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Mortgage Market Update
Dante Zompetti
Zompetti Team
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 homeowners overlook all the time—the value they're quietly building in their home.
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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, you're likely sitting on more equity than you realize. Every mortgage payment you make builds it—along with any appreciation in your home's value. That equity can work for you in several ways: it lowers your loan-to-value ratio, which matters if you ever want to refinance, it can be tapped through a home equity line of credit if you need cash for repairs or major expenses, and it's a genuine financial asset you're building month after month. The tricky part is that most homeowners don't actually know their number. If you're curious where you stand, I'd love to help you figure it out. It's a quick conversation, and it might open up options you didn't know you had. Reach out and let's talk about your equity and what it could mean for 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 Dante Zompetti team any time and we'll walk you through your options. |
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