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Mortgage Market Update
My Mortgage Company
Nolan Solano — HomeWise Capital Advisors
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hello! This week we're talking about one of the most powerful benefits of homeownership: building equity over time.
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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
Your home is doing the math for you
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. Over time, this grows into real wealth you can tap into. Whether you're early in your loan or several years in, understanding how much equity you've built matters. It opens doors: you might refinance at better terms, access funds for home improvements, or explore a cash-out option if life circumstances change. The longer you stay in your home and the more you pay down principal, the stronger your position becomes. I'd love to run the numbers with you and show what your equity picture looks like right now. Reach out and we'll take a look at where you stand—it only takes a few minutes.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Nolan Solano — HomeWise Capital Advisors
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