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Mortgage Market Update
Alvin Ransom
Alvin Ransom
Saturday, August 1, 2026
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How much equity have you built? |
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Hi there—this week I want to remind you of something powerful that's been quietly working in your favor since you closed on your home.
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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
You're building wealth faster than you think
Every mortgage payment you make does two things: it covers interest, and it builds equity in your home. Over time, that second part grows. If you've owned your home for a few years, you likely have more equity than you realize—especially if your home has appreciated in your area. Why does this matter? That equity can open doors. It might let you refinance into better terms, tap into a home equity line for major expenses, or give you options down the road. The first step is knowing what you have. I can pull a quick valuation and run the numbers with you—no obligation, just clarity.
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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 Alvin Ransom team any time and we'll walk you through your options. |
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Dallas, TX
(469)-564-1633 | https://alvinransom.theradcrm.com
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