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Mortgage Market Update
Justin Oliver
Justin Oliver
Saturday, August 1, 2026
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How much equity have you actually built? |
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Home equity is one of those financial tools that's easy to overlook until you need it. This week, I want to make sure you know what you have.
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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
How much equity are you sitting on right now?
If you bought a few years ago, your home has likely gone up in value. That means you probably have equity — the difference between what your home is worth and what you still owe on it. Equity matters because it's real wealth you've built, and it can open doors: you can borrow against it for home improvements, consolidate debt, or access it when you need cash. Even if your home's value hasn't moved much, you've been paying down your mortgage every month, which builds equity automatically. The tricky part is knowing exactly how much you have without guessing. A quick conversation with me can help clarify your situation and show you what options might be available to you. Let's do a quick equity check — I can walk you through what you have and what you might do with it.
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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 Justin Oliver team any time and we'll walk you through your options. |
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