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Mortgage Market Update
Veronica DeWitt
Barrett Financial
Saturday, August 1, 2026
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How much equity have you built? |
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Here's what's on my mind this week: most homeowners don't realize just how much equity they've accumulated. Let me show you why that matters.
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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 Building
Have you checked your home's equity lately?
Every mortgage payment you make builds equity in your home—money that's truly yours. Over time, as you pay down your loan balance and your home may appreciate, that equity grows into a real asset you can tap into if you need it. Whether you're thinking about a major home project, consolidating debt, or just want to understand your financial position better, knowing your equity is a smart first step. If you've owned your home for a few years, you might be surprised how much you've actually built. I'm happy to run the numbers and explore what options might make sense 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 Veronica DeWitt team any time and we'll walk you through your options. |
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5750 Sunrise Blvd Ste 130 ECitrus Heights, CA 95610
5103968994 | www.dewitthomeloans.com
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