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Mortgage Market Update
My Mortgage Company
Jessica Portillo — Jessica Portillo
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hello—I'm back with this week's homeowner insight. Here's something that quietly works in your favor 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
What you've actually built in your home
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe on it. This matters more than you might think, especially if your life changes. Equity can help you if you need to tap into it for a big expense, refinance to better terms, or sell down the road. The longer you've owned your home and the more you've paid down, the stronger your financial position becomes. If you haven't thought about your equity in a while, now's a good time to get a clear picture of where you stand. I can pull together a quick snapshot of what you've built and talk through what it means for your options. Reach out if you'd like to discuss your equity and what it could mean for your next move.
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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
Jessica Portillo — Jessica Portillo
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