Your Daily Homeowner Newsletter For Monday, January 1st, 2024

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Monday, January 1st, 2024

Good day neighbor!

Happy New Year To Everyone!

This is 'Welcome To My House' your neighborly newsletter. Each day, we bring you current updates on interest rates, insights into the current housing market for those thinking about making a move, and a homeowner tip or reminder, offering practical advice to enhance your home life and maintain your property's value. Think of us as your friendly next-door neighbor, always here with quick, useful info to help you navigate the world of homeownership. .

Here’s what we have for you today:

• Current Interest Rates On A 30yr Home Mortgage (6.99%)

• Buyer’s vs Seller’s Market Index (60)

• Homeowner Tip (New Year’s Resolution For Homeowners)

Mortgage Interest Rates Today

Today, Monday, January 1, 2024, the average interest rate for a 30-year fixed mortgage is 6.99%. That's a tiny bit lower than it was last week. And if you're thinking about refinancing your mortgage, the average rate for that is now 7.13%, which has also gone down a little since last week.

Buyer’s Vs. Seller’s Market Index Score

As we start the New Year, the real estate market across the USA is holding steady, with our Buyers vs. Sellers Index at 60 out of 100. This score takes into account that it's the beginning of a new year. Usually, after the holidays, more people start thinking about buying or selling homes. Right now, the market is more in favor of sellers. This is because house prices are still going up and there aren't a lot of homes available to buy. But there's some good news for buyers too. Mortgage interest rates have gone down a bit, and there are slowly more houses coming up for sale. This makes things a bit easier for people looking to buy. Remember, this score of 60 is a general look at the whole country, but things can be different in your local area. As we go further into the New Year, we'll keep an eye on how interest rates and the number of homes for sale change. This will help us understand what's happening in the housing market as 2024 goes on.

Daily Homeowner Tip

Kick off the New Year by making a simple checklist for taking care of your home. Think of it like a to-do list for your house that spreads out over the year. Add things like giving your house a good clean, checking and fixing your heating and cooling systems, and looking after your yard or garden. For example, you could plan to do a big clean in the spring, make sure your air conditioner is ready before the hot months start, and tidy up your garden when autumn comes. This way, your home stays in great shape, and you won't have to deal with big, expensive repairs later. Breaking down the jobs into smaller tasks throughout the year makes it easier to handle. Plus, taking care of your home bit by bit like this makes it a nicer place to live!

That’s all we have for you Today!

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. Some links may be affiliate links that we earn a commission from if you purchase, this helps us keep the newsletter going.