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Saturday, August 1, 2026 |
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Mortgage Market Update
Community events worth your time this week
We know life moves fast, especially when you're managing a home and family. Here are three local happenings in Sheridan that might interest you—from wellness activities to ways to give back.
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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 equity worth right now?
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 on your mortgage. That equity can be a powerful financial tool. Some people use it to refinance into better loan terms, others tap it for home improvements or major expenses through a home equity line of credit or loan. The first step is understanding how much equity you actually have. Your home's value may have shifted since you bought it, and every mortgage payment chips away at what you owe. Knowing your position helps you make smarter decisions about whether now is the right time to make a move. I'd be happy to walk you through what your equity looks like and talk through your options.
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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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Campco Federal Credit Union is hosting the Campco Cares Heart & Sole 5K to benefit foster families in the area. It's a great way to get some exercise, connect with neighbors, and support a meaningful cause in your community.
| Key takeaway: A local event that combines fitness and charitable giving—good for your health and your community. |
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WYO Vibe and Venture are hosting a free wellness day on August 15 with live fitness classes, guided saunas, cold plunges, and a DJ. It's a chance to try something new and relax without breaking your budget.
| Key takeaway: A free community event to recharge and stay active during the summer. |
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Several Sheridan churches are teaming up to offer Vacation Bible School August 4–7 for children in pre-K through fifth grade. It's a fun, faith-centered week that gives kids something meaningful to do during summer.
| Key takeaway: A free, family-friendly activity that keeps kids engaged and learning during the school break. |
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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 Altitude Home Mortgage team any time and we'll walk you through your options.
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954 N Main Street
302187739
Altitude Home Mortgage · Unsubscribe
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