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Mortgage Market Update
Anita Conrad
Anita Conrad
Saturday, August 1, 2026
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How much equity have you built? |
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Your home isn't just a place to live—it's been building wealth for you. This week, let's talk about what that's worth.
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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 equity are you sitting on?
If you bought a few years ago, your home has likely appreciated—and you may have built more equity than you realize. Equity is the difference between what your home is worth today and what you still owe on your mortgage. It's real wealth, and it unlocks real options: refinancing to a better rate, borrowing against it for home improvements or other needs, or using it as a down payment on a second property. The catch is that many homeowners don't take time to find out what they actually have. A quick conversation about your current home value and loan balance can reveal opportunities you didn't know existed. If you're curious where you stand, I'd love to help you figure it out. Reach out anytime—I can give you a clear picture of your equity and what it might mean for your financial goals.
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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 Anita Conrad team any time and we'll walk you through your options. |
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