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Mortgage Market Update
Trevor Sanders
Saturday, August 1, 2026
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Your home equity is probably worth more |
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Welcome back. This week I want to talk about something a lot of homeowners overlook—and it might be working in your favor right now.
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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 Snapshot
Your home equity is probably worth more than you think
If you bought your home a few years ago, or even just made regular payments over the past year or two, you've likely built up equity—and you might not realize how much. Home values have shifted across different markets, and every mortgage payment chips away at what you owe. That equity can work for you in several ways: it gives you options if you ever need to refinance, it can unlock cash for repairs or big expenses, or it simply puts you in a stronger financial position. The only way to know what you're actually sitting on is to take a real look at your home's current value and what you still owe. I'm happy to help you run those numbers and talk through what your equity means for your situation. Send me a message and I can give you an honest picture of where you stand.
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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 Trevor Sanders team any time and we'll walk you through your options. |
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