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Mistakes To Avoid When Organizing Your Home

December 20, 2022 by Valeria Gaufillier

Mistakes To Avoid When Organizing Your HomeIf your house has a tremendous amount of clutter in it, you might finally think it is time to do something about it. Now is the perfect opportunity for you to get your house organized, and you probably want to start by tackling the piles of clothing and paper in the middle of the floor. Before you jump in feet first, take a look at a few mistakes you need to avoid when organizing your home.

Buying Boxes Before Assessing The Situation

You might be ready to start throwing items in boxes, but you need to assess how much you have first. If you don’t understand just how disorganized your house is, you will have a difficult time purchasing the right storage bins. Make sure you measure your drawers, closets, shelves, and even the space underneath your bed. That way, you understand exactly how many storage bins you need before you go on a shopping spree.

Not Scheduling The Organization Spree Ahead Of Time

You need to pick the right time to organize your house. Make sure you are focused and energetic, but ensure you are not distracted by something that might be more appealing. Even though the right time is not going to magically reveal itself to you, you need to be intentional about when you decide to start organizing your house.

Rearranging Instead Of Organizing

There is a difference between rearranging your house and organizing it. We are arranging your house simply means making it look “neat” and “clean.” It does not necessarily mean it is organized. You need to be intentional about where you place your items, and you must make sure you get rid of items you no longer need. Make sure that once you put an item in a certain location, you want it to stay there for the foreseeable future. This is particularly true when it comes to books, clothing, and pantry supplies.

Avoid These Mistakes When Organizing Your Home

There is no single right way to organize your house, but these are a few of the most common mistakes to avoid. Make sure you have a plan in place before you start organizing your house. That way, you can complete the job in a timely manner. 

Filed Under: Mortgage Tagged With: Home Organization, Mortgage, Organize

What’s Ahead For Mortgage Rates This Week – December 19, 2202

December 19, 2022 by Valeria Gaufillier

What's Ahead For Mortgage Rates This Week - December 19, 2202Last week’s economic reporting included readings on inflation, retail sales, and the Federal Reserve’s Federal Open Market Committee meeting.  Fed Chair Jerome  Powell held his scheduled post-meeting press conference and weekly readings on mortgage rates and jobless claims were also released.

Federal Reserve Raises Target Interest Rate Range

The Federal Reserve’s Federal Open Market Committee announced its decision to raise the Fed’s target interest rate range to 4.25 to 4.50 percent from its previous range of 3.75 to 4.00 percent.

Fed Chair Jerome Powell said in remarks made during his scheduled press conference, “We’re going into next year with higher inflation than we thought.” Seven Fed officials predicted rising interest rates with the Fed’s interest rate range potentially reaching 5.75 percent. Analysts said that the Fed’s position of controlling inflation at any cost could result in a recession. Chair Powell said it was impossible to predict if a recession would occur and how deep it might go and how long it could last. He repeated the Fed’s commitment to controlling high inflation.

Mortgage Rates, Jobless Claims  Fall

Freddie Mac reported lower fixed mortgage rates last week as the average rate for 30-year fixed-rate mortgages dropped by two basis points to 6.31 percent. The average rate for 15-year fixed-rate mortgages dropped by 13 basis points to 5.54 percent.

Initial jobless claims fell to 211,000 first-time claims filed as compared to the prior week’s reading of 231,000 new jobless claims filed. Continuing jobless claims were reported as unchanged from the prior week with 167,000 ongoing unemployment claims filed.

The Commerce Department reported lower retail sales in November than in October. Retail sales decreased by -0.6 percent in November, which surpassed analysts’ estimates of -0.3 percent. Lower retail sales could suggest an impending recession as consumers hold back on paying rapidly rising prices for non-essential goods and services.

What’s Ahead

This week’s scheduled economic reporting includes readings from the National Association of Home Builders on U.S. housing markets and Commerce Department data on building permits issued and housing starts. Reports on sales of new and previously-owned homes and weekly readings on mortgage rates and jobless claims will also be released.

Filed Under: Financial Reports Tagged With: Interest Rates, Jobless Claims, Mortgage Rates

Should You Consider Purchasing A Newly Built Home?

December 16, 2022 by Valeria Gaufillier

Should You Consider Purchasing A Newly Built Home?If you have been in the process of looking for a home for a long time, you understand just how difficult it has been. You may have considered building your own house, but after seeing the bidding wars for land before you even start building, you may have crossed newly built homes off your list. Now, there are a few reasons why you should consider adding new homes back to your search. 

There Is An Elevated Supply Of Newly Built Homes

Right now, there is an elevated supply of newly built homes. Even though the overall inventory of available houses continues to lag behind, new single-family home inventory remains elevated. This means that builders may offer incentives to sell the homes they have already started building. They want to keep building homes, but they cannot do so until they sell the houses they have already constructed. They may even provide you with discounts on special features.

You Have Fewer Repair And Maintenance Expenses

Another benefit of purchasing a new house is that you will have fewer repair and maintenance expenses. Down the road, you may have to replace the hot water heater, the HVAC unit, and even the roof on your house; however, when a house is brand new, there is a much lower chance of something going wrong. That can free up money that you can spend in other areas.

You Customize The House To Meet Your Needs

Finally, if you purchase a new house, you also have the option to customize it to meet your needs. For example, you might want a bonus room that can serve as a separate area in which your kids can play. Or, you might want your kitchen to be laid out in a certain way. You may also want your garage to be large enough to fit multiple cars. Your builder may work with you to provide you with those specific features.

Consider Purchasing A Newly Built House

If you are having a hard time finding a resale home to meet your needs, consider working with a construction company to build your own house. It may be more affordable than you think, as builders may offer incentives if they have an oversupply.

Filed Under: Mortgage Tagged With: Construction, Mortgage, New Home

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Valeria Gaufillier

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Eastern Financial Mortgage
Call (305) 510-4182
NMLS#187122

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