Kaitlyn Kaczmar · August 1, 2026

Do you know your home's equity right now?

Mortgage Market Update

Kaitlyn Kaczmar

Kaitlyn Kaczmar

Saturday, August 1, 2026

Do you know your home's equity right now?

Hello! This week I want to walk you through something a lot of homeowners overlook—and it often works in their favor.

National Mortgage Rates · July 30, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.43%

VA 30-Year

6.25%

Rate trend

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.


Equity Check

You might have more equity than you think

If you bought your home a few years ago, or if your neighborhood has appreciated, you may have built up significant equity without realizing it. Equity is the difference between what your home is worth today and what you still owe on your mortgage. It matters because it gives you options—whether that's refinancing to better terms, borrowing against it for a major expense, or simply knowing you're building real wealth through homeownership.

The tricky part is that many homeowners don't check their equity status regularly. Your home's value likely changes throughout the year, and your loan balance shrinks with every payment you make. If you haven't had an appraisal or looked at your neighborhood's recent sales in a while, now's a good time. I'd love to help you figure out where you actually stand.

Let's grab a quick call to review your home's current value and your equity position.

Tip of the Week

Landscaping maintenance protects your home's value — overgrown yards are the number one curb appeal issue buyers notice.

Tips for Homeowners

HOA Fees and How They Affect Your Mortgage

1.

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.

2.

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.

3.

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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Kaitlyn Kaczmar team any time and we'll walk you through your options.

Your Mortgage Advisor

K

Kaitlyn Kaczmar

Kaitlyn Kaczmar

kaitlyn.kaczmar@edgehomefinance.com

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