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Mortgage Market Update
My Mortgage Company
Jennifer Bedford — Jennifer Bedford
Saturday, August 1, 2026
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How much equity do you have now? |
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Welcome to this week's mortgage update. I'm sharing a topic that comes up a lot, but many homeowners haven't taken time to explore 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
How much home equity are you sitting on?
If you've owned your home for a few years, you've likely built more equity than you realize. Every mortgage payment chips away at what you owe, and many homeowners have also benefited from their home's value holding steady or growing. That equity can be a powerful financial tool—whether you're thinking about a cash-out refinance, a home equity line of credit, or simply want to know where you stand. The tricky part is figuring out what your home is actually worth today and how much you still owe. I can help you run those numbers and explore what options might make sense for your situation. It's worth knowing, even if you're not ready to act on it yet. If you'd like to get a quick read on your equity position, reach out—I can usually give you a solid picture in a day or two.
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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
Jennifer Bedford — Jennifer Bedford
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