Your Daily Homeowner Newsletter For Wednesday, January 10th, 2024

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Wednesday, January 10th, 2024

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 (7.11%)

• Buyer/Seller Market Index (58)

• Homeowner Tip (Safe Storage)

Mortgage Interest Rates Today

Today, Wednesday, January 10, 2024, the average interest rate for a 30-year fixed mortgage is 7.11%. This is a slight increase compared to last week. Additionally, if you're looking to refinance your mortgage, the average rate for a 30-year fixed refinance is currently 7.29%, which has also gone up a bit from the previous week.

Buyer’s Vs. Seller’s Market Index Score

Today brings a small shift in our Real Estate Market Index Score, which we're adjusting back to 58 from yesterday's 59. This change comes as we've noticed a slight uptick in interest rates. While these fluctuations are common, they do influence how people think about buying or selling homes.

As we continue through January, a month where many start to plan their real estate moves for the year, these interest rate changes can sway decisions. If interest rates stabilize or decrease again, we might see an increase in buying and selling activity as we get closer to spring.

For those in the market to buy or sell, today's score of 58 still indicates a seller's market, but not by a wide margin. This means that while sellers might have a slight advantage, there's still room for buyers to find good opportunities, particularly if they stay informed about day-to-day market changes.

Remember, this 58 score is a broad overview of what's happening across the country. Real estate conditions can vary significantly in your local area, so it's always beneficial to look into local market trends as well. We'll keep an eye on how interest rates and the availability of homes evolve, providing you with the most current information to help make your real estate decisions. Keep checking in for daily updates!"

Daily Homeowner Tip

Today is a good day to look at how you're storing things in your home, especially focusing on safety. Make sure that any heavy items, like big boxes or appliances, are stored low to the ground. This helps prevent them from falling and causing injuries. Also, if you have things like cleaning products, paint, or any other hazardous materials, keep them high up or locked away where kids and pets can't get to them. It's important to think about how these items are placed in your storage areas to keep everyone in your home safe. A quick check and rearranging some items can really make a big difference in preventing accidents. It's all about making your home a safer place for everyone.

That’s all we have for 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.