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Mortgage Market Update
Reyna Villegas
Reyna Villegas
Saturday, August 1, 2026
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What's your home actually worth right now? |
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Hi everyone. This week I want to help you take stock of one of your biggest assets—and what you might be able to do with it.
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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
Your home might be worth more than you think
If you bought a few years ago or made improvements to your home, there's a good chance you've built more equity than you realize. Rising home values and consistent mortgage payments mean many homeowners are sitting on real wealth they haven't tapped into yet. That equity can be useful—whether you need it for repairs, education, or other goals. The catch is knowing what you actually have. A quick home value estimate and a conversation about your loan balance can tell you exactly where you stand. I help clients understand their equity position all the time, and it often opens up options they didn't know existed. Let me run a quick equity check for you—no obligation, just helpful information.
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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 Reyna Villegas team any time and we'll walk you through your options. |
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