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Mortgage Market Update
My Mortgage Company
Angela Comstock — Angela Comstock
Saturday, August 1, 2026
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Do you know how much equity you've built? |
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Hi there—I hope things are going well. This week I want to talk about something that can shift how you think about your home and your finances.
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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
Do you know how much equity you've built?
If you've owned your home for a few years, chances are you've built more equity than you realize. Every mortgage payment chips away at what you owe, and if your home's value has risen, that's even more money working for you. Knowing your equity matters because it opens doors—whether you're thinking about refinancing, a home improvement project, or just understanding your net worth. The tricky part is that many homeowners guess instead of knowing. A quick conversation with me can help you figure out exactly where you stand. That clarity is the first step to making smart decisions about your home. Reach out and we can take a few minutes to estimate your current equity position.
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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
Angela Comstock — Angela Comstock
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