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Mortgage Market Update
My Mortgage Company
Travis Lang — Travis Lang
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hi there—I hope you've been settling into spring. This week I want to help you understand one of the most powerful tools you already own.
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National Mortgage Rates · July 30, 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 Check
Do you know how much equity you've built?
If you've owned your home for a few years, there's a good chance you have more equity than you realize. Equity is the difference between what your home is worth and what you still owe on your mortgage. As you make payments, that gap grows—and so does your financial cushion. Knowing your equity matters because it opens doors: you might qualify for a cash-out refinance to fund home improvements, pay off debt, or cover major expenses. Even if you're not ready to tap into it yet, understanding your equity is a smart first step to building wealth. Let's talk about what you might be sitting on. I'd be happy to walk you through a quick equity estimate—just reach out anytime.
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Tip of the Week
Landscaping maintenance protects your home's value — overgrown yards are the number one curb appeal issue buyers notice.
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Tips for Homeowners
HOA Fees and How They Affect Your Mortgage
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1.
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HOA dues are included in your debt-to-income ratio calculation when you apply for a mortgage. High HOA fees reduce how much home you can qualify for.
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2.
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Before buying in an HOA, review the financials: reserve fund balance, any pending special assessments, and recent meeting minutes. A depleted reserve fund can mean a large unexpected charge.
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3.
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HOA dues are generally not tax-deductible for a primary residence. If the home is a rental property, dues may be deductible as a business expense.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Travis Lang — Travis Lang
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