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Saturday, August 1, 2026 |
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Mortgage Market Update
Community news from Sheridan this week
We're sharing a few local stories that caught our attention around Sheridan County. These aren't mortgage-related, but they're good reminders of what makes our community special.
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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
What's your home equity worth right now?
If you've owned your home for a few years, you've likely built up equity—the difference between what your home is worth and what you still owe on your mortgage. That equity can be a powerful financial tool. Some people use it to refinance into better loan terms, others tap it for home improvements or major expenses through a home equity line of credit or loan. The first step is understanding how much equity you actually have. Your home's value may have shifted since you bought it, and every mortgage payment chips away at what you owe. Knowing your position helps you make smarter decisions about whether now is the right time to make a move. I'd be happy to walk you through what your equity looks like and talk through your options.
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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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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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Campco Federal Credit Union is hosting the Campco Cares Heart & Sole 5K in Sheridan to raise money and awareness for foster families in the community. It's a great way to get active, meet your neighbors, and support a cause that matters locally.
| Key takeaway: community-driven events like this strengthen the neighborhoods we all live and raise families in. |
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A group of Sheridan churches are teaming up to offer Vacation Bible School (VBS) next week for kids who've finished pre-K through fifth grade. The week-long program is a fun, faith-filled break during summer.
| Key takeaway: free or low-cost summer activities help families manage childcare costs during the school break. |
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The Wyoming International Film Festival is accepting applications for the 2026 Wyoming Filmmaker Grant to help storytellers across the state bring their projects to life. If you know a filmmaker in the area, this could be a real opportunity.
| Key takeaway: grants like this support local creative talent and keep Wyoming's cultural economy growing. |
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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 Altitude Home Mortgage team any time and we'll walk you through your options.
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954 N Main Street
302187739
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