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Mortgage Market Update
Chris Opfer
Christopher R Opfer
Saturday, August 1, 2026
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How much equity have you built? |
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Hi there. With home values constantly shifting, I wanted to remind you of one number that often gets overlooked: your equity. Here's why it matters.
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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
What's your home actually worth to you right now?
If you bought your home a few years ago, chances are you've built up equity—the difference between what your house is worth and what you still owe on your mortgage. That equity can be a financial tool. Some people tap it for home improvements, debt consolidation, or major expenses through a cash-out refinance or home equity line of credit. Others simply let it grow as a safety net. Either way, it's worth knowing the number. Market values shift, and so does your position. A quick home valuation estimate and a look at your loan balance can show you exactly where you stand. If you're curious about your equity and what options might make sense for your situation, I'd love to walk through it with you. Let me know if you'd like a free equity assessment—it only takes a few minutes.
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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 Chris Opfer team any time and we'll walk you through your options. |
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