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Mortgage Market Update
My Mortgage Company
Lynn Berry — Ryan Berry
Saturday, August 1, 2026
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How much home equity have you built? |
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Hi there,
I wanted to check in with something that matters to your wallet: the equity you've been building all along.
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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 Building
Your mortgage is doing more than you think
Every payment you make builds equity in your home—that's the difference between what your house is worth and what you still owe. Most homeowners don't realize how much equity they've accumulated until they need it. Whether you're thinking about a home improvement project, facing an unexpected expense, or curious about your financial position, knowing your equity gives you options. You might qualify for a home equity line of credit, a cash-out refinance, or other solutions. The first step is simple: let's pull together what you have so far and talk about what comes next. Reach out and I'll give you a clear picture of your equity position and what it could mean for you.
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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
Lynn Berry — Ryan Berry
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