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Mortgage Market Update
My Mortgage Company
Ed Zuleger — Civix Project
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 that homeownership is one of the best wealth-building tools most of us have. Your home is quietly working for you.
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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 is working for you even when you sleep
Every mortgage payment you make builds equity—that's the portion of your home's value you actually own. Over time, as you pay down your loan balance and your home appreciates, your equity grows. This matters because it becomes a financial asset you can tap into for major life decisions, whether that's funding a home improvement, covering education costs, or refinancing at better terms down the road. If you've been in your home for a few years, you might have more equity than you realize. I'd love to run a quick analysis on your situation and show you what options that equity might unlock for you. Reach out and let's talk about how much equity you've built and what it means for your future.
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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
Ed Zuleger — Civix Project
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