Your Daily Homeowner Newsletter For Monday, December 18th, 2023

Today’s edition is brought to you by ‘Ted’s Woodworking’  the world’s largest collection of over 16,000+ woodworking plans.

Monday, December 18th, 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 (7.26%)

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

• Homeowner Tip (Furnace Filters)

Mortgage Interest Rates Today

Today, borrowers are paying an average rate of 7.26% 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

With winter upon us, it's vital to keep your home's heating system running at peak efficiency. Today, set aside a moment to replace or clean your furnace filters. Clogged or dirty filters can impede airflow, forcing your system to work harder and use more energy. By maintaining clean filters, especially during the high-usage winter months, you not only reduce your heating bills but also improve the air quality in your home. Regularly checking and replacing these filters monthly can also prolong the life of your furnace. This simple act of maintenance is a key step in ensuring your home remains warm and energy-efficient throughout the colder season.

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.