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Mortgage Market Update
J. Aaron Kapp
John Hudson
Wednesday, August 19, 2026
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Do you know how much equity you've built? |
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Hi there. This week I'm walking through a topic that often gets overlooked: understanding the equity in your home and what it can do for you.
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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 & Cash
How much home equity do you actually have?
If you've owned your home for a few years and made payments, there's a good chance you've built equity—the difference between what your home is worth and what you still owe. This matters because equity can be a financial resource. Some homeowners use it to fund major expenses, consolidate debt, or invest in their property. The first step is getting honest about your number: you'll need a current home value estimate and your remaining loan balance. Once you know what you have, we can talk about whether tapping into it makes sense for your situation. It's not right for everyone, but it's worth knowing what's available to you. Let's sit down and figure out your equity position—I can walk you through the numbers.
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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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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 J. Aaron Kapp team any time and we'll walk you through your options. |
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