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Mortgage Market Update
My Mortgage Company
Michael Easton — Michael Easton Powered by Edge Home Finance
Saturday, August 1, 2026
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How much equity have you built? |
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Hi there — I hope you're having a good week. I want to share something that often gets overlooked but matters more than most borrowers realize.
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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
Your home is quietly working for you
Every mortgage payment you make builds equity — that's the difference between what your home is worth and what you owe on it. Over time, this becomes real wealth. But many homeowners don't realize how much equity they've accumulated, especially if they've been in their home for a few years or longer. Knowing your equity matters because it opens doors: you might refinance into better terms, tap that equity for a major expense, or move with confidence about what you can do next. If you haven't checked in a while, it's worth a conversation. I can help you understand where you stand and what options that might create for you. Let's talk about your equity and what it could mean for your financial picture.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Michael Easton — Michael Easton Powered by Edge Home Finance
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