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Mortgage Market Update
Jon Sanderson
Jon Sanderson
Wednesday, August 19, 2026
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What's your home equity worth to you? |
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Hi there—this week I want to touch on something that often flies under the radar for homeowners, but shouldn't. Your home equity is real wealth, and it's worth understanding.
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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 & Opportunity
Your home equity might be worth more than you think
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 owe on it. This equity can be a powerful financial tool. Some borrowers use it to fund home improvements, pay off higher-interest debt, or cover major expenses. Others tap it strategically when life circumstances change. The key is understanding what you have and exploring your options without rushing into anything. If you're curious about your equity position and what it could mean for your situation, I'd love to walk you through it with you. There's no obligation—just clarity. Reach out if you'd like to talk through your home's equity and what options might be available to you.
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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 Jon Sanderson team any time and we'll walk you through your options. |
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