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Mortgage Market Update
Nicholas Dolen
Nicholas Dolen
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hi there,
This week I'm thinking about a tool that many homeowners overlook until they really need it.
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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 & Refinancing
Your home's value may have built you more options
If you've owned your home for a few years, you likely have equity—the difference between what your home is worth and what you still owe. That equity can be a powerful tool. Some of you might refinance into a better loan program or shorter term. Others might tap it through a cash-out refi to pay for repairs, education, or debt consolidation. The key is understanding what you have to work with. Home values shift with your market, and so does your opportunity. Even if rates aren't perfect right now, having a clear picture of your equity helps you make smarter moves when the time is right. I'd love to walk you through what your equity position looks like and what it could mean for your situation. Reach out, and we can run the numbers on what your equity could do for 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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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Nicholas Dolen team any time and we'll walk you through your options. |
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