Your Daily Homeowner Newsletter For Tuesday, December 19th, 2023

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Tuesday, December 19th, 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 (7.29%)

• Buyer’s vs Seller’s Market Index (59)

• Homeowner Tip (Protect Your Pipes)

Mortgage Interest Rates Today

Today, borrowers are paying an average rate of 7.29% on a 30-year mortgage. This is down from last week’s average rate of 7.56%.

Buyer’s Vs. Seller’s Market Index Score

The current real estate market in the USA scores a 59 out of 100, indicating a market leaning towards sellers but not extremely so. This score reflects a balancing market with continued year-over-year home price growth and low inventory levels favoring sellers, alongside increasing inventory and signs of cooling, such as price reductions and seller concessions in some US markets, which provide some advantages to buyers​​​​​​.

Daily Homeowner Tip

As the temperature drops, safeguarding your home against the cold becomes crucial. One key area to focus on is pipe insulation. Exposed pipes in your home, particularly in less insulated areas like basements, attics, and garages, are vulnerable to freezing when temperatures plunge. Frozen pipes can not only disrupt water flow but also risk bursting, leading to potential water damage and costly repairs. Wrapping these pipes with proper insulation material is a simple yet effective way to protect them. This preventative measure ensures they remain functional throughout the cold season and helps maintain the integrity of your home’s plumbing system. Remember, a little precaution now can prevent major headaches later!

That’s all we have for you Today!

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.