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Mortgage Market Update
Tony Recupero
Tony Recupero
Wednesday, August 19, 2026
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Do you know how much equity you have? |
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Hi there — this week I'm touching on something a lot of homeowners overlook but shouldn't: the wealth building quietly happening in their own homes.
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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 & Refinancing
Your home's equity might be worth more than you think
If you've owned your home for a few years, there's a good chance you've built up equity—the difference between what your home is worth and what you owe on your mortgage. That equity can be a real asset. Some homeowners tap into it through a cash-out refinance or a home equity line of credit to pay for renovations, consolidate debt, or cover major expenses. The catch is timing: you'll want to understand how your current loan terms compare to what's available now, and whether pulling out equity makes sense for your financial goals. It's not always the right move, but it's worth exploring if you're facing a big expense or thinking about improving your home. I'd be happy to walk you through your options and what the numbers might look like. Let's talk about whether tapping into your equity makes sense for you right now.
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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 Tony Recupero team any time and we'll walk you through your options. |
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