Sunrise Homes & Renovations, Inc.

What’s Ahead For Mortgage Rates This Week – July 13th, 2026

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The Trade Balance has offered little new insight, as it has largely returned to levels seen prior to the earlier period of unstable tariff policies. Consumer Credit had been trending upward nearly every month; however, this latest report breaks that pattern by showing a decline in consumer credit usage. Meanwhile, the Fed’s Minutes revealed nothing particularly substantial, instead reflecting a dovish stance and a willingness to maintain current interest rates for the foreseeable future.

Consumer Credit
Total US consumer credit fell by $0.18 billion in May 2026, following an upwardly revised $20.82 billion increase in April and missing market expectations for a $17.1 billion gain. Revolving credit, which includes credit card debt, declined to $1.34 trillion from $1.35 trillion, pointing to weaker short-term consumer borrowing. Meanwhile, non-revolving credit, which includes auto and student loans, increased to $3.81 trillion from $3.80 trillion. Overall consumer credit was unchanged on an annualized, seasonally adjusted basis, as revolving credit contracted at a 4.7% annual rate while non-revolving credit grew at a 1.6% pace.

U.S. Trade Balance
The US trade deficit widened sharply to $77.6 billion in May 2026 from a revised $54.6 billion in April, broadly in line with market expectations of a $78.5 billion shortfall. The gap was the largest since March 2025, as imports climbed 3.3% to $395.3 billion, their highest level in more than a year. The increase was driven primarily by higher purchases of consumer goods, particularly pharmaceutical preparations and cell phones, as well as crude oil and passenger cars. 

Primary Mortgage Market Survey Index

  • 15-Year FRM rates saw an increase of 0.03%, bringing the current rate to 5.82%.
  • 30-Year FRM rates saw an increase of 0.06%, bringing the current rate to 6.49%.

MND Rate Index

  • 30-Year FHA rates saw an increase of 0.04%, with current rate at 6.21%.
  • 30-Year VA rates saw an increase of 0.04%, with current rate at 6.23%.

Jobless Claims
Initial Claims were reported to be 215,000 compared to the expected claims of 218,000. The previous landed at 217,000.

What’s Ahead
Next week brings the release of the Consumer Price Index (CPI) and Producer Price Index (PPI) inflation reports. Although inflation remains an important indicator, these reports are not expected to significantly alter the Federal Reserve’s current stance on interest rates.

How Pets Can Influence the Home You Should Buy

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For many people, pets are more than companions. They are family. While buyers often focus on square footage, kitchens, and curb appeal, it is just as important to consider how well a home fits the needs of your four-legged family members. Thinking about your pets before making an offer can help you choose a home that is comfortable, practical, and enjoyable for everyone.

Consider the Outdoor Space
A yard can be a wonderful feature for dogs, but bigger is not always better. Think about whether the yard is securely fenced, easy to maintain, and provides enough room for your pet to play safely. If there is no fence, consider the cost of adding one and whether local regulations or homeowners associations have any restrictions.

Choose Flooring That Fits Your Lifestyle
Flooring can make a big difference when you have pets. Carpet may feel cozy, but it can be more difficult to keep clean after muddy paws or accidents. Hard surface flooring, such as luxury vinyl, tile, or hardwood, is often easier to maintain and may hold up better to everyday wear from active pets.

Think About the Home’s Layout
The layout of a home can affect both you and your pets. Consider where food and water bowls will go, whether there is a convenient place for a crate or pet bed, and if there is enough space for your pet to move comfortably. Homes with easy access to the backyard can also make daily routines much more convenient.

Research the Surrounding Area
The neighborhood matters just as much as the home itself. Look for nearby walking trails, parks, sidewalks, and veterinary clinics. If you enjoy taking your dog on daily walks, these nearby amenities can make a significant difference in your overall quality of life.

Plan for the Future
Your needs may change over the years, and so may your pets’. A home that works well today should also support your lifestyle in the future. Whether you plan to adopt another pet or simply want room for your current companion to grow older comfortably, thinking ahead can help you make a smarter long-term decision.

Finding the right home means considering every member of your household, including the ones with paws. By keeping your pet’s needs in mind during your home search, you can choose a home that provides comfort, convenience, and happiness for the entire family.

What Buyers Often Wish They Had Measured Before Closing

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It is easy to fall in love with a home during a showing. The layout feels right, the kitchen is beautiful, and you can already picture where your furniture will go. Unfortunately, many buyers discover after moving in that some of their belongings do not fit quite as expected. Taking a few simple measurements before closing can save time, money, and frustration once moving day arrives.

Measure Your Furniture First
Large sectionals, dining tables, bed frames, and entertainment centers often become part of a home’s design in our imagination. Before purchasing a home, measure your largest pieces of furniture and compare them to the dimensions of the rooms. This simple step can help you determine whether your existing furniture will fit comfortably or whether you may need to make adjustments.

Do Not Forget the Doorways
A spacious room does not always mean your furniture can get there. Hallways, staircases, doorways, and entryways can sometimes create unexpected challenges during moving day. Measuring these access points ahead of time helps you avoid the unpleasant surprise of discovering that your favorite sofa or refrigerator cannot make it into the room.

Think About Storage Space
Closets may look generous during a walkthrough, but appearances can be deceiving. Measure closet widths, pantry shelves, garage storage areas, and laundry rooms to make sure they will accommodate your everyday needs. Buyers often wish they had paid closer attention to storage because it affects daily life far more than they expected.

Consider Your Vehicle
The garage is another area that deserves careful attention. Measure its width, depth, and height to confirm your vehicle fits comfortably while still leaving room to open doors, store tools, bicycles, or seasonal decorations. If you own a truck or sport utility vehicle, these measurements become even more important.

Planning Today Prevents Problems Tomorrow
Taking measurements may not be the most exciting part of buying a home, but it is one of the easiest ways to avoid unnecessary expenses after you move in. Knowing your furniture, appliances, and vehicles will fit properly allows you to settle into your new home with confidence instead of scrambling to replace items that no longer work in the space.

Buying a home is about more than choosing the right location or floor plan. Paying attention to the small details before closing can make your transition smoother and help ensure your new home feels comfortable from the very first day.

The Hidden Costs of Owning a Larger Yard

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A spacious yard is one of the most desirable features for many homebuyers. It offers room for children to play, space for entertainment, and plenty of opportunities to create your own outdoor retreat. However, a larger yard also comes with ongoing responsibilities that are easy to overlook during the excitement of purchasing a home.

Understanding these costs before you buy can help you choose a property that truly fits both your lifestyle and your budget.

Think Beyond Lawn Mowing
Many buyers assume the biggest expense of a larger yard is simply mowing the grass. In reality, routine maintenance often includes fertilizing, weed control, trimming shrubs, pruning trees, mulching flower beds, and seasonal cleanup. If you prefer not to handle these tasks yourself, hiring a landscaping company can become a regular monthly expense.

Water Bills Can Add Up
Keeping a large lawn green and healthy often requires significant watering, especially during warmer months. Depending on where you live, irrigation costs can noticeably increase your monthly utility bill. Before purchasing a home, consider the local climate and whether maintaining a lush landscape fits comfortably within your budget.

Outdoor Equipment Is an Investment
Owning a larger yard may also require additional equipment. Lawn mowers, trimmers, leaf blowers, hoses, sprinklers, ladders, and gardening tools all come with purchase and maintenance costs. While these items can last for years, they represent an investment that many first-time homeowners do not initially consider.

More Space Means More Responsibility
Large yards often include fences, retaining walls, patios, decks, sheds, or mature trees that require periodic maintenance. These features can add tremendous beauty and value to a property, but they also require time and money to keep them looking their best. Regular upkeep helps protect your investment and prevents small issues from becoming costly repairs.

Find the Right Balance for Your Lifestyle
A beautiful yard can absolutely be worth the extra effort if you enjoy spending time outdoors or entertaining family and friends. The key is choosing a property that matches the amount of maintenance you realistically want to handle. A yard should enhance your lifestyle, not become another source of stress or unexpected expense.

Buying a home is about finding the right balance between your dreams and your day-to-day life. By understanding the hidden costs of a larger yard before making an offer, you can choose a home that brings years of enjoyment while staying comfortably within your budget.

How to Revive a Brown Lawn This Summer

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A healthy green lawn can quickly turn brown during the hot summer months. While extreme heat is often blamed, it’s not always the only reason your grass may start to lose its color.

The good news? A brown lawn is not always a dead lawn. In many cases, your grass may simply be stressed or dormant, and with the right care, it can bounce back.

What Causes a Lawn to Turn Brown?

One of the most common reasons for a brown lawn is drought stress, which happens when grass does not receive enough moisture during periods of hot or dry weather.

When grass experiences drought stress, it may enter dormancy as a survival mechanism. A simple way to check is the “footprint test.” Step onto a brown area of your lawn, and if your footprint remains visible instead of the grass springing back up, your lawn may need more water.

Drought-related brown patches often appear unevenly throughout the yard. This is different from brown areas caused by sprinkler problems, drainage issues, or areas receiving different amounts of sun exposure.

Other Reasons Your Lawn May Be Turning Brown

A lack of water isn’t the only possible cause. Brown grass can also result from:

  • Sprinkler issues: Uneven coverage can leave certain areas thirsty while others receive plenty of water.
  • Lawn pests: Insects such as grubs or chinch bugs can damage roots and weaken grass.
  • Weeds: Invasive plants compete with your grass for nutrients, sunlight, and water.
  • Mowing too short: Cutting grass too low can increase stress by removing the natural shade grass blades provide.
  • Overwatering: Too much water can contribute to shallow roots, disease, and unhealthy growth.
  • Soil problems: Compacted soil may prevent water and nutrients from properly reaching the roots.

If a lawn has been dormant or damaged for an extended period of time, certain areas may need reseeding or additional care to fully recover.

Start by identifying the likely cause before applying treatments. If drought stress is the issue, begin with consistent deep watering rather than frequent shallow watering. Many lawns benefit from about one inch of water per week, including rainfall, but exact needs vary depending on your climate and grass type.

A brown lawn can be frustrating, but it does not always mean starting over. With patience and the right care, many lawns can recover and become healthy and green again.

What’s Ahead For Mortgage Rates This Week – July 6th, 2026

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Unemployment data has shown some rather interesting statistics, with the lowest unemployment rates in the last 14 months being reported. Looking closer at the statistics shows that the unemployment rate hasn’t just dropped due to more people finding work, but also because a significant number of people have stopped looking for work, causing the numbers to appear more favorable.

Among analysts, this is a pretty standout example, and currently, the Federal Reserve has made no indication that it plans to change its policies on interest rates, with many members of the board still favoring increasing rates again. Hourly wages have also seen a modest increase, but this growth has been overshadowed by the increase in inflation for quite some time.

Unemployment Report
The unemployment rate fell in June to a 14-month low of 4.2%. Good news, right? Yes and no. The biggest reason the jobless rate fell is that 720,000 people dropped out of the labor force. This is usually a bad sign, as it means people are too discouraged to look for work.

Consumer Confidence
Consumer Confidence Index rose 0.6 point to 91.2 in June, a figure that is still below its year-ago reading of 95.2. Consumer attitudes worsened after the Iran war caused oil and gas prices to spike, accelerating inflation and causing Americans’ inflation-adjusted incomes to decline. Before the pandemic, the index regularly topped 120.

Primary Mortgage Market Survey Index

  • 15-Year FRM rates saw a decrease of -0.05%, bringing the current rate to 5.79%.
  • 30-Year FRM rates saw a decrease of -0.06%, bringing the current rate to 6.43%.

MND Rate Index

  • 30-Year FHA rates saw an increase of 0.07%, with current rate at 6.17%.
  • 30-Year VA rates saw an increase of 0.07%, with current rate at 6.19%.

Jobless Claims
Initial Claims were reported to be 215,000 compared to the expected claims of 220,000. The previous week landed at 216,000.

What’s Ahead
A very light week lies ahead, with key economic updates including the U.S. Trade Balance and Consumer Credit reports, along with the Fed’s FOMC Meeting Minutes.