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Mortgage Market Update
Lynnsy Hamilton-Obert
Lynnsy Obert
Wednesday, August 19, 2026
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What can you do with your home equity? |
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Every month you pay your mortgage, you're building wealth. But most homeowners don't think much about how to use that wealth when they need it.
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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
Your home equity can work for you
If you've been paying your mortgage for a few years, you likely have equity built up. That equity isn't just a number on paper—it can be a real tool for major expenses, debt consolidation, or home improvements. There are a few ways to tap into it: a cash-out refinance, a home equity loan, or a line of credit. Each works differently depending on your situation, your rate environment, and how much you need. The key is understanding which option makes sense for your goals before you move forward. If you're curious whether tapping your equity is the right move for you right now, I'd be happy to walk through the options. Let's talk about whether accessing your equity makes sense for your plans.
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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 Lynnsy Hamilton-Obert team any time and we'll walk you through your options. |
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