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Mortgage Market Update
Hardeep Rai
Hardeep Rai
Saturday, August 1, 2026
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How much equity have you built? |
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Hi there—I hope you're having a good week. This one's about understanding the value you've built in your home and what doors it might open.
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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 Check
How much home equity are you sitting on?
If you've owned your home for a few years, you've likely built more equity than you realize. Every mortgage payment chips away at what you owe, and depending on your market, your home's value may have grown too. That equity can be a powerful financial tool—whether you need cash for repairs, education, or other goals, or you're thinking strategically about your next move. The tricky part is knowing what you actually have to work with. A quick conversation can help you understand your options, from home equity lines of credit to refinancing strategies. I'm here to walk you through what your equity means and whether it makes sense to tap into it right now. Reach out if you'd like to explore what your home equity could do 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 Hardeep Rai team any time and we'll walk you through your options. |
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