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Mortgage Market Update
Dylan Kirby
Dylan Kirby
Thursday, August 20, 2026
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How much equity are you sitting on? |
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Hi—this week I want to talk about something a lot of homeowners overlook: the equity building quietly in their home. Here's what you need to know.
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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 Building
Your home is probably worth more than you think
If you've owned your home for a few years, chances are you've built up meaningful equity—the difference between what your home is worth and what you owe on it. That equity is real money sitting in your property, and it can work for you in several ways: you might refinance into better terms, borrow against it for major expenses or improvements, or simply feel more secure knowing you own a bigger piece of your home each month. The catch is that many homeowners don't know their current equity position because they haven't had their home valued recently. If it's been a while since you last checked, I'd encourage you to get a rough sense of your home's value today. It might open up options you didn't realize were available to you. Let me know if you'd like to discuss how your equity could be working harder for 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 Dylan Kirby team any time and we'll walk you through your options. |
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