Dekoven Wesley · August 3, 2026

Do you know how much equity you've built?

Mortgage Market Update

Dekoven Wesley

Dekoven Wesley

Monday, August 3, 2026

Do you know how much equity you've built?

Hi there—this week I want to talk about something many homeowners overlook: the wealth sitting right in their home. Here's what you need to know.

National Mortgage Rates · July 30, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.48%

VA 30-Year

6.32%

Rate trend

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.


Equity Check

Do you know how much equity you've built?

If you've been paying your mortgage for a while, you likely have more equity than you realize. Equity is the difference between what your home is worth today and what you still owe on it. For many of you, rising home values over the past few years have quietly built up real wealth in your property—even if you've only made regular monthly payments.

Why does this matter? Because equity opens doors. Whether you're thinking about refinancing, taking out a home equity loan for renovations, or simply wanting to understand your financial position, knowing your number is the first step. I can help you get a clear picture of where you stand.

Let's do a quick equity check together—reach out and we can discuss what options might make sense for you.

Tip of the Week

Landscaping maintenance protects your home's value — overgrown yards are the number one curb appeal issue buyers notice.

Tips for Homeowners

HOA Fees and How They Affect Your Mortgage

1.

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.

2.

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.

3.

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.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Dekoven Wesley team any time and we'll walk you through your options.

Your Mortgage Advisor

D

Dekoven Wesley

Dekoven Wesley

dwesley@tthemortgagemindsgroup.com

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