ALL ABOUT NOTES
NEWSLETTER – August 2026
Welcome to August and unfortunately the end of summer! We hope you were able to find some time to enjoy a relaxing vacation with family or friends!
With the August newsletter, we will be focusing on Managing your Note. Over the past year, we have written several articles about the steps required in managing your Note. With the August newsletter, we have pulled together a few articles talking about different important elements of maintaining your Note value. Selected articles include a high-level maintenance checklist, payment histories, escrow accounts, safeguarding documents and servicers. This newsletter is a single source guide for managing your existing Note!
Please read on to learn more about Managing your Note!
MONTHLY FOCUS ITEMS
What should I be doing to manage my Note?
Why do I need to keep copies of payments? Where is the original paperwork associated with my Note? Borrower just called and said they had a fire, is the insurance current? I need to contact my borrower, why can I not reach them? To avoid these pitfalls and many others, develop a process to complete key maintenance items to ensure the success of your Note!
Why are Note payment histories are so important?
Why are payment histories so important and how they can help or hurt my investment? Why should I keep track of my borrower payments? Why should I charge late fees? Why should I not collect cash? Do I really need a separate bank account for my business? Read on to learn more about the importance of payment histories to your Note’s investment value!
Benefits of Escrow Accounts for Taxes and Insurance
What happens if a borrower forgets to pay property taxes or lets homeowners’ insurance lapse? The answer can be costly for everyone involved. Fortunately, escrow accounts provide a simple solution that helps prevent these problems before they occur.
Why Secure Storage of Original Mortgage Note is Important?
Need money now and have decided to sell your mortgage note? Estate planning for transfer of assets? Borrower delinquent and need to foreclose? These are some reasons you need to keep the Original Mortgage Note stored safely. You need the document as proof of borrower obligation and your right to receive payments.
How can a Servicer help to maintain my Note and free up my time?
Ever get tired of the administrative steps to support your Note? Is there a way to minimize communication with my borrower? What exactly are the reporting requirements for my state? Why has my borrower not paid and what can I do to restore the monthly payments? When I am gone, who in my family is ready to step in and manage my long-term Note? If you have any considered any of these items, a Servicer may be the solution you need!
MORTGAGE RATE UPDATE * (08/13/26)
Mortgage Rates Average 6.67%
Mortgage rates remained relatively stable this week at 6.67%. Housing affordability has improved from a year ago, and recent increases in purchase and refinance applications suggest that borrowers continue to respond to even modest changes in mortgage rates.
- The 30-year fixed-rate mortgage averaged 6.67% as of August 13, 2026, down from last week when it averaged 6.69%. A year ago at this time, the 30-year FRM averaged 6.58%.
- The 15-year fixed-rate mortgage averaged 5.96%, down from last week when it averaged 6.01%. A year ago at this time, the 15-year FRM averaged 5.71%.
* Source -FREDDIE MAC
Our goal with the monthly newsletter is to combine some unique insight, helpful tips and market information in an easy-to-read format to help you with managing your Note investment. We have been working with Note investors for years and hope that this insight is helpful and on point!
We hope you have enjoyed the August 2026 newsletter and gained a great understanding of Managing your Note!
Thanks,
THE PEAK-NOTES TEAM
John Knoblich
Karen Worthington
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