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Mortgage Market Update
Matt Combs
Mortgage Pro
Saturday, August 1, 2026
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How much equity have you built? |
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Home equity is one of those quiet wealth builders that homeowners don't always track. This week I want to remind you why it matters.
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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 Building
You might have more equity than you think
Every mortgage payment you make builds equity—but home appreciation can accelerate it significantly. If your home has gained value since you bought it, your equity cushion is likely larger than your loan balance alone suggests. This matters for several reasons: you may qualify for a cash-out refinance, a home equity line of credit, or simply have more flexibility if life circumstances change. The best part is you don't need to do anything to build it—time and consistent payments handle most of the work. If you're curious where you stand, I'd be happy to run the numbers with you. A quick conversation could open doors you didn't know existed. Reach out anytime—I can give you a clear picture of your equity position and what options it might unlock.
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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 Matt Combs team any time and we'll walk you through your options. |
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