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Mortgage Market Update
Matt Orange
Matt Orange
Saturday, August 1, 2026
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How much equity have you built in your home? |
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Hi everyone. This week I want to focus on something that's quietly working in your favor if you've been a homeowner for a while: equity.
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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
How much equity are you sitting on right now?
If you've owned your home for a few years, you're likely building equity faster than you realize. Every mortgage payment chips away at what you owe, and if your home's value has held steady or grown, that's equity working in your favor too. The reason I bring this up is that many homeowners don't realize what they have until they need it—whether that's refinancing, making improvements, or handling an unexpected expense. Understanding your equity position helps you make smarter decisions about your finances and your home's future. If you'd like a quick conversation about where you stand, I'm happy to walk through the numbers with you. Reach out and let's talk about your equity and what it might mean for your options.
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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 Matt Orange team any time and we'll walk you through your options. |
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