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Mortgage Market Update
Bianca Lopez
Bianca Lopez
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 touch on something a lot of homeowners wonder about but don't always ask: how much equity do I really have?
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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 Reality Check
Do you know how much equity you've built?
If you bought a few years ago or have been paying down your mortgage steadily, you might have more equity than you realize. That equity is real wealth—it's the difference between what your home is worth today and what you still owe on it. Understanding your equity matters because it unlocks options: you could refinance into better loan terms, tap into a home equity line of credit, or make an informed decision if you're thinking about selling. The tricky part is that most homeowners guess. Getting a clear picture takes just a conversation. I can help you figure out exactly where you stand and what that 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 Bianca Lopez team any time and we'll walk you through your options. |
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2701 East Insight Way, Suite 150, Chandler, AZ 85286
(520) 907-2520 | https://themortgagehomemaker.com/
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