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Mortgage Market Update
Paige Lott
Paige Lott
Saturday, August 1, 2026
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How much equity have you built? |
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Hi there. This week I want to remind you of something often overlooked: the real wealth you're building through homeownership.
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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 Building
Your home is working for you every month
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. It's one of the smartest reasons to own instead of rent. The sooner you understand how much equity you've accumulated, the sooner you can think about what's next: a home improvement project, a cash-out refinance, or simply peace of mind knowing your investment is growing. If you haven't checked your equity lately, now's a good time. Whether you're curious about your current home or thinking about a move, knowing your numbers makes better decisions possible. I'd love to walk you through what you've built so far. Reach out if you'd like to review your equity position and explore what it could mean for your future.
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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 Paige Lott team any time and we'll walk you through your options. |
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