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Mortgage Market Update
Joey Rivero
Clear Choice Lending Group
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hi there—it's easy to forget that your monthly payment is doing real work for you. This week, I want to remind you of something that often catches homeowners by pleasant surprise.
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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
You might have more equity than you think
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. For homeowners who've been in their loans for a few years, that number can surprise you. Rising home values in many markets have added to this too. Knowing your equity matters because it opens doors: you might qualify for a cash-out refinance, a home equity line of credit, or better loan terms overall. It's also peace of mind—you're building real wealth in your home. If you haven't checked your equity recently, it's worth a conversation. I can help you understand where you stand and what options that might create for you. Let's talk about your home's equity and what it could mean for your financial future.
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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 Joey Rivero team any time and we'll walk you through your options. |
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