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Mortgage Market Update
David Smith
David Smith
Wednesday, August 19, 2026
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Do you know how much equity you have? |
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Hi there—this week I want to talk about something a lot of homeowners overlook: what their home is actually worth today.
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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 Check
Your home may be worth more than you think
If you bought a few years ago or made significant improvements, your home's value has likely changed—often for the better. That difference between what you owe and what your home is worth is equity, and it's yours. Some people discover they have enough equity to refinance, take out a home equity loan, or even skip PMI if they're close to that threshold. The catch is you won't know unless you look. A quick appraisal or even a local market check can tell you where you stand. If you're curious about your equity position and what options might be available, I'd be happy to walk you through it. Reach out and we can discuss what your equity means for your financial picture.
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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 David Smith team any time and we'll walk you through your options. |
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