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Mortgage Market Update
Roberto Pineiro
Roberto Pineiro
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 walk you through something that affects more of my clients than you'd expect—and often opens up options they didn't realize 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 Building
You might have more equity than you think
Every mortgage payment you make builds equity in your home—that's the portion of your payment going toward ownership rather than interest. But here's what surprises most homeowners: if your home has appreciated since you bought it, you've built equity even faster. That means you may have options you didn't know about. Some borrowers use their equity to refinance into better terms, fund renovations, or consolidate debt. Others keep building and use it down the road. The first step is knowing what you have. If it's been a while since you checked in on your home's value and your loan balance, now's a good time to get clarity. Let's talk about your equity position and what it might mean 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 Roberto Pineiro team any time and we'll walk you through your options. |
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