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Mortgage Market Update
Anthony Yousif
Anthony Yousif
Saturday, August 1, 2026
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How much equity have you built so far? |
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Welcome back. This week we're talking about something that quietly grows every single month—and why it's worth paying attention to.
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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're building wealth faster than you think
Every mortgage payment you make does two things: it covers interest and reduces what you owe. That second part—the principal you're paying down—is equity. It's real wealth growing in your home, even if you're not thinking about it. The longer you've been in your home, the more equity you likely have. That matters because equity can give you options down the road: a cash-out refinance, a home equity line of credit, or just peace of mind knowing your net worth is climbing. If you've never sat down to calculate how much equity you've actually built, this is a good week to do it. I can help you figure out where you stand. Reach out if you'd like to talk through your equity position or explore what options might be available to you.
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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 Anthony Yousif team any time and we'll walk you through your options. |
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