Your Daily Homeowner Newsletter For Wednesday, January 3rd, 2024

Wednesday, January 3rd, 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 (7.05%)

• Buyer’s vs Seller’s Market Index (58)

• Homeowner Tip (Decluttering)

Mortgage Interest Rates Today

Today, January 3, 2024, the average interest rate for a standard 30-year mortgage is 7.05%, which is a slight increase from last week. Also, if you're looking to refinance your mortgage, the average rate for a 30-year refinance is now 7.21%, which has also gone up a bit over the past week.

Buyer’s Vs. Seller’s Market Index Score

Our Buyer-Seller Index is now at 58 out of 100, slightly down from yesterday. This change is due to a small increase in mortgage interest rates. Higher rates can lead to fewer people looking to buy homes, which slightly shifts the market. However, it's important to note that we're still in a seller's market. This is mainly because there's still a low number of homes available for sale. So, while the market has moved a bit towards buyers due to the reduced buyer demand, sellers still have the upper hand because of the continuing low inventory. Remember, this 58 score is an overview of the national market; the situation in your local area might vary. As 2024 progresses, we'll keep an eye on changes in interest rates and home availability to help you understand the ongoing trends in the housing market.

Daily Homeowner Tip

Kick off the new year by tidying up your home. Take some time to go through your stuff and find things you don't use anymore. You might have clothes you don't wear, old books, or gadgets that just sit around. Instead of letting these items take up space, decide what to do with them. You can donate things that are still in good shape to charity, sell items online or at a garage sale, or recycle stuff that can't be used anymore. Doing this not only clears out your space, making your home feel more open and welcoming, but it also feels good to give things a new life, whether it's helping someone else or being recycled. Plus, a less cluttered home can make you feel more relaxed and organized. It's a great way to start the year fresh!

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.