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Mortgage Market Update
My Mortgage Company
Debbie Nazarino — Debbie Nazarino
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 walk you through something simple but often overlooked: your home equity. It's easier to check than you'd think, and it might change your financial picture.
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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 have?
Your home's equity is real money—the difference between what your house is worth and what you still owe on your mortgage. As you make monthly payments and property values shift, that number changes. Knowing your equity matters because it opens doors: you might be able to refinance into better terms, tap into it for a home improvement project, or simply understand your true financial position as a homeowner. If you bought a few years ago or haven't checked lately, the gap between your loan balance and today's market value might surprise you. I'd be happy to help you get a clear picture of where you stand and talk through what options that equity might create for you. Let's pull your equity numbers together—reach out and we can review where you stand.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Debbie Nazarino — Debbie Nazarino
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