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Mortgage Market Update
Brent Moody
Edge Home Finance Corp
Saturday, August 1, 2026
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How much equity have you built? |
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Hi there. This week I want to help you think about something that often goes unnoticed: the equity you're building with every payment.
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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
You might have more equity than you think
If you bought your home a few years ago or have been making regular payments, there's a good chance your home has built up equity—the difference between what your house is worth today and what you still owe on your loan. That equity is real money, and it can be put to work for you. Some homeowners use it to tap into cash for home improvements, consolidate debt, or refinance into better loan terms. The first step is understanding how much equity you actually have. A quick home value estimate and a look at your loan balance can tell you if you're sitting on an opportunity. If you're curious where you stand, I'd be happy to walk you through the numbers with no pressure. Reach out anytime—I can help you figure out what your equity means 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 Brent Moody team any time and we'll walk you through your options. |
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(253) 381-4067 | www.brentmoodyloans.com
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