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Mortgage Market Update
Daniel Greer
Daniel Greer
Thursday, August 20, 2026
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How much equity have you built? |
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I hope you've had a good week. Today I want to remind you of something that quietly works in your favor every single month.
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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 working for you while you sleep
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you owe. Most people think of equity only when they're ready to sell, but it's a tool you can tap into well before that. Whether you're thinking about a home improvement project, consolidating debt, or covering a big expense, your equity can become accessible through a home equity line of credit or a cash-out refinance. The sooner you understand how much equity you've built, the sooner you can decide if tapping into it makes sense for your situation. If you haven't checked in on your home's value in a while, it might be worth a conversation. Let's talk about your equity and what options might be available to 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 Daniel Greer team any time and we'll walk you through your options. |
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