Matt Goeglein

"I’ll Just Take Care of It."

What’s Ahead For Mortgage Rates This Week – April 28th, 2025

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While many useful indicators are set to be released this week, the previous week left us only with the Leading Economic Indicators, which showed signs of the economy slowing down in the future. Consumer Sentiment reports also indicated widespread dissatisfaction across all levels of income and education, largely due to the impacts of recent tariff decisions, which have been on hold.

We should expect next week to provide a clearer picture as decisions are made in the trade war between China and the United States. The PCE Prices, Non-farm Payrolls, Chicago Manufacturing PMI, Personal Income, and GDP estimates will offer more insight into the impact of the tariffs.

Concerns about inflation remain, but given the current stance on monetary policy, the Federal Reserve is much more likely not to react to inflation immediately, keeping its focus largely on the policies being set by the current administration.

Leading Economic Indicators

Leading Economic Index (LEI) for the US declined by 0.7% in March 2025 to 100.5, after a decline of 0.2% (revised up from -0.3%) in February. The LEI also fell by 1.2% in the six-month period ending in March 2025, smaller rate of decline than its -2.3% contraction over the previous six months.

Consumer Sentiment

Consumer sentiment plunged 8% in April from the prior month, to a final reading of 52.2, the University of Michigan said in its latest survey released Friday. That was a slightly smaller decline than a preliminary reading from earlier this month, which didn’t capture people’s reaction to Trump’s 90-day tariff delay announced on April 9.

Primary Mortgage Market Survey Index

• 15-Yr FRM rates saw a decrease of -0.09% for this week, with the current rate at 5.94%
• 30-Yr FRM rates saw a decrease of -0.02% for this week, with the current rate at 6.81%

MND Rate Index

• 30-Yr FHA rates saw a decrease of -0.11% for this week. Current rates at 6.25%
• 30-Yr VA rates saw a decrease of -0.11% for this week. Current rates at 6.27%

Jobless Claims

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

What’s Ahead

PCE Prices, Non-farm Payrolls, Chicago Manufacturing PMI, Personal Income, and GDP estimates are set to release next week. With other releases in the Global US Manufacturing PMI which historically isn’t a significant indicator but with a major shift in the dynamics of world trade, we can see major changes in those data release.

Tips for Selling a Home with Outdated Features

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Selling a home with outdated features can be a challenge, but it’s far from impossible. Whether your kitchen hasn’t been updated in decades, or your bathrooms still have that retro charm, buyers today are looking for modern, move-in-ready spaces. However, with the right strategy and a few smart improvements, you can make your home more appealing to potential buyers and get the best possible price.

1. Focus on Curb Appeal

The first impression counts, and the exterior of your home is the first thing buyers will see. Fresh paint, new landscaping, or even just power-washing the exterior can make a big difference without breaking the bank. A clean, well-maintained exterior signals to buyers that the home has been cared for, even if the inside needs some work.

2. Prioritize High-Impact Areas

While it might not be feasible to remodel every room in your home, there are a few key areas where updates can make a significant difference. The kitchen and bathrooms are often the most important spaces for potential buyers. Even if you can’t afford a full remodel, consider smaller updates like new hardware, light fixtures, or a fresh coat of paint. Replacing outdated countertops or adding a backsplash can also provide a more modern look at a reasonable cost.

3. Make Small, Cost-Effective Updates

You don’t need to make major renovations to boost your home’s appeal. Small, inexpensive updates can have a big impact. Consider updating light fixtures, replacing worn-out carpets, or adding fresh paint in neutral tones. If your home has old, heavy drapes, replace them with lighter, more modern window treatments to brighten up the space. These small changes will help buyers see the potential of your home without feeling overwhelmed by the need for major work.

4. Declutter and Depersonalize

Buyers need to envision themselves in the space, so it’s important to remove any personal items that might distract them. Clear out clutter, pack up family photos, and depersonalize the space as much as possible. A clean, organized home allows buyers to focus on the features of the home itself, rather than on your belongings. You might also want to consider staging the home with neutral furniture to give it a modern, appealing look.

5. Be Transparent About the Home’s Condition

While you don’t want to highlight every flaw in your home, it’s important to be honest with potential buyers about its condition. If your home has outdated features or needs repairs, it’s better to address these issues upfront rather than risk scaring off buyers later. You might even consider offering a home warranty or negotiating with the buyer on price to reflect any necessary updates or repairs.

6. Price the Home Realistically

In today’s market, pricing is key. If your home has outdated features, you’ll need to price it accordingly. Overpricing your home can result in it sitting on the market for too long, which can be a red flag for potential buyers. Work with your real estate agent to set a competitive price that reflects the condition of your home while still taking into account its potential.

Selling a home with outdated features doesn’t have to be a setback. By focusing on small updates, improving curb appeal, and pricing realistically, you can position your home to attract buyers who are looking for a great deal with potential. With the right approach and strategy, you can successfully sell your home, even with a few outdated features.

The Benefits of Buying a Home with a Basement Suite

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When searching for a new home, many buyers overlook one valuable feature that can add flexibility, income, and long-term potential: a basement suite. Whether it’s fully finished or ready for renovation, a basement suite can offer a wide range of benefits beyond just additional space.

Rental Income Potential

One of the biggest advantages of a basement suite is the opportunity to generate rental income. Many homeowners rent out the suite to long-term tenants, students, or even short-term guests depending on local regulations. This additional income can help offset mortgage payments, property taxes, and utility costs, making homeownership more affordable.

Multigenerational Living

With more families choosing to live together under one roof, a basement suite offers a smart way to maintain both privacy and proximity. Whether you’re welcoming aging parents, adult children, or extended family, having a separate living space can provide comfort and independence for everyone.

Flexibility Over Time

A basement suite gives you options. Today it might serve as a guest room or home office. In the future, it could become a rental unit, an in-law suite, or a space for your college-aged child. Homes with basement suites are adaptable and can evolve along with your lifestyle needs.

Increased Resale Value

Homes that include basement suites often attract more interest on the resale market. Buyers see the value in having a property that can serve multiple functions—especially one that provides income potential. This can lead to a broader pool of interested buyers and possibly a higher sale price when the time comes.

Financial Security

With housing costs and living expenses on the rise, having a basement suite can provide a financial safety net. Whether you choose to rent it out or use it to house a family member, it adds real value to your investment and can help reduce financial stress during uncertain times.

What to Consider

Before purchasing a home with a basement suite, be sure to check local zoning laws and building codes. Not all basement suites are considered legal or permitted, which could affect your ability to rent them. It’s also important to evaluate the condition of the suite, ensure it has a separate entrance if needed, and determine whether additional upgrades or safety features are required.

Buying a home with a basement suite is more than just a smart investment—it’s a practical way to maximize space, generate income, and plan for the future. Whether you’re a first-time homebuyer or a seasoned investor, it’s a feature well worth considering.

No Property? No Problem. Start Investing with REITs

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You don’t need to buy a house or manage tenants to get into real estate investing. If you’ve been curious about investing in property but aren’t ready for the hands-on commitment, Real Estate Investment Trusts (REITs) might be the perfect solution.

What Is a REIT?

A REIT (pronounced “reet”) is a company that owns, operates, or finances income-producing real estate. These companies pool money from multiple investors to purchase properties like apartment complexes, office buildings, shopping centers, or even hospitals and warehouses.

When you invest in a REIT, you’re essentially buying shares in a company that makes money from real estate—and you earn returns through dividends and potential stock appreciation.

Why Invest in a REIT?

REITs are a great option for those who want to dip into real estate without the hassle of owning physical property. There’s no need to handle repairs, find tenants, or worry about property management. Instead, you can invest the same way you’d buy stocks or mutual funds—often with much lower upfront costs.

Other benefits include:

  • Liquidity: Unlike physical real estate, many REITs are traded on major stock exchanges, so you can buy or sell your shares easily.
  • Diversification: REITs often invest in multiple properties across different markets, helping you spread out risk.
  • Passive Income: Most REITs are required by law to return at least 90% of their taxable income to shareholders, making them a consistent source of dividends.

Types of REITs

There are a few different types of REITs to consider:

  • Equity REITs: These invest in and own properties, earning money through rent and property value increases.
  • Mortgage REITs (mREITs): These invest in real estate debt (like mortgages) and earn income from interest.
  • Hybrid REITs: A mix of both property ownership and mortgage investments.

You can invest in REITs through a brokerage account, retirement fund, or REIT-specific mutual fund or ETF.

Things to Keep in Mind

While REITs are more accessible than buying property outright, they still come with risks. Market conditions, interest rates, and economic shifts can affect performance. It’s a good idea to do your research or talk with a financial advisor to find the right REIT for your goals.

A Smart Entry into Real Estate

If you’re ready to get involved in real estate but aren’t quite ready to buy your first property, REITs offer a smart, low-barrier way to start. They’re flexible, passive, and ideal for investors who want real estate exposure without becoming landlords.

Choosing the Perfect Window Coverings for Your Home

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Windows play a vital role in shaping your home’s ambiance, bringing in natural light, enhancing privacy, and even improving energy efficiency. The right window coverings can make all the difference, balancing style and functionality while complementing your décor. With a wide range of options available, from classic treatments to cutting-edge technology, finding the perfect fit for your space is easier than ever. Here’s a breakdown of some of the best window covering choices to consider.

Classic and Timeless Options

Curtains and Drapes

Curtains and drapes remain a popular choice for their ability to add warmth, texture, and elegance to any room. Available in a variety of fabrics, colors, and patterns, they can seamlessly blend into traditional and contemporary spaces alike.

  • Benefits: Excellent for light control, insulation, and enhancing home décor.
  • Cost: Budget-friendly options start at $10 per panel, while high-end custom designs can cost over $500 per panel.

Blinds

Blinds offer a sleek, structured look with adjustable slats for customizable light control. Available in materials such as wood, faux wood, aluminum, and vinyl, they work well in any room.

  • Benefits: Durable, easy to clean, and available in a variety of finishes.
  • Cost: Entry-level vinyl blinds start at around $15, with high-quality wood blinds reaching $300 per window.

Shutters

Shutters are a long-lasting investment that adds charm and sophistication to your home. Whether opting for traditional wood or durable composite materials, shutters provide excellent insulation and privacy.

  • Benefits: Boosts home value, enhances light control, and offers superior durability.
  • Cost: Prices range from $100 to $700 per window, depending on materials and size.

Modern and Stylish Solutions

Roller Shades

For a clean and contemporary look, roller shades are a fantastic choice. Available in light-filtering, blackout, and solar options, they suit a variety of lighting and privacy needs.

  • Benefits: Minimalist, easy to operate, and energy-efficient options available.
  • Cost: Basic models start at $20, while motorized options can exceed $500.

Roman Shades

Roman shades combine the softness of fabric curtains with the structure of blinds, creating an elegant, tailored appearance. They fold neatly when raised, offering a refined aesthetic.

  • Benefits: Stylish, excellent for light control, available in various fabrics.
  • Cost: Prices range from $30 to $500, depending on fabric choice and customization.

Vertical Blinds

Ideal for sliding doors or expansive windows, vertical blinds offer practicality and versatility. They are available in fabric, vinyl, and aluminum to suit different styles.

  • Benefits: Perfect for wide spaces, easy to maintain, and available in various materials.
  • Cost: Typically priced between $50 and $300 per window.

Smart and High-Tech Innovations

Motorized Blinds and Shades

For ultimate convenience, motorized window treatments allow remote or app-based control, often integrating with smart home systems like Alexa or Google Home.

  • Benefits: Enhances energy efficiency, child-safe, and effortless operation.
  • Cost: Starting at $200 per window, with high-end systems exceeding $1,000.

Smart Glass

Smart glass technology eliminates the need for traditional coverings by allowing you to switch between transparent and opaque settings at the touch of a button.

  • Benefits: Modern, innovative, and provides seamless control over privacy and light.
  • Cost: Ranges from $50 to $150 per square foot, making it a premium option.

Solar-Powered Shades

Eco-conscious homeowners can opt for solar-powered shades, which harness sunlight to power their motorized functions.

  • Benefits: Energy-efficient, sustainable, and can reduce electricity costs.
  • Cost: Typically priced between $300 and $1,000 per window.

Budget-Friendly and DIY Alternatives

If you’re looking for a cost-effective way to dress up your windows, consider these affordable solutions:

  • Frosted Window Film – Provides privacy without blocking light ($10–50 per roll).
  • Magnetic Blinds – Easy to install and remove, making them ideal for renters ($25–100 per window).
  • Tension Rod Curtains – No drilling required, great for temporary setups ($10–40 per window).

Choosing the right window coverings depends on your personal style, budget, and functionality needs. Whether you prefer the timeless appeal of curtains, the sophistication of shutters, or the convenience of smart glass, there’s an option for every home. With the right selection, you can enhance privacy, control lighting, and even boost energy efficiency, all while elevating your home’s design.

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