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Mortgage Market Update
Beth Moore
Beth Moore
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hi there. This week I want to remind you of something that doesn't make headlines but matters every single month.
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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 Building
Your home is working for you—even when you sleep
Every mortgage payment you make builds equity in your home. That's real wealth accumulating in an asset you already own. Whether rates go up, down, or sideways, that principal you're paying down stays yours. The longer you own your home, the more this compounds—and the stronger your financial position becomes. It's one of the quiet reasons homeownership matters so much. If you've been in your home for a while, you might be surprised how much equity you've actually built. That equity can open doors later—whether you want to refinance, tap into it for a big expense, or leverage it when you're ready to buy again. I'd be happy to give you a quick picture of where you stand. Reach out if you'd like to see how much equity you've built and what options that 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 Beth Moore team any time and we'll walk you through your options. |
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