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Mortgage Market Update
Jonathan Lee
Jonathan Lee
Saturday, August 1, 2026
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How much equity have you built? |
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Hi there. This week I want to touch on something that often surprises homeowners: how much equity they've actually built without realizing 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 Building
You might have more equity than you realize
Every mortgage payment you make builds equity—that's the difference between what your home is worth and what you still owe. If you bought a few years ago, or if your home's value has shifted, your equity picture may have changed more than you think. That equity can open doors: it's collateral for a home equity loan or line of credit, it reduces your risk as a borrower, and it's real wealth sitting in your property. If life circumstances have changed—you're thinking about selling, need cash for repairs, or just want to understand your financial position—knowing your actual equity is a smart first step. I'd be happy to help you get a clear picture of where you stand. Let's talk about your equity and what options might make sense for your situation.
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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 Jonathan Lee team any time and we'll walk you through your options. |
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