Kristopher McCurry · August 1, 2026

How much equity have you actually built?

Mortgage Market Update

Kristopher McCury

Kristopher McCurry

Saturday, August 1, 2026

How much equity have you actually built?

Hi there. This week I want to help you see a side of homeownership that often goes unnoticed—and unexploited. Let me explain.

National Mortgage Rates · July 30, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.43%

VA 30-Year

6.25%

Rate trend

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.


Equity Check

What's your home actually worth to you right now?

If you bought a few years ago, there's a good chance you've built more equity than you realize. Home values have shifted, and you may have paid down your loan balance too. That equity can be a real financial tool—whether you need to refinance, take cash out for repairs or education, or just understand your net worth better.

I find that a lot of homeowners never check. They assume things haven't changed much. But a quick conversation with me can tell you exactly where you stand: what your home might be worth today, how much equity you've got, and what options that opens up. It's free information, and it might surprise you.

Reach out this week and we can talk through your equity position—no obligation.

Tip of the Week

Landscaping maintenance protects your home's value — overgrown yards are the number one curb appeal issue buyers notice.

Tips for Homeowners

HOA Fees and How They Affect Your Mortgage

1.

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.

2.

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.

3.

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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Kristopher McCury team any time and we'll walk you through your options.

Your Mortgage Advisor

K

Kristopher McCury

Kristopher McCurry

krism@barrettfinancial.com

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