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Mortgage Market Update
Allie Stevens
Allie Stevens
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 help you see what's actually working in your favor as a homeowner. If you've been in your house for a while, you may have more financial flexibility than you realize.
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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
What's your home really worth to you now?
If you've owned your home for a few years, you've likely built equity—the difference between what your home is worth and what you still owe. That equity can be a financial tool. Some people use it to refinance into better loan terms, cover major expenses, or fund home improvements that increase value further. Others tap it through a home equity line of credit or loan when life happens. The catch is you won't know what you're working with unless you check. A rough estimate based on recent sales in your neighborhood is a good start, but I can help you get a clearer picture of both your equity position and whether borrowing against it makes sense for your situation. Let's talk about what your equity means for your next move.
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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 Allie Stevens team any time and we'll walk you through your options. |
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