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Mortgage Market Update
My Mortgage Company
Trevor Flaten
Wednesday, August 19, 2026
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How much equity have you built? |
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Hi there, I hope you're having a solid week. Today I want to talk about something that's quietly working in your favor.
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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 is working for you every month
One of the best parts of homeownership that often goes unnoticed is how your regular mortgage payment builds equity automatically. With each payment you make, a portion goes toward principal—meaning you're building ownership stake in your home, separate from any market appreciation. Over time, this adds up meaningfully. And if your home's value has moved since you bought, you may have even more equity than your payments alone created. Understanding what you've built is important, especially if you're thinking about refinancing, making a major purchase, or just wanting to know where you stand financially. I'd be happy to give you a clear picture of your equity position and what options that might open up. Let's take a look at what you've built—reach out anytime and we can walk through your equity and what it means for your next move.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Trevor Flaten
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