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Mortgage Market Update
Jesse Wien
BARRETT FINANCIAL GROUP LLC
Saturday, August 1, 2026
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How much equity have you built? |
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Hi there. This week I want to talk about something many homeowners overlook—and how knowing it could open doors you didn't know existed.
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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 been paying your mortgage for a few years, you've likely built more equity than you realize. Equity is the difference between what your home is worth today and what you still owe on it. It matters because it can unlock real options—like refinancing into better terms, borrowing against it if you need cash, or building wealth you can pass on. The trouble is, most people guess. Home values shift, principal payments add up quietly, and life happens. If you're curious where you actually stand, it's worth finding out. I can help you get a clear picture and talk through what makes sense next. Reach out whenever you'd like to review your equity and explore 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 Jesse Wien team any time and we'll walk you through your options. |
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9202573426 | https://www.barrettfinancial.com/jesse-wien
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