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Mortgage Market Update
Andrew King
Andrew King
Wednesday, August 19, 2026
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Your home's equity: what can it do? |
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Hi there. This week I want to talk about something a lot of homeowners overlook—the real money they've already built up in their homes.
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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 Insight
Your home's equity can work harder for you
If you've owned your home for a few years, there's a good chance you've built real equity—the difference between what your home is worth and what you still owe. A lot of homeowners don't realize they can tap that equity to pay for major expenses, consolidate debt, or even fund home improvements that add value back. The two main ways to access it are a home equity loan or a line of credit. Both have different structures and costs, so it matters to understand which fits your situation. If you're curious whether your equity could help you right now, I'd love to walk you through the options and run some numbers together. Reach out if you'd like to explore how your home's equity might work 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 Andrew King team any time and we'll walk you through your options. |
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