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Mortgage Market Update
Jason Thomas
Jason Thomas
Saturday, August 1, 2026
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Your home's equity could be working for you |
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Hi there. As we head into the week, I wanted to touch on something that helps a lot of homeowners unlock opportunity they didn't know they had.
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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 may be worth more than you think
If you've owned your home for a few years, there's a good chance you have more equity built up than you realize. Every mortgage payment chips away at what you owe, and in many markets, home values have climbed steadily. That equity can be a powerful tool—whether you're thinking about refinancing, making renovations, or planning your next move. The tricky part is knowing what you actually have to work with. A quick conversation about your current home value and what you still owe is all it takes to get the real picture. If the numbers look good, we can explore options that might make sense for your situation. Let's talk about how much equity you've built—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 Jason Thomas team any time and we'll walk you through your options. |
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