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Mortgage Market Update
Ryan Leahy
Ryan Leahy
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 remind you about something that quietly grows while you're making your mortgage payments each month.
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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
You might have more home equity than you think
If you bought your home a few years ago, or even just made steady payments over the last year or two, there's a good chance you've built more equity than you realize. Home values have shifted in many markets, and every mortgage payment chips away at what you owe. That equity can be a real financial tool—whether you're thinking about refinancing, getting a cash-out loan for home improvements, or just understanding your net worth better. The first step is knowing what you actually have. I'd be happy to run a quick equity check for you, no obligation. It takes just a few minutes and can open up options you didn't know existed. Let's find out how much equity you've built—reach out and I'll give you the real picture.
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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 Leahy team any time and we'll walk you through your options. |
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