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Mortgage Market Update
James J Tyrrell III
Coast2Coast Mortgage LLC
Thursday, August 20, 2026
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What your home equity actually means |
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Hi there. I've been thinking about one of the most overlooked advantages of owning a home—and I wanted to share some clarity on how it could work for you.
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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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Home Equity
Your equity is money you actually own
One of the biggest wins of homeownership is that every payment you make builds equity — the difference between what your home is worth and what you owe on your mortgage. The longer you own, the more equity grows. That equity can become real money if you need it: through a cash-out refinance, a home equity line of credit, or eventually when you sell. Many homeowners don't realize how much financial flexibility this creates. Understanding your equity position isn't just interesting—it's the foundation of smart financial planning. If you're curious about what your equity could mean for your situation, I'd love to walk through the numbers with you.
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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 James J Tyrrell III team any time and we'll walk you through your options. |
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(954) 695-5801 | https://jamestyrrell.theradcrm.com/home
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