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Mortgage Market Update
Derek Mollin
Derek Mollin
Wednesday, August 19, 2026
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What's your home actually worth right now? |
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Hi there,
This week I want to talk about something many homeowners overlook: the real money building up in your property.
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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
Your home's value is working for you
If you've owned your home for a few years, you likely have built equity—the difference between what your home is worth and what you still owe. That's real wealth sitting in your property, and it opens doors you might not realize are available. Whether you're thinking about a major home project, consolidating high-interest debt, or just want to understand your financial position better, knowing your equity is the first step. Some homeowners are surprised to learn they have options they've never considered. I'd love to have a conversation about where you stand and what your equity might mean for your future plans. Let's talk about what your home's equity could do for you—just give me a call or send a message.
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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 Derek Mollin team any time and we'll walk you through your options. |
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