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Mortgage Market Update
Caitlin Garner
Caitlin Garner
Wednesday, August 19, 2026
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What's your home actually worth to you right now? |
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Hi there. This week I want to talk about something that's quietly working in your favor every single month.
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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 — you're paying down principal while your home itself may be appreciating. That's a powerful combination. Understanding your equity matters because it opens doors: you can tap it for major expenses, use it to eliminate PMI if you're close to 20% down, or leverage it when you're ready to buy again. The longer you stay in your home and the more principal you pay off, the stronger your financial position becomes. I'd love to run the numbers on your situation and show you exactly where your equity stands today. Reach out and let's talk about what your equity means for your next move.
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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 Caitlin Garner team any time and we'll walk you through your options. |
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