Sunrise Homes & Renovations, Inc.

What’s Ahead For Mortgage Rates This Week – December 8th, 2025

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The PCE Index reports have come in—albeit delayed—and show inflation numbers that fell within expectations. The data also indicates that inflation has not worsened since before the government shutdown. It is widely believed that the Federal Reserve will likely cut rates once more.

This is followed by another Consumer Spending report showing that spending rose in September and October, though the momentum appears to be slowing. Much of the optimism in the broader markets going forward hinges on the potential for further interest rate cuts.

Consumer Spending
Personal spending rose 0.3% in September, the government said Friday. That was a touch slower than in the prior two months, but it capped off a strong third quarter. Wall Street economists predict GDP could show 3% annual growth or more. Rising incomes and household wealth, especially among upper-income families, are helping to fan the fire. Worker pay is increasing faster than inflation.

PCE Index
The rate of U.S. inflation stayed stuck close to 3% before the government shutdown, a long-delayed report showed, providing a final piece of the puzzle before the Federal Reserve votes on whether to cut interest rates again.

Primary Mortgage Market Survey Index
• 15-Yr FRM rates saw a decrease of -0.07% for this week, with the current rate at 5.44%
• 30-Yr FRM rates saw a decrease of -0.04% for this week, with the current rate at 6.19%

MND Rate Index
• 30-Yr FHA rates saw an increase of 0.03% for this week. Current rates at 5.89%
• 30-Yr VA rates saw an increase of 0.02% for this week. Current rates at 5.90%

Jobless Claims
Initial Claims were reported to be 191,000 compared to the expected claims of 218,000. The prior week landed at 216,000.

What’s Ahead
Next week, the Consumer Price Index is scheduled to be released.

Why the Cheapest Home on the Block Might Not Be the Best Deal

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Finding a home with a low price can feel exciting, especially in a competitive market. However, the lowest priced home on the block is not always the best value. While it may seem like a smart way to save money, the true cost often becomes clear only after you look deeper. Understanding the risks and hidden factors can help you avoid a purchase that may cost more in the long run.

Condition Matters More Than Price
A low price often signals that the home needs repairs or updates. Cosmetic changes are simple, but structural issues, outdated systems, or neglected maintenance can lead to major expenses. Before falling in love with the price, it is important to understand what the home truly needs.

Your Investment Should Match the Neighborhood
Homes gain value based on the surrounding area. If the lowest priced home has features that are far below the standard of nearby properties, you may need to invest more to bring it up to neighborhood expectations. Even with improvements, the home may still struggle to match the value of surrounding houses.

Hidden Costs Can Add Up Quickly
A home with a low purchase price may come with higher long-term costs. Older roofs, outdated electrical systems, plumbing issues, and foundation concerns can add significant expenses. These costs can easily outweigh the savings from buying the cheapest home in the area.

Resale Value May Be Impacted
A low priced home can be harder to sell later if it remains below neighborhood standards. Buyers often compare homes within the same area, and your home may stand out for the wrong reasons. Even after upgrades, resale value may not grow as quickly as homes that already match the neighborhood.

Renovation Time and Stress Are Real Factors
Renovating takes time, money, and patience. If you buy a home that needs a lot of work, it may impact your daily life more than expected. Delays, contractor availability, and budget changes can create stress and slow down your move in timeline.

Know When a Low Price Is a Good Opportunity
Not every low-priced home is a bad deal. Some are priced low because the seller wants a quick sale or because the updates needed are minor. A thorough inspection and a detailed evaluation help you determine whether the home is a smart investment or a financial risk.

Make Your Decision with Confidence
The cheapest home on the block may seem appealing, but it is important to look beyond the price. With the right guidance and careful review of the property, you can make a choice that protects your long-term financial goals.

How to Appeal Property Taxes on Your Home

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Many homeowners are surprised when they receive their annual property tax bill and notice an increase that feels higher than expected. The good news is that you have the right to appeal your property tax assessment if you believe it does not reflect the true value of your home. Understanding the process can help you protect your budget and ensure that you are being taxed fairly.

Know What Your Assessment Means
Your property tax bill is based on the value assigned to your home by your local tax authority. This value may not match the current market value. It is an estimate that is sometimes updated on a set schedule rather than in real time. Reviewing this number closely is the first step toward knowing if an appeal is worth pursuing.

Compare Your Home to Similar Properties
Before filing an appeal, compare your home to other similar homes that recently sold in your area. Look for homes with similar size, age, and features. If you notice that your assessed value is significantly higher than comparable properties, it may be a strong sign that your assessment is inaccurate. Real estate agents often provide market reports that can help with this step.

Look for Errors in Your Record
Tax authorities sometimes use outdated or incorrect information when assessing a property. Review the details used to calculate your value. Check the number of bedrooms, bathrooms, square footage, and improvements. If something is wrong, correcting the record can reduce your property tax bill without needing a full appeal.

Gather the Right Evidence
Successful appeals rely on strong documentation. This may include recent sales data, photos of your home, contractor estimates for needed repairs, or an independent appraisal. The clearer and complete your evidence is, the easier it becomes to prove that your assessment is too high.

File Your Appeal on Time
Each city and county has deadlines for submitting appeals. These dates are very important. Missing a deadline may require you to wait an entire year before trying again. Filing early helps you stay organized and gives you time to provide all required documents.

Prepare for the Review Process
Some appeals are resolved through written documentation, while others require a meeting with the review board. If a meeting is scheduled, stay calm and focused. Present your evidence clearly and explain why your assessment does not accurately reflect the value of your home. Real estate professionals can be helpful in guiding you through this step.

Fair Property Taxes Start with Accurate Information
Appealing your property taxes takes some effort, but it can lead to meaningful savings. By reviewing your assessment and gathering the right information, you can make sure you are paying a fair amount based on the true value of your home.

Avoiding the Most Common Home Remodeling Mistakes

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Remodeling your home can be exciting, but it can also lead to frustration if you run into unexpected problems. Many homeowners make the same mistakes when they start renovation projects, which can lead to delays, extra costs, and disappointing results. With a little planning and the right guidance, you can avoid these common issues and enjoy a smooth and successful remodel.

Lack of a Clear Plan
One of the biggest mistakes is starting a project without a solid plan. A detailed plan helps you understand your budget, timeline, materials, and overall goals. Without this clarity, you may face last-minute changes or spend more than expected. Taking the time to plan your project saves you stress and keeps your remodel on track.

Ignoring the Budget
Another common issue is overlooking the true cost of a remodel. Even small projects can add up quickly. It is important to set a realistic budget and include a cushion for surprises. Prices for materials, labor, and permits can shift, so having room in your budget gives you flexibility when something unexpected comes up.

Choosing the Wrong Contractor
Hiring the right professional makes a major difference in the success of your project. Some homeowners choose a contractor based only on price, but the lowest price does not always provide the best results. Look for someone with strong reviews, proper licensing, and clear communication. A trustworthy contractor helps prevent costly mistakes and keeps your project running smoothly.

Skipping Necessary Permits
Permits may feel like an extra step, but they protect you and your home. Skipping required permits can result in fines, delays, or problems when you try to sell your home. Each city and county has specific rules about what needs approval, and a good contractor can guide you through the process.

Choosing Trends Over Timeless Design
Trendy styles can be fun, but they may not stay in style for long. If you plan to sell your home in the future, it is usually smarter to choose timeless colors and materials. You can still add personality with decor and accessories, while keeping your main design elements classic and appealing.

Not Preparing for Disruption
Every remodel brings some level of noise, dust, and inconvenience. Homeowners often underestimate how much their daily routines will be affected. Preparing in advance helps reduce frustration. This may include creating a temporary kitchen space, planning alternate living arrangements, or setting clear expectations with your contractor.

A Smooth Remodel Starts with Smart Planning
By understanding and avoiding these common mistakes, you give yourself a better chance at a successful project. With the right plan, team, and expectations, your remodel can transform your home and increase its long-term value.

Learning the Language of Real Estate for Beginners

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Buying a home is exciting, but the language of real estate can feel overwhelming if you are new to the process. Many buyers hear unfamiliar terms at showings, in listings, or during conversations with lenders. Understanding this language gives you more confidence and helps you make informed decisions as you move through your home search.

What Real Estate Terms Really Mean
Real estate has its own vocabulary, and many of the words describe common parts of the process. Learning these terms makes it easier to understand contracts, compare homes, and communicate with your real estate agent. You do not need to become an expert, but understanding the basics gives you a strong advantage.

Listing Price
This is the price a seller chooses when they place the home for sale. It is a starting point, not a final number. Homes can sell for more or less depending on demand, condition, and market trends. Knowing this helps you understand how competitive an area may be.

Contingencies
A contingency is a condition that must be met for the sale to move forward. Common examples include the home inspection contingency and the financing contingency. These conditions protect you by giving you time to verify that the home and your loan both meet your expectations.

Earnest Money Deposit
This is a payment you make when your offer is accepted. It shows the seller you are serious about buying the home. The money is held safely and later applied to your closing costs or down payment. If you follow the terms of your contract, the deposit stays protected.

Appraisal
An appraisal is a professional report that estimates the value of the home. Lenders require this to confirm that the home is worth the amount you are borrowing. The appraisal helps ensure that you are making a smart financial decision and protects both you and the lender.

Closing Costs
These are the fees connected to finalizing your home purchase. They may include lender fees, title services, and pre-paid items. Understanding your closing costs early helps you plan your total budget with confidence.

Why Real Estate Terms Matter
Knowing these terms helps you feel prepared, ask the right questions, and avoid surprises. As your real estate agent, my goal is to make the process clear, calm, and manageable from beginning to end.

What’s Ahead For Mortgage Rates This Week – December 1st, 2025

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Many of the reports scheduled for release last week were delayed yet again, including the anticipated unemployment data. There is an expectation that they will be released next week. The only on-time release was the third-party Consumer Sentiment report from the University of Michigan, which aligned with expectations and generally indicated that consumers remain dissatisfied with the current state of things, citing high prices and consistently weakening incomes.

Univ. of Michigan Consumer Report
Consumer sentiment was little changed this month with a 2.6 index point decrease from October that is within the margin of error. After the federal shutdown ended, sentiment lifted slightly from its mid-month reading. However, consumers remain frustrated about the persistence of high prices and weakening incomes. This month, current personal finances and buying conditions for durables both plunged more than 10%, whereas expectations for the future improved modestly.

Primary Mortgage Market Survey Index
• 15-Yr FRM rates saw a decrease of -0.03% for this week, with the current rate at 5.51%
• 30-Yr FRM rates saw a decrease of -0.03% for this week, with the current rate at 6.23%

MND Rate Index
• 30-Yr FHA rates saw a decrease of -0.08% for this week. Current rates at 5.86%
• 30-Yr VA rates saw a decrease of -0.07% for this week.Current rates at 5.88%

Jobless Claims
Initial Claims were delayed until the following week.

What’s Ahead
PPI and PCE Index inflation reports are the biggest data releases next week, along with the delayed unemployment data.