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Mortgage Market Update
The Dendy Team
The Dendy Team
Wednesday, August 19, 2026
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Home sales holding steady despite rate headwinds |
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We're halfway through the year and the market is sending mixed signals—some good news on sales activity, some caution on affordability. Here's what's actually happening in your neighborhood and what it means for your next move.
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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 equity might be worth a conversation
If you've been in your home for a few years, there's a good chance you've built meaningful equity—even if you haven't thought about it recently. That equity can open doors: a cash-out refinance to fund home improvements, consolidate debt, or cover life expenses. A rate-and-term refinance might lower your monthly payment or shorten your loan term. The catch is timing. Rates and your financial picture both matter. A quick conversation costs nothing and can help you understand whether tapping your equity or refinancing makes sense right now. I'm here to walk you through your options, no pressure.
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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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Mortgage News Daily
Existing-home sales barely budged in July, dipping just 1.7% from June while still running ahead of last year's pace. Even with mortgage rates elevated, buyers and sellers continue to move forward, proving the market isn't as fragile as some feared.
| Key takeaway: if you've been waiting for panic pricing or a buyer's paradise, the stable sales data suggests the market isn't moving in that direction anytime soon. |
Read full article →
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Mortgage News Daily
New home construction rebounded in June as builders and buyers shook off May's weakness, though sales remain below last year's levels. The modest improvement suggests builders are finding ways to manage affordability—like rate buydowns—to keep deals moving.
| Key takeaway: if you're shopping new construction, builders are still looking for ways to make deals work, which may mean room to negotiate on pricing or incentives. |
Read full article →
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Mortgage News Daily
Home prices ticked up modestly in May, though appreciation remains slower than inflation nationwide. The story varies sharply depending on where you live—some regions are outpacing inflation while others are barely moving.
| Key takeaway: before assuming the market is heating up, check what's actually happening in your specific area, because national trends can mask big local differences. |
Read full article →
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Mortgage News Daily
Housing starts jumped significantly in June after a weak May, showing that builders are still willing to build despite cautious outlook. Permit approvals are slowing, though, suggesting builders may be pumping the brakes on future projects.
| Key takeaway: fresh inventory is still being added to the market, but at a measured pace that likely won't spark a sudden flood of new homes anytime soon. |
Read full article →
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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 The Dendy Team team any time and we'll walk you through your options. |
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230 Franklin Road, Bldg 2, Franklin, Tennessee, 37064
6154996335 | michaeldendy.com
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