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4 Easy Ways to Make the Most of Your Outdoor Living Space

October 22, 2019 by Regine Lane

4 Easy Ways to Make the Most of Your Outdoor Living SpaceIf you want to maximize your outdoor living areas, the ideas below will help you do so. Backyards are seldom used to their full potential. No matter how large or small your yard is, a makeover can create cozy sitting areas and larger spaces that are perfect for entertaining.

Here are four ideas to transform how you use your yard:

1. Move Your Kitchen Outside
Outdoor kitchens let you enjoy fine weather while you cook. It also makes feeding a large gathering easier since there’s probably a lot of room to expand. Setting up a fully stocked outdoor kitchen gives you a multi-purpose space that can double as a lounge or dining area. It’s all about choosing the right furnishings, such as convertible picnic tables that turn into comfy benches.

2. Decorate To Attract Company
Patio and deck parties are fun and easy — especially if you can get everyone to come to you. Put up umbrellas or add an overhang to keep out the worst of the sun. Plushy seating with room to place snacks or meals keeps guests comfy and satisfied. It’s a great place to host poker night, a girls’ night in or your kids’ soccer team.

3. Create Green Space
Gardens have come a long way from your mom’s veggie patch. Reinvigorate your outdoor space with fresh ideas, such as raised beds that save your back when it comes time to harvest your tomatoes and cucumbers. Add brightly colored flowers around trees or in window boxes for a lush look that transforms your yard into a botanical retreat. If you really have a green thumb, consider building a greenhouse where you can grow things most of the year.

4. Light It Up

Area lighting really looks fantastic during nighttime get-togethers and lets you determine when the party’s over, not the sunset. Solar lights save energy and work well as guide lights along pathways. String lights create a magical effect around gazebos and patios. However, you’ll need brighter illumination if you have guests over. This may mean adding a circuit and hiring an electrician to put up spotlights and security lighting. The good news is that the changes also make your home more secure.

If you are interested in purchasing a new home or refinancing your current property, be sure to contact your trusted home mortgage professional to discuss financing options.

Filed Under: Real Estate Tagged With: Home Improvement, Outdoor Updates, Real Estate

What’s Ahead For Mortgage Rates This Week – October 21st, 2019

October 21, 2019 by Regine Lane

What’s Ahead For Mortgage Rates This Week – October 21st, 2019Last week’s economic reports included readings from the National Association of Home Builders on builder confidence in housing market conditions, Commerce Department readings on housing starts and building permits issued. Weekly readings on mortgage rates and first-time jobless claims were also reported.

Builder Confidence in Housing Markets Rises

The NAHB Housing Market Index rose in October from September’s index reading of 68 to 71.Home builders were confident in market conditions due to strong demand for homes caused by low mortgage rates and slower growth in home prices.

Obstacles including tariffs on building materials did not deter builder confidence; any reading above 50 on the Housing Market Index indicates that most builders are confident about housing market conditions.

Robert Dietz, Chief Economist for NAHB, said: “The second half of 2019 has seen steady gains in single-family construction, and this is mirrored by a gradual uptick in builder sentiment over the past few months.” Mr. Dietz cited “ongoing supply side constraints and concerns about a slowing economy” as factors expected to negatively impact builder sentiment in coming months.

The Commerce Department reported a  seasonally-adjusted annual pace  of 1.26 million housing starts in September. Analysts expected a pace of 1.32  million starts; August’s reading for housing starts was 1.39 million starts.

Fewer building permits were issued in September with 1.39 million permits issued as compared to August’s reading of 1.43 million permits issued; analysts expected 1.38 million building permits to be issued.

Mortgage Rates, New Jobless Claims Rise

Freddie Mac reported higher rates for fixed rate mortgages last week. The average rate for 30-year fixed rate mortgages rose 12 basis points to 3.69 percent; the average rate for 15-year fixed rate mortgages rose 10 basis points to 3.15 percent.

The average rate for 5/1 adjustable rate mortgages was unchanged at 3.15 percent. Discount points averaged 0.60 percent for 30-year fixed rate mortgages and 0.50 percent for 15-year fixed rate mortgages. Discount points for 5/1 adjustable rate mortgages averaged 0.40 percent.

Initial jobless claims also rose last week. 214,000 new claims were filed as compared to expectations of 215,000 claims filed and the prior week’s reading of 210,000 first-time jobless claims filed. Analysts noted that new jobless claims remained near a 50-year low.

What’s Ahead

This week’s scheduled economic news includes readings on sales of new and previously-owned homes along with a report on consumer sentiment. 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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