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Mortgage Market Update
Arturo Solis
Arturo Solis
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 many homeowners overlook: the equity they've already earned in their homes.
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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
How much equity are you sitting on right now?
If you've owned your home for a few years, you're likely building equity faster than you realize—through monthly payments, home appreciation, or both. Understanding your equity position matters because it opens doors: you might qualify for a cash-out refinance, a home equity line of credit, or better loan terms on a future purchase. The more equity you have, the more flexibility you gain. Many homeowners don't check in on this regularly, so their equity sits idle when it could be working for them. Whether you're thinking about a major home project, consolidating debt, or simply want to know where you stand, I'd love to walk through your numbers and show you what's possible. Reach out this week and we can pull a quick equity snapshot—no obligation.
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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 Arturo Solis team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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Arturo Solis
Arturo Solis
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