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Mortgage Market Update
Brandon Work
Brandon Work
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hello—this week I want to talk about something a lot of homeowners overlook. Your home is likely your biggest asset, and understanding its equity is the first step to making smart moves with it.
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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've owned your home for a few years, you've likely built more equity than you realize. Every mortgage payment chips away at what you owe, and if your home has appreciated, that's equity too. Knowing your number matters because it opens doors—to a cash-out refinance, a home equity line, or simply peace of mind about your financial position. Many homeowners I talk to are surprised when we run the numbers together. Whether you're thinking about upgrading, consolidating debt, or just curious, it's worth a conversation. I can give you a clear picture of where you stand without any obligation. Reach out and I'll help you figure out exactly what your home equity means for your next move.
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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 Brandon Work team any time and we'll walk you through your options. |
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