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Mortgage Market Update
Joseph Kennaley
Joseph Kennaley
Saturday, August 1, 2026
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Do you know how much equity you own? |
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Hi there. This week I'm thinking about a number that often gets overlooked: the equity you've already built in your 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 Reality Check
Do you know how much equity you own?
If you bought a home a few years ago, you've likely built up meaningful equity through your monthly payments—and potentially through home value growth in your area. That equity is real money, and it can work for you in ways you might not have considered. Whether you're thinking about refinancing, making a major home improvement, or just want to understand your financial position better, knowing your exact equity number is the starting point. Some homeowners are surprised to learn they have options they didn't know existed. I'd be happy to pull a quick equity snapshot for you—no obligation, no fees for the conversation. Reach out this week and I'll walk you through what your equity situation looks like today.
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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 Joseph Kennaley team any time and we'll walk you through your options. |
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