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Mortgage Market Update
Egan O'Brien
Saturday, August 1, 2026
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Do you know how much equity you've built? |
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Welcome back. This week we're talking about one of the most underused tools homeowners have: knowing their equity.
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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
Do you know how much equity you've built?
If you've owned your home for a few years, there's a good chance you have more equity than you realize. Equity builds two ways: as you pay down your loan balance each month, and as your home's value appreciates. That equity can open doors—whether you're thinking about refinancing, making improvements, or just understanding your net worth. The tricky part is knowing the real number. Your home's market value isn't always obvious, and it changes. If you're curious where you stand, I can help you estimate your equity and talk through what it might mean for your financial goals. It's a conversation worth having, especially if life circumstances have shifted since you bought. Reach out and we can do a quick equity snapshot together—no obligation.
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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 Egan O'Brien team any time and we'll walk you through your options. |
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