Your Daily Homeowner Newsletter For Thursday, December 28th, 2023

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Thursday, December 28th, 2023

Good day neighbor!

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 (6.93%)

• Buyer’s vs Seller’s Market Index (61)

• Homeowner Tip (Dryer Maintenance)

Mortgage Interest Rates Today

Today, December 28, 2023, the average interest rate for a standard 30-year mortgage is 6.93%. This is a slight drop from last week, down by 0.16%. If you're thinking about refinancing your home, the average rate for a 30-year refinance is now 7.09%, which has also gone down by 0.07% since last week

Buyer’s Vs. Seller’s Market Index Score

Right after Christmas and as we get ready for the New Year, the real estate market in the USA is still showing a slight shift towards sellers, with our score today being 61/100. This change is because people are getting back to normal activities after the holidays, and the market usually gets busier around this time.

What's new today is that mortgage interest rates have gone down a bit more, which is good news for people looking to buy a house. But, the market is still more favorable for those selling their homes. This is because home prices are still going up, and there aren't a lot of houses available for sale. However, with the interest rates dropping and a few more houses coming up for sale, buyers are starting to see some better chances.

It's important to remember that this score is just a general idea for the entire USA and might not match exactly what's happening in your local area. As we move into 2023, we'll keep watching things like changes in interest rates and the number of houses for sale. These are important to understand where the market is heading, and it helps both buyers and sellers make better decisions in the coming year.

Daily Homeowner Tip

Regularly cleaning the lint filter in your dryer is a crucial maintenance task. This simple action not only boosts the dryer's efficiency, leading to faster drying times and energy savings, but more importantly, it significantly reduces the risk of fire hazards. Accumulated lint can become a serious fire risk if not removed, as it can ignite from the heat of the dryer. Additionally, keeping the lint filter clean helps to extend the lifespan of your dryer, ensuring it operates at its best for years to come.

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.