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Mortgage Market Update
Kevin Dull
KD The Broker (powered by Edge Home Finance)
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 talk about something that quietly works in your favor every single month. It's the equity in your home, and it deserves your attention.
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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 Building
The equity you're building might be worth more than you think
Every mortgage payment you make builds equity in your home — but a lot of people don't realize how much they've actually accumulated over time. Whether you've been in your home for a few years or longer, that equity can be a powerful financial tool. You might use it to fund a renovation, cover an emergency, or even refinance into better terms. The key is knowing what you have to work with. If you're not sure where you stand, it's worth taking a few minutes to run the numbers. I'd be happy to give you a clear picture of your equity and talk through what options make sense for your situation.
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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 Kevin Dull team any time and we'll walk you through your options. |
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4487 Bobwhite Trace
6146658801 | www.kdthebroker.com
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