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Mortgage Market Update
Eric Maza
Eric Maza
Saturday, August 1, 2026
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How much equity are you sitting on? |
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Hi there—this week I want to talk about something that builds quietly in the background of homeownership but can open real doors when you need it.
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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
Do you know how much equity you have?
If you've owned your home for a few years, you're probably sitting on more equity than you realize. Every mortgage payment builds it—and so does any appreciation in your home's value. That equity can be a powerful financial tool: it's what lets you refinance at better terms, take out a home equity line of credit, or build a down payment for an investment property. The tricky part? A lot of homeowners never actually figure out what their equity is worth. It takes just a quick conversation—we can pull your loan details and run the numbers based on your home's current market value. If you're curious whether your equity could work for you, I'd love to help you find out. Reach out and we can run a quick equity snapshot for you—no obligation.
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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 Eric Maza team any time and we'll walk you through your options. |
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