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The Basic Home Security Checklist Every Home Needs

January 7, 2020 by Regine Lane

The Basic Home Security Checklist Every Home NeedsDid you realize that only around 17 percent of the homes in the United States have a security system? Leaving your residence unprotected can come back to haunt you in the future.

The longer you wait to find and fix security problems, the harder you will find it to keep your family safe. Taking the time to inspect your home is a great way to see where security problems exist. With the help of the checklist in this article, you can secure your home and keep burglars at bay.

Check Your Existing Security Alarm

If your home does have a security alarm, you need to make sure it has all of the latest features and updates. Some homeowners think that a security alarm is something they can set and forget.

One of the main things you need to make sure your alarm has is monitoring. With monitoring, you will be able to get the authorities to your home in a hurry in the event of a burglary.

The key to getting the right monitoring is working with the right security company. Before using a particular company, find out more about how they will monitor your home. Paying a bit more for high-quality monitoring will be worth it considering the safety it will add to your residence.

Check Your Windows and Doors

As you inspect your home, be sure to pay close attention to your doors and windows. Usually, these are the areas that a burglar will target when trying to break into a home. If the windows or doors are old and not working properly, it can put you and your family in a lot of danger.

This is why replacing damaged doors and windows is so important. You may also want to think about adding window alarms to your home. With these alarms in place, burglars will not stand a chance when trying to gain access to your residence. An experienced security company will have no problem installing these window alarms for an affordable price.

New Outdoor Lighting is a Good Idea

Another factor you should pay attention to when inspecting your home is the condition of the exterior lighting. If there is limited illumination on the outside of your home, you need to fix this immediately. Leaving the outside of a home dimly lit is like sending an invitation to burglars. This is why investing in high-quality landscape lighting is a good idea.

Things like motion-sensor lights can help you keep burglars away. Instead of trying to find and install these lights on your own, you need to hire professionals. They will be able to get the new lights in place in a hurry.

They can also help you choose the right places to put these lights.

A Great Investment

Instead of looking at additional home security as something you have to do, you need to view it as something you want to do. The money you invest in better home security will be worth it in the long run.

Filed Under: Around The Home Tagged With: Alarm System, Home Safety, Windows

What’s Ahead For Mortgage Rates This Week – January 6th, 2020

January 6, 2020 by Regine Lane

What’s Ahead For Mortgage Rates This Week – January 6th, 2020Last week’s economic reports included readings from Case-Schiller Home Price Indices and National Association of  Realtors® data on pending home sales. The Conference Board of the U.S. Senate also released its Consumer Confidence Index. Weekly readings on mortgage rates and first-time jobless claims were also released.

Case-Shiller Reports 0.10 Percent Uptick in National  Home Price Index

The National Home Price Index issued by Case-Shiller for October reported a year-over-year increase of 3.20 percent in home prices. Case-Shiller’s 20-City Home Price Index reflected the influence of low inventories of affordable homes as pricey metro areas reported slower growth if not declines in home-price growth.

 The top three cities reporting highest year-over-year home prices were Phoenix, Arizona with5.80 percent growth; Tampa, Florida with 4.90 percent growth and Charlotte, North Carolina, which had 4.80 percent home price growth.

Analysts said that the shift in higher home-price growth rates to smaller eastern and southern metro areas was evidence of continued shortages of affordable homes in coastal and major metro areas. Home prices in San Francisco, California declined for the third consecutive month in October after posting double-digit home price growth in recent years.

Pending home sales,  which are sales for which purchase offers have been made but not completed, rose 1.20 percent in November as compared to October. Regionally, pending home sales reports were mixed. The Western region led with a 5.50 percent growth rate in pending home sales. Pending home sales were 1.00 percent higher in the Midwest and fell by -0.10 percent in the Northeast. Pending home sales fell by 0.20 percent in the  South. 

Lawrence Yun, the chief economist for the National Association of Realtors®, said that “The supply of available homes is not yet meeting healthy demand.” Real estate pros consider pending home sales a gauge of future closings.  

Mortgage Rates, New Jobless Claims Dip

Freddie Mac reported lower average mortgage rates last week; 30-year fixed-rate mortgages averaged 3.72 percent and were two basis points lower. Rates for 15-year fixed-rate mortgages fell by three basis points and averaged 3.16 percent. The average rate for 5/1 adjustable-rate mortgages was one basis point higher at 3.46 percent. Discount points averaged 0.70 percent for fixed-rate mortgages and 0.30 percent for 5/1 adjustable-rate mortgages.

New jobless claims fell by 2000 claims to 222,000 claims filed last week; analysts expected a reading of 223,000 initial jobless claims filed. The U.S. Conference Board reported a lower consumer confidence reading of 126.50 in December, but this was caused by an upwardly-revised November index reading of 126.80.

Consumer confidence in current economic conditions rose 4.40 points to 170.00 points, but this momentum was offset by the reading for consumer confidence in economic conditions over the next six months from 100.30 points to 97.40 points. Analysts said that flagging consumer confidence indicated that the economy is not likely to grow significantly in the next six months.

What’s Ahead

This week’s scheduled economic news includes labor sector readings on private and public job growth and the national unemployment rate. Weekly readings on mortgage rates and initial jobless claims will also be released.

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

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