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Mortgage Market Update
Cassidi Succarotte
Cassidi Succarotte
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 talk about something that's often overlooked: the wealth you're building every month just by owning your home. Here's why it matters.
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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?
Every mortgage payment you make builds equity in your home—the difference between what your house is worth and what you still owe. Over time, this becomes real wealth. The longer you've owned your home, the more equity you've likely accumulated, especially if your home has appreciated. That equity can be a financial resource if you ever need it—whether for home improvements, education, or unexpected expenses. Many homeowners don't realize how much equity they've built. If you're curious about your current position, I'd be happy to walk you through it and talk about what options might make sense for your situation. Reach out anytime to discuss your equity and what it could mean for your 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 Cassidi Succarotte team any time and we'll walk you through your options. |
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