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Mortgage Market Update
Cait Haugen
Cait Haugen
Saturday, August 1, 2026
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Do you know your home equity number? |
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Hi there. This week I want to circle back to something a lot of homeowners overlook: understanding the equity they've already built.
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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?
Your home is likely your biggest asset, and equity is real wealth you're building with every mortgage payment. Over time, as you pay down principal and your home appreciates, that equity grows—and it can open doors you might not realize exist. Some homeowners tap into equity for home improvements, education, or consolidating debt. Others use it as a safety net or a stepping stone to their next move. The challenge is that most people don't actually know their current equity position. If you haven't checked in a while, now's a good time. Understanding what you have built gives you options and clarity about your financial picture. I'd be happy to walk through your situation and help you see what equity you've accumulated so far. Send me a message and we can pull together a quick snapshot of your home's equity and what it might 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 Cait Haugen team any time and we'll walk you through your options. |
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