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Mortgage Market Update
Tammy Saul
Tammy Saul
Saturday, August 1, 2026
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How much equity do you have in your home? |
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Hi there—this week I'm thinking about one of the most overlooked numbers in homeownership: equity. It's yours, it's growing, and you might be able to use it.
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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 your home a few years ago, you've probably built more equity than you realize. Home values have shifted, you've paid down principal, and that adds up to real money you can tap into if you need it. Whether you're thinking about a renovation, consolidating debt, or just curious where you stand, knowing your equity is the first step. Some borrowers are surprised to learn they have options they didn't know existed. I'd be happy to walk you through what your equity position looks like and what it might mean for your financial goals. Let's have a quick conversation about your equity and what moves might make sense 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 Tammy Saul team any time and we'll walk you through your options. |
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