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Mortgage Market Update
Guillermo Ley
Guillermo Ley
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 touch on something that deserves more attention than it usually gets: the equity sitting in your 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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Equity Awareness
How much equity are you sitting on?
If you bought your home a few years ago, you've likely built more equity than you realize. As your loan balance shrinks and your home's value changes, that equity grows—and it's yours to tap into when you need it. Whether you're thinking about a renovation, consolidating debt, or funding a major life event, understanding your equity position is the first step. I recommend checking in on this at least once a year. It's a simple conversation that can open up real options you might not know you have. Let's talk about where you stand and what makes sense for your situation. Reach out and we can walk through 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 Guillermo Ley team any time and we'll walk you through your options. |
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