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Mortgage Market Update
My Mortgage Company
Annie Waneck — Annie Waneck
Saturday, August 1, 2026
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How much equity have you built in your home? |
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Hi there. This week I'm focusing on something many homeowners overlook: understanding and using the equity they've built.
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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 home equity might be worth more than you think
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. For many of you, especially if you've owned for a few years or your home's value has appreciated, that number could be significant. Knowing your equity matters because it opens doors: you might refinance into better loan terms, tap into a home equity line for major expenses, or have more flexibility if life circumstances change. The tricky part is that your home's value isn't fixed—it changes with your market. If you haven't checked your equity position lately, now's a good time. I'd love to walk you through what you have built and what options might make sense for your situation. Reach out and let's talk about your equity and what you could do with it.
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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
Annie Waneck — Annie Waneck
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