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Mortgage Market Update
Evan Karr
Evan Karr
Saturday, August 1, 2026
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How much equity have you built? |
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Every payment you make builds your stake in your home. This week, let's talk about why that matters and what you can do with 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 Awareness
How much equity are you sitting on?
If you've owned your home for a few years, you've likely built more equity than you realize. Every mortgage payment chips away at what you owe, and most homeowners see their property value grow over time too. That equity is real money—and it can open doors. Whether you're thinking about a home improvement project, facing an unexpected expense, or just curious about your financial position, knowing your equity number is the first step. It can affect your refinancing options, your borrowing power, and your overall wealth. I'd love to help you figure out exactly where you stand. Reach out anytime, and we can talk through what your equity means for your goals. Let's talk about your equity and what it might mean 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 Evan Karr team any time and we'll walk you through your options. |
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