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Mortgage Market Update
Tania Pomeroy
Barrett Financial Group
Wednesday, August 19, 2026
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Your equity could work harder for you |
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Hi there — I want to touch on something many homeowners overlook: the equity they've built can be a useful financial tool when the timing is right.
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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 Access
When tapping your home equity makes sense
If you've been a homeowner for a few years, you likely have equity built up — that's the difference between what your home is worth and what you owe on it. One smart way to use that equity is a cash-out refinance, where you refinance your mortgage for more than you owe and take the difference as cash. People use it for home improvements, debt consolidation, or major expenses. It's not right for everyone, but it's worth considering if rates or your situation have shifted since you bought. The key is making sure the numbers work in your favor — lower rates, better terms, or a clear plan for that cash can all tip the scale.
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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 Tania Pomeroy team any time and we'll walk you through your options. |
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2701 East Insight Way #150, Chandler, AZ 85286
+1 775-813-9676
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