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Mortgage Market Update
Ryan Nelson
Barrett Financial Group
Saturday, August 1, 2026
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How much equity have you actually built? |
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We talk a lot about rates and payments, but today I want to focus on something just as important: your equity. Here's why it matters more than you might think.
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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 Reality Check
How much equity are you sitting on?
If you bought a few years ago, you might have built more equity than you realize—especially if your home's value has appreciated in your area. That equity can be a financial tool: it opens doors to refinancing, home equity lines of credit, or even funding a renovation without tapping savings. The catch is knowing what your home is actually worth today, not just what you paid for it. A quick market check (and an honest conversation with a real estate agent or appraiser) can give you a clear picture of where you stand. This matters because equity is often your largest asset—and if you don't know how much you have, you can't make informed decisions about using it. I'd be happy to walk through what your equity position means for your options.
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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 Ryan Nelson team any time and we'll walk you through your options. |
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275 E Rivulon Blvd, Suite 200 Gilbert, AZ 85297
480-861-7841 | https://ryannelson.theradcrm.com/
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