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Mortgage Market Update
My Mortgage Company
Shane Braninburg — Shane Braninburg
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hi everyone. This week I'm thinking about home equity—and why checking yours is worth an hour of your time.
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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 equity than you think
Home values have shifted a lot over the past few years, and many of you have built more equity than you realize. That equity can be a powerful tool—whether you want to refinance, tap into it for a major expense, or simply understand your financial position better. If you haven't had your home valued recently, now is a good time. Knowing your current equity opens up options: a cash-out refinance, a home equity line of credit, or just peace of mind about where you stand. I'd be happy to walk you through what your equity position looks like and what it might mean for your situation. Let's pull together a quick equity snapshot—reach out anytime.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Shane Braninburg — Shane Braninburg
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