Aaron Kapp · August 1, 2026

How much equity have you built?

Mortgage Market Update

Aaron Kapp Kapp

Aaron Kapp

Saturday, August 1, 2026

How much equity have you built?

Hello! This week I'm thinking about something a lot of homeowners don't check often enough—the equity sitting in their home. Here's what you should know.

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 your home a few years ago, you've likely built more equity than you realize. Home values have shifted, and the principal you've paid down adds up faster than most people think. That equity can open doors—whether you're thinking about refinancing, a home improvement project, or handling an unexpected expense.

The tricky part is knowing what you actually have to work with. Property values vary block to block, and the only way to get a real picture is to talk through your specific situation. I can help you understand what your equity means for your options, and whether now makes sense to tap into it. If you've been wondering about your position, let's have a quick conversation.

Reach out and we can take a look at where you stand and what might be possible.

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 Aaron Kapp Kapp team any time and we'll walk you through your options.

Your Mortgage Advisor

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Aaron Kapp Kapp

Aaron Kapp

akapp@cachetref.com

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