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Mortgage Market Update
My Mortgage Company
Ron Succarotte — Ronald Angelo Succarotte
Saturday, August 1, 2026
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How much equity have you built? |
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Hi there. This week I'm thinking about equity—the often-overlooked wealth sitting in your home. Let's talk about what it means for you.
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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 Reality Check
Do you know how much equity you've built?
A lot of homeowners are surprised when they sit down and actually run the numbers. If you've been in your home for a few years and made your payments on time, you likely have more equity than you realize—especially if your home has appreciated. That equity can be a powerful financial tool. Some people use it to fund home improvements, consolidate debt, or cover an emergency. Others tap it to buy a second property. The first step is knowing what you're actually working with. A quick conversation with me can help you understand your current equity position and explore what options might make sense for your situation. Reach out and we can take a look at your numbers together.
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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 My Mortgage Company team any time and we'll walk you through your options. |
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Your Mortgage Advisor
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My Mortgage Company
Ron Succarotte — Ronald Angelo Succarotte
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