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Mortgage Market Update
Max Lloyd
Max Lloyd
Saturday, August 1, 2026
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What's your home's equity worth right now? |
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Markets move, life happens, and your finances shift with it. Here's what matters to your wallet this week.
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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
Your home's equity is probably higher than you think
If you bought your home a few years ago, or even recently, you've likely built up more equity than your last mortgage statement shows. Home values have shifted in many markets, and every payment you make chips away at what you owe. That equity can be a powerful financial tool—it opens doors to refinancing, home equity lines of credit, or funding major repairs without taking on new debt. The catch? You won't know what you're working with unless you take a look. A quick conversation can help you understand what your home is worth today and how much equity you've actually accumulated. That knowledge can change your options.
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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 Max Lloyd team any time and we'll walk you through your options. |
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