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Mortgage Market Update
Chris Ristau
Chris Ristau
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 focus on something many homeowners overlook but should understand: the real wealth sitting in your home. Here's why it matters to you right now.
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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
Your home is probably worth more than your loan
Every mortgage payment you make builds equity—the difference between what your home is worth and what you still owe on it. Over time, as you pay down principal and your property appreciates, that equity grows into real wealth. Many homeowners don't realize how much they've already built, especially if they've been in their home for several years. Knowing your equity matters because it opens doors: you might refinance into better terms, tap that equity for a major expense, or simply feel more confident about your financial position. The first step is getting a clear picture of where you stand. I'd love to help you understand your equity and what it means for your options. Let's talk about how much equity you've built and what you can do with it.
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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 Chris Ristau team any time and we'll walk you through your options. |
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