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Mortgage Market Update
Evelyn Morgan
Keyway Lending 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—we're checking in with something worth knowing about your home. If you've been paying down your mortgage for a while, there's a good chance you have more equity than you think.
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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 built equity this year—here's why it matters
If you bought or refinanced a few years ago, you've likely built more equity than you realize. Every mortgage payment chips away at principal, and many homeowners have also seen their home values rise. That equity isn't just a number on paper—it's real financial power you can access if you need it. Whether you're thinking about a major home project, consolidating debt, or just curious where you stand, understanding your equity helps you make smarter decisions. I can help you figure out exactly how much you've built and what your options might be. No pressure, just clarity. Let's talk about your equity and what it means for your next move.
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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 Evelyn Morgan team any time and we'll walk you through your options. |
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