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Mortgage Market Update
Anthony Patton
Anthony Patton
Wednesday, August 19, 2026
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How much equity are you building each month? |
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Hi there—this week I want to remind you of something powerful that happens quietly in the background of homeownership. Your monthly payment is doing more than just paying down interest; it's building real wealth.
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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 is working for you every month
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you owe. Over time, this becomes real wealth. The longer you own, the more equity you accumulate, and that opens doors: you can borrow against it for repairs or major expenses, use it toward a down payment on another property, or simply benefit from it when you sell. Market changes affect your home's value, but your payments? Those are locked in and steady. It's one of the smartest reasons homeownership beats renting. If you're curious about how much equity you've built so far, or whether tapping into it makes sense for your situation, I'd love to walk you through it. Let's talk about your equity and what it might mean for your financial 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 Anthony Patton team any time and we'll walk you through your options. |
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