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Mortgage Market Update
Jim Hoggan
Jim Hoggan
Wednesday, August 19, 2026
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How much home equity do you actually have? |
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This week I want to talk about something that builds quietly in the background of homeownership but can make a real difference in your financial life. Let me explain.
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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 Awareness
Your home is building wealth—here's why it matters
Every mortgage payment you make builds equity in your home. That's the difference between what your house is worth and what you still owe on it. Over time, as you pay down your loan and your home appreciates, that equity grows—and it can become a valuable financial tool when you need it. Whether you're thinking about a major home project, consolidating debt, or handling an unexpected expense, understanding your equity position helps you make smarter decisions. If you've been in your home for a few years, you might be surprised by how much equity you've built up. I'd love to walk you through where you stand and talk about whether tapping that equity makes sense for your situation. Reach out anytime—I can give you a quick picture of your equity and what it might mean for you.
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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 Jim Hoggan team any time and we'll walk you through your options. |
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