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Mortgage Market Update
My Mortgage Company
Kaden Harris — Kaden Harris CRM
Saturday, August 1, 2026
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How much equity are you sitting on? |
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Hi there—this week we're looking at something that often gets overlooked: the wealth you're building right now as a homeowner. Your equity is a powerful tool, and it starts with knowing the number.
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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, you probably have more equity than you realize. Equity is the difference between what your home is worth today and what you still owe on your mortgage. As you make payments, that number grows—and it can unlock real opportunities. Whether you're thinking about refinancing, tapping into a home equity line, or just curious about your financial position, knowing your equity is the first step. It helps you make smarter decisions about your home and your money. I'd be happy to help you figure out exactly where you stand. Let's talk about your equity and what options might be available to 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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Kaden Harris — Kaden Harris CRM
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