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Saturday, August 1, 2026 |
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A Note From Aaron Page
My Purpose is to provide....Low Rates, Expert Consultation, and a Simple Process. Share with someone who could use my help.
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Mortgage Market Update
How much equity have you built up?
Hello! This week I want to talk about something that builds quietly in the background: home equity. Whether you're thinking about your next move or simply staying put, here's why it matters.
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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
You might have more equity than you think
If you've owned your home for a few years, you've likely built up equity through monthly payments—and possibly through home value appreciation in your area. That equity can work for you. Some borrowers use it to refinance into better loan terms, fund home improvements, or cover major expenses without tapping credit cards. The first step is understanding what you actually have. Your home's current value minus what you still owe equals your equity position. Even if you're not planning to move or borrow against it right now, knowing this number is smart financial housekeeping. It gives you options and peace of mind. I'd be happy to walk through a quick equity assessment with you—no obligation, just clarity on where you stand. If you'd like to know your equity position, reach out and we can take a look together.
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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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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 Aaron Page team any time and we'll walk you through your options.
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512.924.3138
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