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Mortgage Market Update
Jesse Moorhouse
Jesse Moorhouse
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 don't check often enough—but should.
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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
How much home equity are you sitting on?
If you've owned your home for a few years, you've likely built equity—either through monthly payments or appreciation in your home's value. That equity can be a financial resource when you need it. Some owners tap it for major expenses, renovations, or consolidating debt. Others keep it as a safety net. The first step is knowing what you have. A quick conversation about your current mortgage balance and your home's value today will tell you exactly where you stand. That clarity helps you make smart decisions about your money, whether now or down the road. If you're curious what that number looks like, I'm happy to walk through it with you. Let me know if you'd like to get a clear picture of your equity—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 Jesse Moorhouse team any time and we'll walk you through your options. |
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