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Mortgage Market Update
Justin Stein
B.E. Home Finance
Saturday, August 1, 2026
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How much equity are you sitting on? |
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Hi there — this week I want to walk you through something a lot of homeowners overlook. It could mean real money in your pocket.
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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
You might have more equity than you think
If you bought your home a few years ago, or even just refinanced recently, your home's value may have shifted—and that changes how much equity you actually own. Equity is the difference between what your home is worth today and what you still owe on your mortgage. The more equity you have, the more options open up: you can refinance into a better rate, tap that equity with a home equity loan or line of credit, or build financial cushion faster. The trouble is, most people don't know their current home value. A quick estimate using public records or a local market check can tell you whether it's time to revisit your loan strategy. I'd be happy to help you figure out where you stand. Let's talk about how much equity you might have available to you.
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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 Justin Stein team any time and we'll walk you through your options. |
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