|
|
|
Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the YASMIN MARTIN team any time and we'll walk you through your options. |
|
|
You are receiving this from Yasmin Martin. Unsubscribe
|