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Mortgage Market Update
Lisandro Sky
Lisandro Sky
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hi there. This week I want to talk about something that often flies under the radar for homeowners: the equity you've been quietly building.
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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, there's a good chance you have more equity than you realize. Equity is the difference between what your home is worth today and what you still owe on your loan. It builds two ways: as you make monthly payments, and as your home's value appreciates over time. Knowing your equity matters because it opens doors—you might qualify for a cash-out refinance to fund home repairs, pay off debt, or cover a major life expense. Even if you're not ready to tap into it now, it's worth understanding what you've built. I'm happy to help you get a clear picture of where you stand. Let me know if you'd like a quick equity estimate—no obligation.
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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 Lisandro Sky team any time and we'll walk you through your options. |
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