Team Dayton · August 1, 2026

How much equity have you built?

Mortgage Market Update

Team Dayton

Team Dayton

Saturday, August 1, 2026

How much equity have you built?

Home equity isn't just a number on paper—it's real wealth you're building with every payment. Here's why it matters right now.

National Mortgage Rates · July 30, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.43%

VA 30-Year

6.25%

Rate trend

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.


Equity Check

Have you checked your home's equity lately?

Your home has likely built equity in ways you might not realize—through mortgage payments, home appreciation, and market shifts. That equity can be a powerful financial tool. Whether you're thinking about a cash-out refinance, a home equity line of credit, or just curious where you stand, it's worth knowing the number. Many homeowners are surprised how much they've built up over a few years. The sooner you understand your equity position, the sooner you can make an informed decision about whether tapping into it makes sense for your goals—whether that's renovations, debt consolidation, or something else entirely.

Let's pull together a quick equity snapshot and talk through your options—no pressure, just clarity.

Tip of the Week

Landscaping maintenance protects your home's value — overgrown yards are the number one curb appeal issue buyers notice.

Tips for Homeowners

HOA Fees and How They Affect Your Mortgage

1.

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.

2.

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.

3.

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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Team Dayton team any time and we'll walk you through your options.

Your Mortgage Advisor

T

Team Dayton

Team Dayton

td@vetmortgagesolutions.com

(253) 532-5626

(253) 532-5626

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