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Mortgage Market Update
James J Tyrrell III
Coast2Coast Mortgage LLC
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 talk about something that quietly grows in the background while you're paying your mortgage: equity.
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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 own?
If you've been paying your mortgage for a few years, you likely have more equity built up than you realize. Equity is the difference between what your home is worth today and what you still owe on it—and it's one of your most valuable financial assets. Whether you're thinking about refinancing, tapping into a home equity line, or just curious about your net worth, understanding your equity position is important. The best time to check is now, before you need it. If you'd like help calculating your equity or exploring what options might be available to you, I'd be happy to walk through the numbers together.
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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 James J Tyrrell III team any time and we'll walk you through your options. |
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(954) 695-5801 | https://jamestyrrell.theradcrm.com/home
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