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Mortgage Market Update
Melanie Camargo
Melanie Camargo
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 help you see one of your home's most underrated strengths: the equity you're building 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 Check
How much equity are you actually sitting on?
If you bought a home even a few years ago, you've likely built more equity than you realize. Every mortgage payment chips away at what you owe, and in most markets, your home's value has moved in your favor too. Knowing your equity matters—it opens doors. You might qualify for a cash-out refinance to fund repairs or consolidate debt. You could tap into a home equity line of credit without refinancing your whole loan. Or if you're thinking about selling, understanding your equity helps you plan your next move with real numbers, not guesses. The best part: figuring out where you stand is free and takes about five minutes. I'm happy to walk you through it. Reach out and we can run the numbers together—no obligation.
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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 Melanie Camargo team any time and we'll walk you through your options. |
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