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Mortgage Market Update
My Mortgage Company
Trishana Kimble — Trishana Kimble
Saturday, August 1, 2026
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How much equity have you built? |
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Some of the best financial moves start with a simple question: where do I actually stand right now? This week, I want to help you answer that when it comes to your home.
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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
Your home may have built more equity than you realize
If you bought or refinanced a few years ago, your home's value has likely shifted—and so has the equity you've accumulated. Equity is the difference between what your home is worth today and what you still owe on your mortgage. It matters because it can open doors: refinancing into a better rate, accessing cash for improvements or other goals, or building long-term wealth. The tricky part is knowing your home's actual current value without guessing. I recommend a quick conversation or a look at recent comparable sales in your neighborhood to get a realistic picture. Once you know where you stand, you can make smarter decisions about your mortgage and your money. Curious where you stand? I'd be happy to walk through your equity and what it means for 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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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Trishana Kimble — Trishana Kimble
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