Daniel Bellomy · August 1, 2026

How much equity have you actually built?

Mortgage Market Update

Daniel Bellomy

Daniel Bellomy

Saturday, August 1, 2026

How much equity have you actually built?

Hi there. This week I want to help you understand what your home is actually worth to you financially.

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 Building

How much equity are you sitting on right now?

If you've owned your home for a few years, you're likely building equity faster than you realize. Every mortgage payment chips away at what you owe, and depending on your market, your home's value may have climbed too. That equity can become real money—whether you need to tap it for a renovation, consolidate debt, or fund a big life event.

The tricky part is knowing what you actually have available to borrow against, and whether it makes sense to do so. I'd be happy to run the numbers with you: we can look at your current loan balance, estimate your home's value, and explore what options might be right for your situation.

Reach out and let's talk about your equity—it might surprise you.

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 Daniel Bellomy team any time and we'll walk you through your options.

Your Mortgage Advisor

D

Daniel Bellomy

Daniel Bellomy

dbellomy@power-lending.com

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