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Mortgage Market Update
Megan Maruna
Barrett Financial Group
Saturday, August 1, 2026
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How much equity have you built? |
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Hi there! This week I want to talk about something many homeowners overlook: the equity sitting in their home right now.
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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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Home Equity
Your home might be worth more than you think
If you bought a few years ago or have been paying down your mortgage steadily, you likely have more equity built up than you realize. Home equity is the difference between what your home is worth today and what you still owe on it—and it can open doors. Some people tap into equity to fund renovations, pay off other debt, or cover major expenses. Others use it as a stepping stone to their next home. The market doesn't stay still, and neither does your equity. Even if you haven't checked your home's value recently, it's worth knowing where you stand. I'd be happy to help you get a clear picture of your equity and talk through what options might make sense for your situation. Let's figure out how much equity you've built—just send me a message or give me a call.
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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 Megan Maruna team any time and we'll walk you through your options. |
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