|
Mortgage Market Update
Harris Nightingale
Harris Nightingale
Saturday, August 1, 2026
|
How much equity have you built? |
|
Home ownership builds wealth in ways that rent never can. One of the easiest ways to check your progress is to look at the equity you've accumulated—and many homeowners are surprised when they do.
|
|
National Mortgage Rates · July 30, 2026
|
%22%2C%22fill%22%3Atrue%2C%22tension%22%3A0.4%2C%22pointRadius%22%3A4%2C%22pointBackgroundColor%22%3A%22%233b5bdb%22%2C%22borderWidth%22%3A2%7D%5D%7D%2C%22options%22%3A%7B%22plugins%22%3A%7B%22legend%22%3A%7B%22display%22%3Afalse%7D%7D%2C%22scales%22%3A%7B%22y%22%3A%7B%22ticks%22%3A%7B%22callback%22%3A%22function(v)%7Breturn%20v%2B%5C%22%25%5C%22%7D%22%2C%22color%22%3A%22%23666%22%7D%2C%22grid%22%3A%7B%22color%22%3A%22rgba(0%2C0%2C0%2C0.06)%22%7D%7D%2C%22x%22%3A%7B%22grid%22%3A%7B%22display%22%3Afalse%7D%2C%22ticks%22%3A%7B%22font%22%3A%7B%22size%22%3A11%7D%2C%22color%22%3A%22%23666%22%7D%7D%7D%7D%7D&w=520&h=180&bkg=white&f=12) |
|
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
You may have more equity than you think
If you bought your home a few years ago, or your neighborhood has appreciated, there's a good chance you've built more equity than you realize. Equity is the difference between what your home is worth today and what you still owe on your mortgage. It matters because it opens doors—whether you're thinking about refinancing, tapping into a home equity line, or simply understanding your financial position. The tricky part is that most of us don't check. If you haven't had your home appraised or looked at recent comps in your area lately, now's a good time. Understanding your equity can help you make smarter decisions about your mortgage and long-term plans. I'd love to walk through the numbers with you and talk about what your equity could mean for your situation. Let's sit down and talk about your equity and what options might be available to you.
|
|
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 Harris Nightingale team any time and we'll walk you through your options. |
|
|
You are receiving this from Harris Nightingale. Unsubscribe
|