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Mortgage Market Update
Josh Jiron
Josh Jiron
Saturday, August 1, 2026
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You might have more equity than you realize |
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Hi there. This week I want to circle back on something borrowers often overlook—how much wealth they've actually built in their 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 Building
You might have more equity than you think
If you've owned your home for a few years, you're probably building equity faster than you realize. Every mortgage payment chips away at what you owe, and if your home's value has appreciated, that's equity too. The combination matters because equity is real wealth—you can borrow against it, tap it for a major expense, or use it as a down payment on your next home. Some borrowers don't realize how much they've accumulated until they need it. If you're curious where you stand, I'd be happy to run the numbers with you. Knowing your equity position can open up options you didn't know existed. Let's talk about your equity and what it means for your financial goals.
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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 Josh Jiron team any time and we'll walk you through your options. |
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