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Mortgage Market Update
Jon Taw
Edge Home Finance
Saturday, August 1, 2026
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How much equity have you built? |
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Hi there—we're back with this week's newsletter. This time, let's talk about one of the best parts of owning a home: building equity with every payment you make.
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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
How much equity are you sitting on?
Every mortgage payment you make builds equity—the difference between what your home is worth and what you owe on it. Over time, this becomes real wealth. If you bought years ago, that equity might be substantial. Even newer homeowners are building it month by month. Understanding your equity matters because it opens doors: you might refinance, take out a home equity line, or simply feel more secure knowing your stake in your home is growing. If you're not sure where you stand, I can help you figure it out. Knowing your numbers is the first step to making smart decisions about your home.
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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 Jon Taw team any time and we'll walk you through your options. |
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4697801155 | jontaw.com
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