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Mortgage Market Update
Lynnsy Hamilton-Obert
Lynnsy Obert
Saturday, August 1, 2026
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How much home equity are you sitting on? |
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Hi there—it's been a busy week in the mortgage world, and I want to share something that matters to you directly.
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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 & Refinancing
Your home's equity might be worth more than you think
If you bought a few years ago or made significant improvements, there's a good chance your home has gained value. That means you've built equity—the difference between what your home is worth and what you still owe on your mortgage. The more equity you have, the more options open up: you could refinance into better loan terms, tap that equity for a large expense, or simply feel more secure in your investment. The tricky part is knowing what your home is actually worth today and how much equity you've genuinely accumulated. I'd love to help you figure that out. A quick conversation could reveal opportunities you didn't know you had. Reach out anytime—I can walk you through where you stand and what might make sense next.
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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 Lynnsy Hamilton-Obert team any time and we'll walk you through your options. |
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