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Mortgage Market Update
Jon Taw
Edge Home Finance
Thursday, August 20, 2026
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What's really behind your mortgage rate |
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Every week I work with homeowners who are surprised by how much their rate affects their bottom line. Let me explain why it matters.
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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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Mortgage Basics
Why your mortgage rate matters more than you think
Your interest rate isn't just a number on a piece of paper—it shapes your monthly payment, the total cost of your home, and how fast you build equity. Even a small difference in rate can mean thousands of dollars over the life of your loan. That's why it's worth understanding how rates work and where yours stands compared to what's available today. If you haven't reviewed your situation in a while, or if your financial picture has changed, it might be time for a fresh conversation. I'm here to walk you through your options and answer any questions you have.
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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 Jon Taw team any time and we'll walk you through your options. |
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4697801155 | jontaw.com
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