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Mortgage Market Update
Cheyene DeWeese
Cheyene DeWeese
Saturday, August 1, 2026
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How much equity have you built? |
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Hi there—I hope you're having a good week. This month I'm sharing ideas on the money decisions that matter most to homeowners like 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
How much home equity are you sitting on?
If you've owned your home for a few years, you're likely building equity with every payment—and home values in many markets have shifted too. That equity can be a real financial asset. Some homeowners tap it for home improvements, debt payoff, or other goals through a cash-out refinance or home equity line. Others simply hold it as part of their long-term wealth. The first step is knowing what you have. Pull your latest property tax estimate or get a quick market valuation to see where you stand. Then we can talk about whether tapping that equity makes sense for your situation—or whether it's best to keep building. Either way, it's good to know. Let's pull together a quick equity snapshot and explore what options might work for you.
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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 Cheyene DeWeese team any time and we'll walk you through your options. |
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