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Mortgage Market Update
Jill Underwood
Your Mortgage Queen LLC
Wednesday, August 19, 2026
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What to do with unexpected cash |
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Hi there—this week I want to talk about a decision many of my clients face when they have extra money on hand. It's easier to decide when you understand the tradeoffs.
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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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Smart Money
What to do when you have extra cash
If you've gotten a bonus, tax refund, or inheritance, you're facing a choice: invest it, save it, or put it toward your home. There's no universal right answer, but it's worth thinking through. Some people use extra funds to pay down their mortgage principal—which reduces interest paid over time and builds equity faster. Others prefer to keep that liquidity for emergencies or opportunities. The key is understanding how your mortgage works and what makes sense for your financial picture. I'm happy to walk through the math with you, whether that's showing how extra payments affect your loan or discussing whether refinancing makes sense alongside your payoff strategy.
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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 Jill Underwood team any time and we'll walk you through your options. |
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410 SE 3rd Street, Suite C-109, Lees Summit, MO 64063
(913) 915-0150 | yourmortgagequeen.net
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