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Mortgage Market Update
Tania Pomeroy
Barrett Financial Group
Saturday, August 1, 2026
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How much equity have you built so far? |
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Hi there. This week I'm talking about one of the easiest financial wins most homeowners overlook — and how to put it to work.
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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 — that's the difference between what your home is worth and what you still owe. It's easy to forget about this over time, but checking in on your equity can open real doors. If you've been in your home for a few years, you may have more equity than you realize, which could mean options like a cash-out refinance, a home equity line of credit, or using it as a down payment on an investment property. The sooner you understand where you stand, the sooner you can make a plan. I'd love to help you run the numbers and explore what 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 Tania Pomeroy team any time and we'll walk you through your options. |
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2701 East Insight Way #150, Chandler, AZ 85286
+1 775-813-9676
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