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Mortgage Market Update
The Dendy Team
The Dendy Team
Saturday, August 1, 2026
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Why your neighborhood matters more than ever for home prices |
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This week's housing data tells an interesting story: the market isn't moving at the same pace everywhere. We've picked out the stories that will actually affect your wallet and your timeline.
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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
Do you know how much equity you've built?
If you've been paying your mortgage for a few years, you're likely sitting on more equity than you realize. Equity is the difference between what your home is worth today and what you still owe on it—and it can be one of your most valuable financial assets. Why does this matter? Life happens. Whether you're facing an unexpected expense, thinking about upgrading, or considering a second property, knowing your equity gives you real options. You might be able to tap into it through a refinance or a home equity line of credit. The first step is simple: get a rough idea of your home's current value and pull your loan balance from your latest statement. If the gap looks meaningful, it's worth talking through your options with me. I can help you figure out what that equity is actually worth to you.
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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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HousingWire
While price cuts are appearing on over 40% of home listings nationally, some cities — like San Francisco — are holding their value much better than others. This means your local market's health might be very different from what you're hearing in the national news. If you're thinking about buying or selling, understanding your specific region's trends matters more than ever.
| Key takeaway: check your local market conditions rather than relying on national averages — they can look completely different. |
Read full article →
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Mortgage News Daily
After a dip in May, builders sold more new homes in June, though sales are still running behind last year's pace. High mortgage rates and affordability challenges continue to hold back demand, but the fact that sales are recovering suggests some buyers are still finding ways to make deals work.
| Key takeaway: if you've been waiting on the sidelines, modest improvements in sales activity suggest there may be room to negotiate. |
Read full article →
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Mortgage News Daily
Housing starts jumped 19% in June as builders ramped up construction after a weak May. While building permits are still trending lower — suggesting caution about the future — the immediate pickup shows the market isn't stalling out completely. More construction can eventually mean more housing supply, which could help ease affordability pressure.
| Key takeaway: increased building activity could help supply grow, which might put less pressure on prices down the road. |
Read full article →
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Mortgage News Daily
Pending home sales fell in June as high mortgage rates and record prices continue to squeeze buyers out of the market. This signals that while some markets are staying resilient, overall buyer interest is cooling as people struggle with monthly payments.
| Key takeaway: if you're competing to buy right now, fewer pending sales mean less competition — but you'll need to qualify at today's rates. |
Read full article →
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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 The Dendy Team team any time and we'll walk you through your options. |
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230 Franklin Road, Bldg 2, Franklin, Tennessee, 37064
6154996335 | michaeldendy.com
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