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Mortgage Market Update
April Brock
April Brock
Saturday, August 1, 2026
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What's your home worth right now? |
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Hey there. This week I want to talk about something that quietly works in your favor as a homeowner: equity. Here's why it matters to you.
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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
Your home may be worth more than you think
If you've owned your home for a few years, you've likely built up equity—the difference between what your home is worth and what you still owe. This matters because equity is real wealth you can tap into. Some folks use it to fund home improvements, cover major expenses, or refinance into better loan terms. The challenge is knowing what your home is actually worth today. Home values shift based on your neighborhood, recent sales nearby, and market conditions. If you're curious whether you have meaningful equity to work with, I can help you get a realistic estimate and talk through your options—no obligation. It's one of those things worth checking in on every couple of years. Let's have a conversation about what your home equity might mean for your financial picture.
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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 April Brock team any time and we'll walk you through your options. |
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