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Mortgage Market Update
My Mortgage Company
Andrea WIlson — Andrea WIlson
Saturday, August 1, 2026
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Do you know your home equity number? |
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Hi there. This week I want to circle back on something straightforward but often overlooked: home 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 Check
Do you know how much equity you've built?
Your home's equity is often your largest financial asset, but a lot of homeowners don't have a clear picture of what they actually have. Equity grows in two ways: as you pay down your mortgage principal over time, and when your home's value appreciates. Knowing your equity matters because it can open doors—whether you're thinking about a home equity loan, a refinance, or just want to understand your net worth. If you've owned your home for a few years or the market has shifted in your area, your equity may have changed more than you realize. I'd be happy to help you get a current snapshot of where you stand. Reach out and we can talk through your equity position and what options it might create for you.
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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
Andrea WIlson — Andrea WIlson
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