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Mortgage Market Update
Tarrell Stansberry
Tarrell Stansberry
Saturday, August 1, 2026
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How much equity have you built? |
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Hi there,
This week I'm focusing on something a lot of homeowners overlook: the equity sitting in your home right now.
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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 of your home do you actually own?
If you've been paying your mortgage for a while, you've likely built more equity than you realize. Equity is the difference between what your home is worth and what you still owe on it—and it can open doors. Some of you may have enough equity to tap into for home improvements, education, or other big expenses through a home equity loan or line of credit. Others might be surprised to learn you have options you didn't know existed. The best part? You don't need to refinance your primary mortgage to explore these possibilities. If you're curious whether your equity could work for you, I'd love to have a quick conversation. Even a rough estimate of your home's current value can help us see what might be available to you. Let's talk about what your equity could do for you—reach out anytime.
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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 Tarrell Stansberry team any time and we'll walk you through your options. |
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