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Mortgage Market Update
Ashli Huron
Ashli Huron
Saturday, August 1, 2026
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How much equity have you actually built? |
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This week I'm helping clients take stock of where they stand on their homes. If you've owned for a while, the answer might surprise you.
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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've built?
If you bought a few years ago, you've likely built up more equity than you realize—especially with recent home values. Your equity is the difference between what your home is worth today and what you still owe on your mortgage. It matters because it gives you options: you can tap into it with a home equity loan or line of credit, use it toward a down payment on a new property, or simply feel more secure in your investment. Many borrowers have no idea where they stand. A quick conversation can help you understand your position and what doors that opens. I'm happy to give you a quick estimate of your current equity—just reach out.
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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 Ashli Huron team any time and we'll walk you through your options. |
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