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Mortgage Market Update
Erik Olson
Erik Olson
Wednesday, August 19, 2026
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Do you know how much equity you have? |
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Here's what I'm seeing this week and why it might matter for your finances.
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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 & Options
Your home's equity might be worth more than you think
If you've owned your home for a few years, you likely have equity built up—the difference between what your home is worth and what you still owe. That equity can be useful if you need cash for a major expense, home repairs, or even to consolidate debt at a better rate. The way you access it matters, though. Some options tie up your monthly payment; others don't. The right choice depends on your timeline and how you plan to use the money. If you're curious about what your equity might be worth or how to use it smartly, I'd love to walk through the options with you. There's no obligation—just a conversation about what makes sense for your situation. Reach out if you'd like to talk about your home's equity and what it could mean for you.
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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 Erik Olson team any time and we'll walk you through your options. |
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