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Mortgage Market Update
The Dendy Team
The Dendy Team
Thursday, August 20, 2026
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Home sales holding steady despite high rates |
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We've got good news from the latest market data: the housing market is proving more resilient than many expected, even with mortgage rates staying elevated. Here's what's actually happening out there.
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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 & Refinancing
Your equity might be worth a conversation
If you've been in your home for a few years, there's a good chance you've built meaningful equity—even if you haven't thought about it recently. That equity can open doors: a cash-out refinance to fund home improvements, consolidate debt, or cover life expenses. A rate-and-term refinance might lower your monthly payment or shorten your loan term. The catch is timing. Rates and your financial picture both matter. A quick conversation costs nothing and can help you understand whether tapping your equity or refinancing makes sense right now. I'm here to walk you through your options, no pressure.
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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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Mortgage News Daily
Existing-home sales dipped just slightly in July but stayed above where they were a year ago, showing the market is holding its ground despite mortgage rates staying elevated. The National Association of REALTORS reports sales fell 1.7% from June to an annual rate of 4.06 million homes, but that's actually 0.7% better than July of last year. This tells us buyers are still out there—they're just being more selective.
| Key takeaway: if you've been waiting for a "better market," the current stability suggests now is as reasonable a time as any to make your move. |
Read full article →
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Mortgage News Daily
After a softer May, new home construction sales picked up in June, rising 1.6% as builders started moving inventory again. However, sales are still running about 5.6% below where they were a year ago, reflecting ongoing challenges from elevated mortgage rates and affordability constraints. This gives you a clearer picture: builders are cautiously optimistic, but demand remains pressure-tested.
| Key takeaway: new home inventory is moving, which could mean better selection and potentially more negotiating room for buyers in the coming months. |
Read full article →
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Mortgage News Daily
Home prices are growing, but not evenly—and not faster than inflation, which matters for your wallet. Both major price indices showed modest appreciation in May, with annual growth ticking up slightly from April, but regional performance continues to vary widely. This means where you buy still makes a huge difference in how your home's value grows over time.
| Key takeaway: if you're considering a move, research your specific local market because national trends don't tell the whole story. |
Read full article →
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Mortgage News Daily
Residential construction bounced back strongly in June after a weak May, with housing starts jumping 19% as builders regained momentum. Interestingly, building permits have trended lower, suggesting builders are being selective about starting new projects—they're building what they're more confident will sell. This balancing act between supply and caution could work in your favor.
| Key takeaway: steady construction activity means more homes coming to market over the next several months, which can help ease tight inventory issues. |
Read full article →
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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 The Dendy Team team any time and we'll walk you through your options. |
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230 Franklin Road, Bldg 2, Franklin, Tennessee, 37064
6154996335 | michaeldendy.com
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