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Mortgage Market Update
My Mortgage Company
Josh Deutsch — Josh Deutsch
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hi there. This week I'm sharing a question I hear often from homeowners who've been making payments for a while.
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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 equity worth right now?
If you've owned your home for a few years, you've likely built up equity—the difference between what your home is worth and what you still owe on your mortgage. That equity can be incredibly useful. Some people tap it for home improvements, education costs, or consolidating debt through a home equity line of credit or cash-out refinance. Others simply feel good knowing they own more of their home outright. The tricky part is knowing what your home is actually worth today. Home values shift with the market, and a ballpark estimate from a real estate website might not tell the whole story. If you're curious about your equity position or wondering whether it makes sense to borrow against it, I'd love to walk you through your options with no pressure. Let's take a look at what your equity could do for you—just give me a call or send me a message.
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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
Josh Deutsch — Josh Deutsch
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