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Mortgage Market Update
Joseph R Garner
Joseph R Garner
Wednesday, August 19, 2026
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How much equity have you built up? |
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Hi there—this week I want to remind you that homeownership is one of the most powerful wealth-building tools available. Here's why your equity matters.
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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 equity is working harder than you think
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe. Over time, this becomes real wealth. But equity sits idle unless you know how to use it. Some borrowers tap equity through refinancing or a home equity line of credit when they need cash for repairs, education, or debt consolidation. Others simply watch it grow as a long-term asset. The key is understanding what you have and whether it makes sense for your situation. If you're curious about how much equity you've built or whether a move makes sense right now, I'd love to walk through the numbers with you. Let's talk about your equity and what it might mean for your goals.
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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 Joseph R Garner team any time and we'll walk you through your options. |
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