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Mortgage Market Update
My Mortgage Company
Angela Maw — RISE Lending
Saturday, August 1, 2026
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How much equity have you built? |
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Hi there—it's time to check in on something many homeowners overlook. We're diving into home equity this week and why it matters to your wallet.
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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
What your home equity means right now
If you've owned your home for a few years, you've likely built up equity—the difference between what your home is worth and what you still owe on your mortgage. This matters more than you might think. Your equity can be a financial cushion, a source of funds for major expenses or improvements, or even a path to better loan terms if rates drop and you refinance. The longer you own your home and the more you pay down your principal, the more equity you accumulate. And if your home's value has risen, that adds to it too. Understanding your equity position helps you make smarter decisions about whether to refinance, tap into a home equity line of credit, or simply stay the course. I'd love to help you figure out where you stand and what options might make sense for your situation. Let's talk about your equity and what it could mean for your financial goals.
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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
Angela Maw — RISE Lending
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