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Mortgage Market Update
Ryan Stoker
Barrett Financial
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hi there. This week I'm focusing on something that often surprises clients: the equity quietly building in their homes. Let's talk about what that means for you.
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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 difference between what your home is worth and what you still owe. It's easy to forget about this while you're focused on monthly bills, but equity is real wealth. It grows as you pay down your loan balance and as your home's value changes over time. Understanding your equity matters because it unlocks options: you might refinance to a better rate, tap into a line of credit for home improvements or other needs, or build toward your next move. The best part is, you're building it automatically every month, whether you think about it or not. If you're curious where you stand, I'd love to help you figure it out. Reach out anytime—I can give you a quick snapshot of your equity and what it could mean for your 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 Ryan Stoker team any time and we'll walk you through your options. |
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