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Mortgage Market Update
Stephen Bellew
Stephen Bellew
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 I see borrowers overlook: their own equity. If you've been paying down your mortgage for a while, you might be surprised what you've accumulated.
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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 Building
How much equity are you sitting on right now?
If you've owned your home for a few years, you're probably building equity faster than you realize. Every mortgage payment chips away at what you owe, and if your home's value has held steady or grown, that's equity working for you too. The reason this matters: that equity can become a tool. Whether you're thinking about a renovation, facing an unexpected expense, or planning your next move, knowing what you've built gives you real options. Some people tap it through a home equity line. Others use it toward a down payment on a second property. The first step is simply understanding the number. I'd be happy to walk you through where you stand—no obligation, just clarity. Reach out and we can run the numbers together.
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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 Stephen Bellew team any time and we'll walk you through your options. |
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