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Mortgage Market Update
Matthew Scalese
Matthew Scalese
Wednesday, August 19, 2026
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Have you checked your home equity lately? |
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Hello! This week we're talking about something that quietly works in your favor every single month. I hope this note finds you well.
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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 is working for you every month
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. It's one of the most underrated benefits of homeownership, and it happens whether you're paying attention or not. Over time, as you pay down your loan balance, your equity grows. It can also grow if your home appreciates. This equity becomes real money you can tap into if you need it, whether for home improvements, education, or emergencies. The sooner you understand how much equity you've already built, the sooner you can make smarter decisions about your money and your future. Let's talk about what your home equity means for you—reach out anytime.
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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 Matthew Scalese team any time and we'll walk you through your options. |
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