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Mortgage Market Update
Jessica Glaeser
Thursday, August 20, 2026
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Do you know how much equity you've built? |
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Hi there—this week I want to talk about something many homeowners overlook: the real value you're building in your home. Let me explain what it means and why you should care.
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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 Basics
Your home's equity is real money—here's why it matters
As a homeowner, you're building equity with every mortgage payment you make. That's the difference between what your home is worth and what you still owe on your loan. Over time, as you pay down your balance and your home appreciates, that equity grows into genuine financial flexibility. Some borrowers use it to fund home improvements, pay for education, or handle unexpected expenses. Others tap into it through refinancing or a home equity line of credit when rates and terms make sense. The key is understanding that equity isn't just a number on paper—it's an asset you're building month by month. If you're curious about how much equity you may have built or what options might be available to you, I'd love to walk through it together. Send me a message if you'd like to talk about your home's equity and what it could mean for your financial goals.
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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 Jessica Glaeser team any time and we'll walk you through your options. |
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