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Mortgage Market Update
Naikeya Haley
Naikeya Haley
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hi there—I'm sharing one insight each week to help you make smarter money moves with your home. This week, we're talking about equity.
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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—here's how much
Every mortgage payment you make builds equity in your home. That's real wealth sitting in your walls. If you haven't checked your home's value or thought about how much you've paid down, now's a good time. You might have more equity than you realize—which opens doors to refinancing options, home improvements, or even accessing cash for life's bigger moments. The amount of equity you have affects your borrowing power and your financial flexibility. Whether you're thinking about your next move or just curious where you stand, I'd love to help you run the numbers and see what options might make sense for your situation. Let's talk about your equity and what it means for your financial picture.
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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 Naikeya Haley team any time and we'll walk you through your options. |
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