Sunrise Homes & Renovations, Inc.

What’s Ahead For Mortgage Rates This Week – August 11th, 2025

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The major report to look out for was the Trade Balance, which has decreased more than expected, suggesting that the current administration’s policies are having an impact. However, the long-term impact on the economy as a whole remain to be seen. This was followed closely by consumer credit, which came in far lower than expected, though many are predicting that consumer credit usage will grow over time. While the labor market remains constrained, the consumer market has remained stable in spite of the uncertainty brought on by the tariff policies.

Trade Balance
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $60.2 billion in June, down $11.5 billion from $71.7 billion in May, revised.

Consumer Credit
Revolving credit, mainly credit cards, declined for the second straight month in June, the Federal Reserve said. Revolving credit fell at a 1% rate in June after a 3.5% drop in the prior month. Declines in credit-card borrowing are rare: The last time revolving credit fell for two straight months was during the COVID pandemic in 2020.

Primary Mortgage Market Survey Index

  • 15-Yr FRM rates saw a decrease of -0.10% with the current rate at 5.75%
  • 30-Yr FRM rates saw a decrease of -0.09% with the current rate at 6.63%

MND Rate Index

  • 30-Yr FHA rates saw a decrease of -0.07% this week. Current rates at 6.15%
  • 30-Yr VA rates saw a decrease of -0.08% this week. Current rates at 6.16%

Jobless Claims
Initial Claims were reported to be 226,000 compared to the expected claims of 221,000. The prior week landed at 219,000.

What’s Ahead
A heavy week with the next round of inflation data being released with both the CPI and PPI reports. It should be noted that this CPI will feature less recorded data, relying more on estimations. In addition, Retail Sales, Consumer Sentiment, and Treasury Budget should prove to be impactful data releases.

A Tactical Plan to Go From Renter to Owner in One Year

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For many renters, the idea of homeownership feels just out of reach. Rising home prices, limited inventory, and financial uncertainty can make the process seem overwhelming. But with a clear plan, the right guidance, and a one-year commitment, you can move from renter to homeowner, and take control of your financial future.

Here is a practical, month-by-month roadmap to help make it happen.

Month 1: Assess Your Finances and Set a Goal

Start by reviewing your income, expenses, and debt. Use a simple budget worksheet to understand where your money is going. Pull your credit report from all three bureaus and check your score.

Set a realistic savings goal for your down payment and closing costs. While 20 percent is ideal, many loan programs allow for as little as 3 to 5 percent down.

Month 3: Build or Repair Your Credit

If your credit score needs improvement, now is the time to act. Pay bills on time, reduce credit card balances, and avoid taking on new debt. Dispute any errors on your credit report and work toward lowering your overall utilization rate.

Even small changes in your score can lead to better loan options.

Month 5: Start Saving Consistently

Open a dedicated savings account for your home purchase. Set up automatic transfers and treat your savings like a non-negotiable bill. If possible, cut back on non-essential expenses, pick up side work, or redirect windfalls like tax refunds or bonuses toward your home fund.

This is also a good time to explore down payment assistance programs in your area.

Month 7: Meet with a Mortgage Professional

Now that your finances are on track, schedule a meeting with a trusted lender or mortgage broker. They will help you understand your loan options, walk you through the pre-approval process, and calculate how much home you can afford.

Getting pre-approved now gives you clarity, and shows sellers you are serious.

Month 9: Connect with a Real Estate Agent

It is time to start house hunting. Choose a real estate agent who understands your goals, communicates well, and knows your market. Your agent will help you focus on neighborhoods that fit your lifestyle and budget, and ensure you are seeing homes that meet your criteria.

Month 11: Make a Move

When you find the right home, your agent will guide you through making an offer, negotiating terms, and completing inspections. From contract to closing, the process can take 30 to 45 days.

Before you know it, you will be holding the keys to a home that is truly yours.

You Do Not Have to Do It Alone

Becoming a homeowner takes effort, but it is absolutely possible with a plan in place. As your real estate agent, I am here to walk with you through each step from your first question to your final closing signature.

Let us turn your “someday” into “this year.”

Eco-Friendly Features That Actually Add Value

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Eco-friendly living is more than just a trend, it is becoming a priority for today’s homebuyers. While solar panels often get the spotlight, there are many other green features that not only reduce your environmental footprint but also boost your home’s resale value. If you are thinking of making upgrades before selling, or you are a buyer looking for long-term savings, these sustainable features deserve a closer look.

Energy-Efficient Windows and Insulation

Replacing old, drafty windows with double- or triple-pane energy-efficient models can significantly reduce energy costs and improve comfort. Paired with upgraded insulation in attics and walls, these improvements keep homes warmer in the winter and cooler in the summer, without overworking the HVAC system.

Buyers are increasingly aware of utility costs, and homes with these upgrades often appraise higher and sell faster, especially in regions with extreme temperatures.

Smart Thermostats and Energy Monitoring

Smart thermostats, like Nest or Ecobee, offer more than convenience—they can cut heating and cooling bills by learning a household’s habits and optimizing energy use. Buyers love seeing these systems in place because they offer immediate cost savings and reflect a modern, tech-savvy lifestyle.

Some systems even come with full energy monitoring dashboards, giving homeowners insight into their usage and empowering them to make more sustainable choices.

Drought-Resistant Landscaping

Water-efficient yards are rising in popularity, especially in areas where drought or water restrictions are common. Xeriscaping, native plants, drip irrigation systems, and artificial turf help reduce water usage without sacrificing curb appeal.

Eco-friendly landscaping is attractive to buyers not only for environmental reasons but also because it reduces long-term maintenance and utility bills.

Tankless Water Heaters and High-Efficiency Appliances

Tankless water heaters deliver hot water on demand, which saves energy and extends the lifespan of the unit. When paired with ENERGY STAR-rated appliances—like refrigerators, washers, and dishwashers—they can make a strong impression on buyers who are looking for a more efficient, lower-cost home.

These upgrades signal that the home has been well cared for and updated for modern living.

EV Charging Stations

With electric vehicles on the rise, having a Level 2 charging station installed in the garage or driveway can give your home an edge over similar listings. It is a relatively small investment that appeals to a growing segment of eco-conscious buyers.

In some markets, this feature is no longer considered a luxury—it is a smart, forward-thinking addition that can sway decisions in competitive neighborhoods.

Sustainability Sells

Today’s buyers are looking for homes that align with their values and lifestyles. Sustainable upgrades can reduce ownership costs, improve comfort, and help protect the environment while increasing property value.

As your real estate agent, I can help you identify which green features will give you the best return on investment and appeal most to buyers in your local market. Let’s make your home both smarter and greener.

Understanding the Process of Selling a Home As-Is

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Selling a home as-is can be a practical option for homeowners who want to avoid making repairs before listing. However, understanding what it means to sell as-is, and how it affects the process, is essential for a smooth transaction. This approach can attract certain buyers, but it also requires clear communication and realistic expectations.

What Does Selling As-Is Really Mean?

When a home is sold as-is, the seller is stating upfront that they will not make any repairs or improvements before the sale. The home is offered in its current condition, and the buyer agrees to accept it that way.

This does not mean the seller can hide problems. In most states, sellers are still required to disclose known issues, such as roof leaks, foundation problems, or pest damage. Transparency is key to avoiding legal complications later.

Why Homeowners Choose to Sell As-Is

There are many reasons a seller might choose to list a property as-is. Some sellers are dealing with financial challenges and cannot afford to make repairs. Others may have inherited a home they do not wish to renovate. In some cases, sellers are simply looking to move quickly and want to simplify the process.

Selling as-is can save time and effort, but it often comes with trade-offs, including a lower sale price and a smaller pool of interested buyers.

What Buyers Expect in an As-Is Sale

Buyers who pursue as-is properties usually understand that repairs may be needed, but they still want to know what they are getting into. That is why home inspections are still a major part of as-is sales. Buyers may still conduct an inspection, not to negotiate repairs, but to decide whether to move forward.

An as-is sale does not mean buyers have no rights. If the inspection reveals serious issues the buyer was not aware of, they can still walk away during the inspection period, depending on the terms of the contract.

Pricing the Property Correctly

Pricing is critical when selling as-is. Because buyers expect to invest in repairs, the asking price must reflect the home’s current condition. Overpricing an as-is home can result in it sitting on the market too long, which may raise red flags.

A real estate agent can help analyze local sales of similar as-is homes, provide a realistic price range, and help present the home in a way that highlights its potential.

Being Prepared and Staying Honest

Selling as-is does not have to be difficult. With proper preparation, honest disclosures, and the right pricing strategy, sellers can attract serious buyers who are ready to take on a property in its current state.

As a real estate agent, I guide sellers through each step of the as-is process to ensure their legal obligations are met and their expectations are aligned with the market. For the right seller, this can be a smart way to sell quickly and move forward.

The Importance of a Home Inspection Before Purchasing

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Buying a home is one of the biggest financial commitments most people make in their lifetime. While the process can be exciting, it is also full of important steps that protect your investment. One of the most critical yet sometimes overlooked steps is the home inspection.

Uncovering Hidden Issues

A home may look perfect on the surface, but only a thorough inspection can reveal what is going on behind the walls, under the roof, or in the foundation. A certified home inspector checks the major systems of the home, including electrical, plumbing, HVAC, and structural components. These findings help you understand what repairs may be needed and what kind of maintenance to expect.

Without a home inspection, buyers run the risk of moving into a property that needs thousands of dollars in unexpected repairs. This could quickly turn your dream home into a costly burden.

Leverage for Negotiation

The results of a home inspection report can be used as a negotiation tool. If the inspection uncovers issues, buyers may ask the seller to make repairs or offer a credit at closing. In some cases, the seller may agree to lower the purchase price.

Even if the issues are minor, knowing them in advance gives buyers a more complete picture of the property and a better position to make informed decisions. In a competitive market, some buyers may consider waiving the inspection to strengthen their offer, but that can lead to major regret down the line.

Peace of Mind and Long-Term Planning

A home inspection offers peace of mind. It confirms that you are making a sound investment and gives you confidence moving forward with the purchase. Even if the report lists only minor issues, it helps you understand how to maintain the home over time.

For example, the inspector may note that the water heater is working but nearing the end of its lifespan. This does not have to be a deal-breaker, but it gives you time to budget for a future replacement.

Protecting Your Investment

Buying a home without an inspection is a gamble. A few hundred dollars spent on an inspection can save thousands later and may even prevent you from buying a property that is not safe or structurally sound. It is one of the smartest steps you can take to protect yourself and your future.

As a real estate agent, I always recommend a full inspection to my clients, regardless of the home’s age or condition. It is not about slowing the process down, it is about making sure you are fully informed and protected every step of the way.

What’s Ahead For Mortgage Rates This Week – August 4th, 2025

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There were several notable releases this last week, with the largest being the PCE Index — the Federal Reserve’s preferred inflation indicator. The PCE Index may be the more accurate indicator going forward, as data collection for the Consumer Price Index has been recently cut, thereby reducing its reliability. As expected, the inflation numbers have been steadily rising with the PCE Index, indicating that impacts from the tariffs are now filtering into prices for both producers and consumers.

As a follow up, Personal Income & Spending has had a light upturn after the initial panic with the tariffs. Lastly, the job numbers from last week have been unexpectedly weak, showing a slow down of the economy overall due to many factors.

PCE Index
A key measure of inflation posted the biggest increase in four months in June as the delayed effects of higher U.S. tariffs began to filter through the economy, raising questions about whether the Federal Reserve will cut interest rates soon. The PCE index, the Fed’s preferred inflation gauge, rose 0.3% last month, the Bureau of Economic Analysis said Thursday. It was the biggest increase since February.

Personal Spending & Income
Americans spent more money in June after U.S. trade wars began to simmer down, but they were cautious spenders amid all the turmoil caused by the Trump administration’s tariffs. Personal spending increased 0.3% last month, the government said Thursday, and partly recovered from a soft patch in May and April.

Employment Reports
The U.S. only added 19,000 jobs in May compared to an initial report of 144,000, and only 14,000 in June after an initial report of 147,000, according to the BLS. Those two paltry totals, plus a July jobs gain of 73,000, means the U.S. added just 106,000 jobs over the past three months.

Primary Mortgage Market Survey Index

  • 15-Yr FRM rates saw a decrease of -0.02% with the current rate at 5.85%
  • 30-Yr FRM rates saw a decrease of -0.02% with the current rate at 6.72%

MND Rate Index

  • 30-Yr FHA rates saw a decrease of -0.17% this week. Current rates at 6.22%
  • 30-Yr VA rates saw a decrease of -0.16% this week. Current rates at 6.24%

Jobless Claims
Initial Claims were reported to be 218,000 compared to the expected claims of 222,000. The prior week landed at 217,000.

What’s Ahead
Next week will be a fairly light week, with the most significant releases being the Trade Balance as well as the Services PMI reports.