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Mortgage Market Update
My Mortgage Company
Ashley McKown — Ashley McKown
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hi there,
This week I want to remind you about something powerful that's probably happening in the background of your mortgage: equity building.
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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
How much equity are you sitting on?
Every mortgage payment you make builds equity in your home—that's the difference between what your house is worth and what you still owe. It's easy to forget about this as you're paying your loan each month, but equity matters. It can become a resource if you need cash for major repairs, education, or other goals. Some borrowers find they've built enough equity to refinance into better terms, take out a home equity line, or even skip PMI if they started with a smaller down payment. The best part? You don't have to do anything special to build it. You're already doing it. If you're curious about what your equity position looks like right now, I'd love to run a quick analysis for you. Reach out anytime—I can give you a clear picture of your equity and what options might be available to 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
Ashley McKown — Ashley McKown
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