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Mortgage Market Update
Albert Miller
Albert Miller
Saturday, August 1, 2026
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How much equity have you built? |
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Hi there. With home values and mortgage paydown working together, many of my clients have surprised themselves with how much equity they've gained. Here's what you should know about yours.
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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
How much home equity are you sitting on?
If you bought a few years ago or made a solid down payment, you've likely built more equity than you realize. Equity is the difference between what your home is worth today and what you still owe on your mortgage—and it's one of your most valuable financial tools. Why does this matter? Equity can be borrowed against for renovations, consolidating debt, or covering emergencies through a home equity line of credit or cash-out refinance. It also protects you if the housing market dips. If you're not sure how much equity you have, now's a good time to find out. I can help you estimate it and walk through your options if you want to put that equity to work. Let's talk about what your home equity can 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 Albert Miller team any time and we'll walk you through your options. |
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