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Mortgage Market Update
Marc Sears
Marc Sears
Saturday, August 1, 2026
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How much equity have you built? |
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Hi there. This week I'm walking through something I see help a lot of homeowners: understanding the real value sitting in their homes.
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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 & Refinancing
Your home might be worth more than you think
If you bought your home a few years ago, or even recently, you may have built more equity than you realize. Home values have shifted in many markets, and the principal you've been paying down adds up faster than most people expect. That equity can open doors—whether you're thinking about a cash-out refinance to fund a renovation, pay off higher-interest debt, or just want to know where you stand. The first step is simple: we can pull a quick estimate of your home's current value and show you exactly how much equity you've built. There's no obligation, and it often surprises people in the best way. Reach out anytime—I'd be happy to run the numbers and show you what your equity could do 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 Marc Sears team any time and we'll walk you through your options. |
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