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Mortgage Market Update
Max Lloyd
Max Lloyd
Wednesday, August 19, 2026
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When to borrow against your home's equity |
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Hi there—I want to share something I'm discussing with a lot of homeowners right now: knowing when to use the equity you've built.
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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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Smart Money Moves
Should you tap your equity now?
If you've been a homeowner for a few years, you likely have equity sitting in your home—money you've built through payments and any appreciation. The question isn't whether you have it; it's whether now makes sense to use it. A cash-out refinance or home equity line of credit can fund renovations, consolidate debt, or cover major expenses. But timing and your financial picture matter. The right move depends on your goals, how long you plan to stay in your home, and whether borrowing against equity aligns with your overall plan. I'd be happy to walk through your options and what the numbers might look like 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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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 Max Lloyd team any time and we'll walk you through your options. |
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2488261172 | lloydlendingteam.com
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