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Mortgage Market Update
My Mortgage Company
Jared Fuller — Jared Fuller
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hi there. This week I want to help you see something you might be overlooking about your home.
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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
Have you built more equity than you think?
If you've owned your home for a few years, you've likely built equity—either through monthly payments that chip away at your loan balance, or through home value appreciation in your area, or both. That equity can open doors: it's the foundation for a cash-out refinance, a home equity line of credit, or even your down payment on a next home. The tricky part is that many homeowners don't know their actual equity position. Property values shift, payoff progress is quiet, and it's easy to lose track. A quick conversation with me can help you understand what you've actually built. That number might surprise you, and it might change what's possible for you next. Reach out anytime—I'm happy to give you a clear picture of where you stand.
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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
Jared Fuller — Jared Fuller
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