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Mortgage Market Update
Cat Barnett
Cat Barnett
Saturday, August 1, 2026
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How much equity have you built up? |
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Hi there, this week I want to talk about something that belongs to you but often goes unnoticed: the equity in your home. It's one of the most valuable assets most of us own, and understanding it can open up real opportunities.
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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
Your home equity might be worth more than you think
If you've owned your home for a few years, you're likely sitting on equity—the difference between what your home is worth today and what you still owe on your mortgage. That equity can be a powerful financial tool. Some people use it to refinance into better loan terms, others tap into it for home improvements or major expenses through a home equity line of credit or loan. The first step is understanding how much you actually have. Your home's value may have shifted since you bought it, and every mortgage payment chips away at what you owe. If you're curious where you stand, I'd be happy to help you get a clear picture 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 Cat Barnett team any time and we'll walk you through your options. |
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(720) 300-6777 | www.LoanFIT.us
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