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Mortgage Market Update
Steven Cooper
Steven Cooper
Saturday, August 1, 2026
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Do you know how much equity you've built? |
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Hi there. This week I'm thinking about something a lot of homeowners overlook: knowing exactly what their equity is worth. Here's why it matters to you.
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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?
Your home equity—the difference between what your house is worth and what you owe on it—is one of your strongest financial tools. As you make monthly payments, you're building wealth. Plus, if your home's value has appreciated since you bought it, that's equity too. Knowing your number matters because it opens doors: you might qualify for a cash-out refinance, a home equity line of credit, or better loan terms on a future purchase. Even if you're not planning to tap into it right now, it's worth understanding where you stand. I'd be happy to walk through a quick equity review with you—no obligation, just clarity. Let me help you figure out your current equity position.
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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 Steven Cooper team any time and we'll walk you through your options. |
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1166 E Warner Rd, Suite 101P Gilbert, AZ 85296
480-720-4857 | https://artemismtg.com/
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