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Mortgage Market Update
Ryan Spencer
Ryan Spencer
Saturday, August 1, 2026
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Do you know how much equity you've built? |
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Hi there—this week I want to talk about something a lot of homeowners overlook. Your equity is one of the most valuable financial assets you own, and it's worth understanding.
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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 Check
Do you know how much equity you've built?
If you've owned your home for a few years, there's a good chance you've built more equity than you realize. Equity is the difference between what your home is worth and what you still owe on your mortgage—and it's real money that can work for you. Whether you're thinking about refinancing, making a big home improvement, or just curious about your financial position, knowing your equity gives you options. A quick conversation with me can help you understand where you stand and what doors that might open. It's easier to figure out than most people think. Reach out anytime and we'll talk through your equity position and what it could mean for your goals.
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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 Ryan Spencer team any time and we'll walk you through your options. |
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