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Mortgage Market Update
Pia Harriman
Pia Harriman
Wednesday, August 19, 2026
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Do you know how much equity you have? |
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I work with homeowners who sometimes don't realize how much financial flexibility they've built into their homes. This week, I want to help you understand yours.
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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 Check
Your home equity might be doing more for you than you think
If you've owned your home for a few years, you likely have built up equity—the difference between what your home is worth and what you still owe. This equity can be a powerful financial tool. Some homeowners use it to fund renovations, pay down higher-interest debt, or cover unexpected expenses through a home equity line of credit or cash-out refinance. The key is understanding how much equity you actually have and whether tapping into it makes sense for your situation. Every homeowner's circumstances are different, and the right move depends on your goals, timeline, and comfort level. I'd be happy to walk you through your options and help you figure out if your equity can work harder for you. Let's talk about what your equity could mean for your financial picture.
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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 Pia Harriman team any time and we'll walk you through your options. |
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