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Mortgage Market Update
Eric Painter
Eric Painter
Saturday, August 1, 2026
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How much equity have you built? |
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Every mortgage payment you make builds equity. But do you know how much you actually have? Here's why it matters.
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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 equity are you actually sitting on?
If you've owned your home for a few years, you're likely building equity faster than you realize—through your monthly payments and, often, through appreciation. Knowing your equity matters because it can open doors: a cash-out refinance to fund a renovation, a home equity line of credit for emergencies, or simply peace of mind knowing what your home is worth today. The tricky part is that many homeowners guess. Getting an honest picture of your equity—what you owe versus what your home is worth—is a conversation worth having. I can help you figure that out and explore what your options might be. Let's talk about your equity and what it could mean for your next move.
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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 Eric Painter team any time and we'll walk you through your options. |
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