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Mortgage Market Update
Jaime Reyes
Reyes Home Lending
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hi there—this week I want to talk about something that often goes unnoticed: the equity you're steadily building in your home. It's one of the most powerful financial tools available to homeowners, and many people don't realize how much they've accumulated.
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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 Building
Your home is working for you even while you sleep
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe. Over time, this becomes real wealth you can tap into. Many homeowners are surprised to learn how much equity they've accumulated, especially if they've been in their home for several years or made extra payments along the way. Whether you're thinking about refinancing, taking out a home equity line, or just curious where you stand, knowing your equity position is the first step. I'd be happy to help you understand what you've built so far and what options might make sense for your situation. Reach out and we can review your equity and discuss what it might mean for your goals.
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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 Jaime Reyes team any time and we'll walk you through your options. |
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Fort Collins, CO
(307)871-0606 | www.reyeshomelending.com
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