28
Oct
By Adrian Willanger
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – October 28th, 2024

This week saw relatively light activity, primarily focused on discussions with the Federal Reserve Board. The only truly notable report released was the Consumer Sentiment Report, which happily reported that sentiment had risen for the month of October. Meanwhile, the Federal Reserve’s latest Beige Book survey noted a slight decline in manufacturing activity. Consumer Sentiment (Final) Confidence among Republicans in a potential Donald Trump victory helped drive consumer sentiment to a six-month high less than two weeks before the U.S. presidential election. The University of Michigan reported on Friday that the initial October reading of consumer sentiment rose to 70.5,…
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25
Oct
By Adrian Willanger
Selling Your Home, ,

Clutter vs. Clear Space When Making Your Home Buyer-Ready

When it comes to selling your home, one of the biggest hurdles many people face is clutter. After years of living in the same space, it’s easy to accumulate items that hold sentimental value, making it challenging to let go. However, clutter can significantly impact how potential buyers perceive your home, even if you don’t realize it. Here’s how to tackle clutter in various areas of your home to create a welcoming environment that attracts buyers. The Emotional Attachment to Clutter It’s common for homeowners to feel emotionally attached to their belongings, making it hard to view their space objectively.…
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24
Oct
By Adrian Willanger
Real Estate Tips, ,

Tips for Families Thar Are Preparing for a Move

Moving to a new home can be an exciting adventure, especially for families. However, for children, it can also bring a mix of emotions. As a parent, you play a crucial role in helping your kids transition smoothly. Here are some strategies to prepare your children for the big move while also navigating the process effectively. Announce the Move Positively Your current home may hold cherished memories for your children, and it’s likely the only place they remember living. To help ease the transition, share the news of your move in an upbeat manner. Highlight the positive aspects of your…
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23
Oct
By Adrian Willanger
Real Estate, ,

Essential Final Verifications Before Closing The Mortgage On Your New Home

As you approach the final stages of securing your mortgage, it’s crucial to understand the various verifications that lenders perform to ensure they’re making a sound investment. Just as you confirm the condition of your future home through a property inspection, lenders also conduct thorough checks before finalizing your mortgage. These steps are designed to protect both you and the lender, and while they may add to your closing costs, they play a vital role in a smooth transaction. Key Final Verifications Property Appraisal One of the first steps in this final verification process is the property appraisal. This independent…
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22
Oct
By Adrian Willanger
Home Seller Tips, ,

Understanding the Costs of Selling Your Home

Selling your home can be an exciting yet daunting process, and one of the most pressing questions you may have is, “What will it cost me?” The total expenses involved in selling a home can fluctuate based on various factors, including the sale price, any concessions you might offer to buyers, and the condition of your property. Understanding these costs upfront can help you plan better and minimize surprises down the road. Key Expenses to Anticipate 1. Closing Costs and Commissions One of the largest expenses you'll encounter is the closing costs, which typically range from 2% to 4% of…
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21
Oct
By Adrian Willanger
Financial Reports, ,

What’s Ahead For Mortgage Rates This Week – October 21st, 2024

The release of last week's inflation data has left this week with very few significant data updates. The most important information will come from various Federal Reserve members speaking on different topics. They have consistently emphasized that they will closely monitor the data to decide whether further rate cuts are needed in their upcoming rate decision meeting. Much of the market is optimistic that rate cuts will continue. Additionally, several smaller retail sales data releases are expected soon, which will provide insight into the current strength of the economy. Retail Sales Retail sales increased 0.4% in September, with strength in…
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