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Mortgage Market Update
Dante Zompetti
Company Leads - A-Z Lending
Saturday, August 1, 2026
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How much equity have you built? |
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Happy to share this week's feature on something every homeowner should understand: the power of equity. It's one of the best parts of owning a home, and it's easier to track than you might think.
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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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Building Equity
Your home is working for you every month
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe on it. Early on, most of your payment goes toward interest, but over time, more and more goes straight into ownership. That's real wealth building happening automatically. Beyond your monthly payments, rising home values in most markets mean your equity grows even when you're not doing anything. This matters because equity is your financial cushion. It can help you weather tough times, fund major expenses, or give you options down the road—whether that's refinancing at better terms, taking out a home equity line, or simply owning your home outright sooner. If you're curious how much equity you've actually built, I'd love to run the numbers with you. Reach out anytime—I can give you a clear picture of your equity position.
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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 Dante Zompetti team any time and we'll walk you through your options. |
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