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Wednesday, August 19, 2026 |
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A Note From Tim Powers
A quick market update for my past clients and friends
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Mortgage Market Update
Your loan program might not be your only option
Hi there—I hope things are going well. This week I want to touch on something that doesn't always get a lot of attention, but it should.
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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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Loan Programs
The loan program that might fit you better
Not all mortgages work the same way, and the program you choose can shape your monthly payment, how long you're paying, and what flexibility you have down the road. Some borrowers do well with fixed rates for the stability. Others benefit from programs designed for specific situations—whether you're putting down less than twenty percent, buying a second home, or refinancing to pull out equity. The right choice depends on your timeline, cash flow, and goals. If you're curious whether your current loan is still the best fit, or if you're shopping around, I'm happy to walk through the options that might work for your situation.
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Tip of the Week
Inspect your attic insulation. Proper insulation reduces heating and cooling costs and can prevent ice dams on your roof.
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Tips for Homeowners
Fall Home Prep: Heating, Safety & Systems
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Have your heating system serviced before it's needed. A furnace failure in winter is an emergency — routine maintenance costs far less than emergency repairs.
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2.
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Test smoke detectors and carbon monoxide detectors and replace batteries. Carbon monoxide poisoning risk rises when heating systems run more frequently.
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3.
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Drain and shut off exterior faucets and sprinkler systems before the first freeze to prevent burst pipes — one of the most expensive and disruptive homeowner emergencies.
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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 Tim Powers team any time and we'll walk you through your options.
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16427 N Scottsdale Rd Ste 410, Scottsdale, AZ 85254
+1 253-209-4247
Tim Powers · Unsubscribe
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