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Mortgage Market Update
Eddie Gamez
Edge Home Finance LLC
Saturday, August 1, 2026
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How much equity have you built? |
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Home ownership is one of the best ways to build long-term wealth. Today I want to remind you why that matters — and how to measure your progress.
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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 home equity are you sitting on?
Every mortgage payment you make builds equity — the difference between what your home is worth and what you still owe. Over time, that equity becomes real wealth you can tap into. Whether you're planning a renovation, paying for education, or just curious about your financial position, knowing your equity is the first step. The longer you've owned your home, the more you likely have. And if your home's value has risen since you bought, that's another boost. I help homeowners understand their equity and explore their options, whether that's refinancing, a home equity line of credit, or just knowing you're in a stronger position than you think.
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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 Eddie Gamez team any time and we'll walk you through your options. |
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915-706-0950
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