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Mortgage Market Update
Patrick Culleton
Patrick Culleton
Wednesday, August 19, 2026
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What's your equity actually worth to you? |
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Hello, I hope you're settling into the week. I wanted to touch on something that comes up often—and for good reason.
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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 Access
What you can do with home equity
If you've been a homeowner for a while, you likely have equity built up in your property. That's real money you own, and depending on your situation, it can be useful. Some borrowers tap into their equity for major home repairs, education costs, or consolidating debt. Others leave it alone and focus on building more. There's no one-size-fits-all answer, but understanding your options is the first step. The programs available to access equity—and when it makes sense to use them—depend on your unique circumstances. I'd like to walk you through what's realistic for your situation and what makes financial sense for your goals. Let's talk about whether accessing your equity makes sense 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 Patrick Culleton team any time and we'll walk you through your options. |
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