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Mortgage Market Update
My Mortgage Company
Corey Condrin — Corey Condrin
Saturday, August 1, 2026
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How much equity have you built? |
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Hi there—this week I want to talk about something you've been building without thinking much about it: equity. Let me explain 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
What's your home actually worth to you right now?
If you bought a few years ago, you may have built more equity than you realize. Home values have shifted in many markets, and even steady payments chip away at your mortgage principal month after month. That equity can become real money when you need it—whether for home improvements, education, or a financial cushion. The tricky part: you won't know what you have to work with unless you take a closer look. Getting a quick estimate of your home's current value and what you still owe is the first step to understanding your options. I'd be happy to walk through the numbers with you, no pressure. Reach out if you'd like a no-obligation look at your equity position.
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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
Corey Condrin — Corey Condrin
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