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Mortgage Market Update
Shannon Palmer
Shannon Palmer
Wednesday, August 19, 2026
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What's your home equity really worth? |
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Hi there. This week I want to talk about something that often flies under the radar for homeowners: the equity you've already built.
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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 Awareness
Do you know how much home equity you have?
If you've been paying your mortgage for a few years, you likely have equity built up—the difference between what your home is worth and what you still owe. A lot of homeowners don't realize they have this asset available to them. Whether you're thinking about a major renovation, consolidating debt, or just want to know where you stand, understanding your equity is a smart first step. It can open doors you didn't know existed. I'm happy to run the numbers and show you exactly what you're working with. Reach out anytime—there's no obligation to explore what your equity might mean 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 Shannon Palmer team any time and we'll walk you through your options. |
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