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Mortgage Market Update
Scott Adams
Scott Adams
Saturday, August 1, 2026
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How much equity have you built? |
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Every week, I share real talk about mortgages, rates, and smart money moves that matter to you. Here's what you should know right now.
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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
You might have more equity than you think
If you've owned your home for a few years, or if your neighborhood has appreciated, there's a good chance you've built meaningful equity. That equity can open doors—whether you want to refinance into better terms, tap funds for home improvements, or explore a cash-out option down the road. The tricky part is that many homeowners have no idea what their equity actually is. Home values shift, your principal balance drops with each payment, and market conditions change. A quick conversation with me can give you a clear picture of where you stand right now. Sometimes knowing the number is all you need to feel confident about your financial position. If you'd like to talk through your equity and what it means for your options, I'm here to walk you through it.
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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 Scott Adams team any time and we'll walk you through your options. |
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