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Mortgage Market Update
sherry kerr
Sherry Kerr
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hey there. I'm sharing a quick reminder this week about something many homeowners overlook—and it could open some real doors 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 Check
Do you know how much equity you've built?
If you've been paying your mortgage for a few years, you likely have more equity than you realize. Equity is the difference between what your home is worth and what you still owe—and it's one of your most valuable financial assets. You can tap into it through a refinance, a home equity loan, or a line of credit if you need cash for repairs, education, or other goals. The best part? You don't need to sell your home to use it. Even if rates have moved since you bought, a conversation with me can help you figure out whether accessing your equity makes sense for your situation right now. Let me help you get a clear picture of your equity and what options might be available to 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 sherry kerr team any time and we'll walk you through your options. |
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