|
Mortgage Market Update
Jasmyne Inkrote
Edge Home Finance, LLC
Saturday, August 1, 2026
|
Your home's equity might be worth a conversation |
|
Hi there. Markets and life circumstances change, and sometimes that means your mortgage should too. Here's what's on my mind this week.
|
|
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%23a77c37%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 & Refinancing
Your home's equity is working—are you?
If you've owned your home for a few years, you've likely built meaningful equity through monthly payments and, in many markets, appreciation. That equity can be a powerful financial tool. Some borrowers tap it through a cash-out refinance to fund home improvements, pay off debt, or cover a major expense. Others use it to switch from an adjustable-rate loan to a fixed one, or simply to lower their payment. The key is understanding what makes sense for your situation—not every refinance saves money, and not every use of equity is the right move. Before you decide, it's worth running the numbers with someone who can show you the real impact on your long-term finances. I'm here to walk through your options and help you figure out if now is the right time.
|
|
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 Jasmyne Inkrote team any time and we'll walk you through your options. |
|
|
|
|
2528868827 | urclear2close.com
You are receiving this from Edge Home Finance, LLC. Unsubscribe
|
|
