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Mortgage Market Update
Brenda Rodriguez
Brenda Merecka Rodriguez
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hi there — this week I want to help you see the progress you've made as a homeowner. Building equity is one of the smartest reasons to own instead of rent, and it's worth understanding where you stand.
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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, you might have more equity than you realize. As you make mortgage payments, you're building ownership stake in your property. That equity can be useful — whether you're thinking about refinancing, making a major home improvement, or just curious about where you stand financially. Understanding your equity is a smart first step. It shows you've been building real wealth, and it opens doors to options you might not have considered. I'd be happy to run the numbers with you and show you exactly what your home is worth and how much of it you own. Reach out and let's take a look at your equity together.
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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 Brenda Rodriguez team any time and we'll walk you through your options. |
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