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Mortgage Market Update
Rhett Laufenburger
Rhett Laufenburger
Wednesday, August 19, 2026
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Do you know how much equity you've built? |
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Hi there. This week I want to remind you of something powerful that happens quietly over time when you own a 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 Building
Your home equity is probably larger than you think
One of the best parts of owning a home is that your mortgage payments go toward building wealth—your equity. As you pay down your loan balance and your home holds or gains value, you're accumulating real assets. Many homeowners don't realize how much equity they've built up, especially if they've owned their home for several years. That equity can be useful down the road, whether you need to tap it for a major expense, refinance into better terms, or leverage it toward an investment. It's worth taking a moment to understand what you have. I'd be happy to give you a clear picture of your equity position and talk through what options might make sense for your situation. Reach out anytime—I can walk you through where you stand with your home equity.
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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 Rhett Laufenburger team any time and we'll walk you through your options. |
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