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Mortgage Market Update
Brandy Feast
Brandy Feast
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hi there. I wanted to share something that often goes overlooked—and it could be worth real money. Here's what I'm seeing with clients this week:
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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—that's the difference between what your house is worth and what you still owe on the loan. Over time, as you pay down principal and your home appreciates, that equity grows into real wealth. Knowing your equity matters because it opens doors: you might refinance into a better rate, tap into a home equity line of credit for renovations or emergencies, or simply understand your true net worth. If you haven't checked in on your home's value in a while, now's a good time. I can help you estimate where you stand and talk through your options if you want to make a move. Drop me a note if you'd like to discuss your equity or explore what borrowing 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 Brandy Feast team any time and we'll walk you through your options. |
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