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Mortgage Market Update
Rita Rehana
Rita Rehana
Saturday, August 1, 2026
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How much equity have you built? |
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Hi everyone. This week I'm focusing on something that often flies under the radar but matters a lot: the equity you're building with every payment.
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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
How much equity are you actually building?
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe. It's easy to overlook, but equity is real wealth. As you pay down your loan balance and your home may appreciate over time, that cushion grows. Knowing your equity matters because it opens doors: you might refinance into better terms, tap into a home equity line of credit for renovations or expenses, or simply feel more secure in your investment. The best part is you don't have to do anything special—it happens automatically as you pay your mortgage. If you're not sure where you stand, I'd love to pull together a quick equity snapshot for you. It's a helpful reality check, and it might reveal options you didn't know you had. Reach out and I'll give you a clear picture of your home's equity and what it could mean for your financial flexibility.
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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 Rita Rehana team any time and we'll walk you through your options. |
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