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Mortgage Market Update
Scott McNeilly
Scott McNeilly
Wednesday, August 19, 2026
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Do you know how much equity you have? |
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Hi there—this week we're talking about one of the best parts of homeownership: the equity you're quietly building with every payment.
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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 equity might be bigger than you think
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. Over time, this becomes real wealth. If your home has appreciated or you've paid down your loan, you may have more equity than you realize. That matters because equity can unlock options: a home equity line of credit for major expenses, the ability to refinance into better terms, or simply the peace of mind that comes with owning more of your home outright. The first step is understanding where you stand. I'd be happy to walk through your situation and show you what options might make sense. Let's talk about how much equity you've built—reach out anytime.
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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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1.
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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 Scott McNeilly team any time and we'll walk you through your options. |
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