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Mortgage Market Update
Kenna Siders
Kenna Siders
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hi there. Here's what I'm thinking about this week as we help clients make smart moves with their homes.
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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
You might have more equity than you think
Every mortgage payment you make builds equity in your home—that's the difference between what your house is worth and what you still owe. Over time, especially if your home has appreciated, that number can grow faster than you realize. If you haven't checked your equity in a while, now's a good time. Knowing what you have available can open doors: some people use it to refinance at better terms, others tap into it for major home improvements or consolidating debt. The first step is simply understanding your position. I can help you figure out where you stand and what options might make sense for your situation. Reach out if you'd like to talk about your equity and what it could mean for you.
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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 Kenna Siders team any time and we'll walk you through your options. |
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