Mortgage Market Update

Jody Canfield

Saturday, August 1, 2026

How much equity have you built?

Hi there—I'm sharing one idea each week that can help you make better decisions about your home and your mortgage. This week, a reminder to check something you might be overlooking.

National Mortgage Rates · July 30, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.43%

VA 30-Year

6.25%

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

What's your home actually worth to you right now?

If you bought a few years ago, you've probably built more equity than you realize. Home values have shifted, and your monthly payments have been chipping away at what you owe. That equity can open doors—whether you're thinking about a cash-out refinance, a home equity line of credit, or just understanding your financial position better.

The tricky part is that your equity isn't just a number in your head. It's real money tied up in your home, and knowing how much you have helps you make smarter decisions about your next move. If you've been in your home for a while and haven't checked lately, it might be worth a conversation.

Let me run a quick equity check for you—just let me know and I'll give you the real picture.

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 Jody Canfield team any time and we'll walk you through your options.

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