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Mortgage Market Update
KATY BETCHER
Katy Betcher
Saturday, August 1, 2026
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How much equity have you actually built? |
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Hi there—this week I want to talk about something that's quietly working in your favor every single month: equity. Whether you're a new homeowner or you've been building for years, 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 of your payment actually builds equity?
Every mortgage payment you make builds equity, but the split between principal and interest changes over time. Early in your loan, most of your payment goes toward interest. As years pass, more of each payment chips away at what you owe. This matters because equity is real wealth—it's the difference between what your home is worth and what you still owe. The longer you stay in your home, the faster equity grows. If you've been in your house for a few years, you may have more equity than you realize. Understanding how much you've built can open doors: some homeowners use equity to refinance into better terms, fund repairs, or access cash for life goals. I'd be happy to run the numbers for you and show exactly where you stand. Let's take a look at your equity position and discuss what options might make sense 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 KATY BETCHER team any time and we'll walk you through your options. |
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