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Mortgage Market Update
Edgar Franco
Edgar Franco
Wednesday, August 19, 2026
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How much equity are you building right now? |
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Hi there. This week I want to remind you of something that happens automatically every time you make a mortgage payment.
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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
One of the best parts of owning a home is that your mortgage payment does double duty. Part of what you pay goes toward interest, sure—but the rest goes straight toward building equity in your home. That's real ownership growing in your account, month after month. The longer you own, the more equity you accumulate. And here's the thing: if your situation changes down the road—whether you want to refinance, take out a home equity line, or sell—that equity becomes an asset you can actually use. It's one of the reasons homeownership beats renting for so many people. If you're curious about how much equity you may have built up, or what that might mean for your financial options, I'd love to walk through it with you. Let's talk about what your equity could do 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 Edgar Franco team any time and we'll walk you through your options. |
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