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Mortgage Market Update
Jeff Naylor
Naylor Home Loans powered by Barrett Financial Group
Saturday, August 1, 2026
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How much equity have you actually built? |
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Home equity is one of the most powerful financial tools homeowners have—and many of us don't fully understand what we've built. Let's change that this week.
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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
How much home equity are you sitting on?
Every mortgage payment you make builds equity—that's the portion of your home's value you actually own. Over time, as you pay down your loan balance and your home potentially appreciates, that equity grows. Knowing your equity matters because it can open doors: you might refinance into better terms, take out a home equity line of credit for major repairs or upgrades, or build a down payment fund for a future property. If you haven't checked in on your equity in a while, it's worth a conversation. I can help you understand where you stand and explore what options might make sense for your situation.
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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 Jeff Naylor team any time and we'll walk you through your options. |
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4800 NW Camas Meadows Drive Ste 260, Camas, WA 98607
503-358-6551 | www.naylorhomeloans.com
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