Andrew King · August 1, 2026

What's your home actually worth right now?

Mortgage Market Update

Andrew King

Andrew King

Saturday, August 1, 2026

What's your home actually worth right now?

Hi there. This week I want to talk about something that quietly builds in the background of homeownership: equity. Here's why it matters.

National Mortgage Rates · July 30, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.43%

VA 30-Year

6.25%

Rate trend

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.


Equity & Refinancing

Your home equity might be worth more than you think

If you've owned your home for a few years, you've likely built equity through monthly payments and any appreciation in your home's value. That equity can be a powerful financial tool—you might be able to tap into it through a refinance or home equity line of credit to fund renovations, consolidate debt, or cover major expenses.

The tricky part is knowing what your home is actually worth and how much equity you have available. Property values shift with your local market, and a quick online estimate only tells part of the story. If you're curious whether refinancing makes sense for your situation, or if you have enough equity to access, I'd love to take a look at your numbers with you.

Send me a message or call—I can help you figure out what your equity position looks like today.

Tip of the Week

Landscaping maintenance protects your home's value — overgrown yards are the number one curb appeal issue buyers notice.

Tips for Homeowners

HOA Fees and How They Affect Your Mortgage

1.

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.

2.

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.

3.

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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Andrew King team any time and we'll walk you through your options.

Your Mortgage Advisor

A

Andrew King

Andrew King

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