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Mortgage Market Update
YASMIN MARTIN
Yasmin Martin
Wednesday, August 19, 2026
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How much equity do you have right now? |
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Hi there. This week I want to touch on something many homeowners overlook: the equity they've quietly been building in their home.
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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 Awareness
You might have more equity than you think
If you've owned your home for a few years and made regular payments, you've likely built equity—the difference between what your home is worth and what you owe on your mortgage. That equity is real money sitting in your property. Some borrowers don't realize how much they've accumulated, especially if their home has appreciated or they've paid down principal steadily. Knowing your equity matters because it opens doors: you could refinance into better terms, tap that equity for a home improvement or large expense, or simply feel more confident about your financial position. I'd encourage you to take a closer look at where you stand. If you're curious about your equity or wondering what options might be available to you, let's talk. Give me a call or send a message—I can help you figure out what your equity 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 YASMIN MARTIN team any time and we'll walk you through your options. |
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