Navy Fellas Realty Group

Real Estate, Residential sales and purchase

What’s Ahead For Mortgage Rates This Week – December 15th, 2025

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The Federal Reserve Interest Rate decision occurred the prior week, with the Federal Reserve cutting interest rates another quarter as expected by many industry analysts. This has given the market a lot of optimism that the trend will still continue and the Chairman Jerome Powell has stated it’s a good time to wait and see where the economy is headed before cutting rates further, giving further confidence more will be coming next year.

There was also the U.S. Trade Deficit to gauge where the current trade policies have positioned the U.S. and it has been reported that the expectations for the trade deficit have been beat this time by a significant amount. With the economy still in an overall strong position, there is some optimism that the tariff policies have not had as negative an impact as initially presumed. 

Federal Reserve Rate Decision
The Federal Reserve on Wednesday lowered interest rates again in a continued effort to keep the labor market intact, despite objections from several key Fed officials who believe the central bank should be prioritizing the higher cost of living instead. A majority of policymakers voted to lower the benchmark lending rate by a quarter point for the third consecutive time, to a range of between 3.5% to 3.75%, the lowest in more than three years. 

U.S. Trade Deficit
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $52.8 billion in September, down $6.4 billion from $59.3 billion in August, revised.

Primary Mortgage Market Survey Index
• 15-Yr FRM rates saw an increase of 0.10% for this week, with the current rate at 5.54%
• 30-Yr FRM rates saw an increase of 0.03% for this week, with the current rate at 6.22%

MND Rate Index
• 30-Yr FHA rates saw an increase of 0.01% for this week. Current rates at 5.90%
• 30-Yr VA rates saw an increase of 0.02% for this week. Current rates at 5.92%

Jobless Claims
Initial Claims were reported to be 236,000 compared to the expected claims of 223,000. The prior week landed at 192,000.

What’s Ahead
GDP data are expected to release this month but there may be delays. The Consumer Confidence report will also give better insight to the state of the economy from the consumer perspective.

Should You Upsize or Stay Put and Renovate

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As life changes, your home needs can change as well. Growing families, new hobbies, remote work, or lifestyle shifts often create the question many homeowners eventually face. Should you move into a larger home, or should you stay where you are and renovate? The answer is not always simple, and the right choice depends on your finances, your long-term goals, and how well your current home can adapt. As real estate professionals, we help homeowners evaluate these choices so they can move forward confidently.

Consider How Much Space You Truly Need
Before deciding to upsize, take a close look at what kind of space your lifestyle requires. Do you need an extra bedroom, a dedicated home office, or more storage Many homeowners discover that reconfiguring their current layout solves their space issues. Others realize that their needs exceed what their current home can reasonably provide. Listing out your must-have spaces helps clarify whether a renovation can meet your goals or if a new home makes more sense.

Compare the Cost of Renovating With the Cost of Moving
Renovations can be expensive, especially when structural changes, electrical upgrades, or plumbing work are involved. At the same time, moving comes with its own costs, including a down payment, closing costs, moving fees, and higher property taxes. A side-by-side comparison can help you see which option fits your budget best. If renovating gives you the features you want without stretching your finances, staying put may be the smarter choice. If renovation costs approach the price of a larger home, upsizing may offer more long-term value.

Evaluate How Your Current Neighborhood Supports Your Lifestyle
Neighborhood amenities can be just as important as the home itself. If you love your current school district, commute time, or local conveniences, renovating may allow you to stay in an area that already works for your family. On the other hand, if you want different amenities, a new neighborhood, or a shorter commute, upsizing may open the door to a lifestyle upgrade as well as a space upgrade. Your home should support both your daily comfort and your long-term plans.

Look at the Return on Investment for Renovations
Not all renovations offer equal value. Updating kitchens or bathrooms, adding usable square footage, or improving energy efficiency tends to increase home value. However, highly customized upgrades may not offer strong resale return. Before committing to renovation, consider how much value it will add and whether it aligns with your future plans. A real estate professional can help you estimate the potential return based on your neighborhood and local market trends.

Thinking About Your Long-Term Goals
Your home should fit your long-term vision. If you plan to raise your family, start a business from home, or host guests regularly, upsizing may provide the right long-term fit. If you love your home and see yourself staying for many years, renovating can personalize your space without the stress of moving. Long-term clarity helps you make a choice that feels good now and still feels right in the years ahead.

Choosing between upsizing and renovating is a major decision, but with the right information and a clear understanding of your goals, you can choose the path that offers the most comfort, value, and long-term satisfaction.

Pet-Friendly Design Ideas That Also Impress Buyers

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For many homeowners, pets are family, so it is natural to want a home that works for both humans and furry friends. The good news is that pet-friendly design does not have to compromise style or hurt resale value. In fact, many upgrades that make life easier for pets also appeal to future buyers.

As real estate professionals, we often see homes with thoughtful pet features stand out in the market because they look purposeful, clean, and well maintained.

Choose Durable, Attractive Flooring
Flooring is one of the biggest concerns for pet owners. Scratches, stains, and wear can add up fast. Durable options like luxury vinyl plank, tile, and hardwood alternatives look beautiful and hold up incredibly well.

These flooring choices offer a modern appearance, easy cleaning, and long-term durability that buyers appreciate. When flooring looks good and can handle daily life, everyone wins.

Create Smart Storage for Pet Supplies
Pet items can easily clutter a home, but simple storage solutions keep everything organized and visually appealing. Built-in cubbies, stylish baskets, or a dedicated drawer for leashes, toys, and treats make the home feel tidy and intentional. Buyers notice when a home is organized, and thoughtful storage can make your space feel larger and more functional.

Add a Pet-Washing Station or Mudroom Area
A small pet-washing station, even a simple handheld sprayer in a tiled corner of the laundry room, adds convenience for pet owners and practicality for buyers. Mudroom areas with hooks, washable mats, and storage help manage messes before they spread throughout the home. These spaces appeal to families, outdoor enthusiasts, and pet owners alike, making them a smart addition for resale.

Incorporate Stylish but Functional Built-Ins
Built-in feeding stations, hidden litter box areas, or slide-out dog bowl drawers help maintain a clean, polished look while offering convenience. Buyers appreciate well-designed built-ins because they maximize space and reduce clutter. These upgrades look intentional rather than temporary, which adds value and enhances the homeís overall appearance.

Focus on Outdoor Spaces That Benefit Everyone
A fenced yard is one of the top requirements for pet owners, but it also appeals to families and buyers who enjoy gardening or outdoor entertaining. Adding shade, easy-to-clean patio surfaces, and safe, pet-friendly landscaping creates a backyard that works for everyone. Outdoor features that look great and require low maintenance are always attractive to buyers.

Pet-friendly upgrades do not have to look messy or overly customized. When done thoughtfully, they enhance daily living while adding charm, organization, and long-term appeal. The key is choosing features that are practical, stylish, and universally appealing to both pet owners and future buyers.

How Shared Custody Schedules Can Affect Where You Buy

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Buying a home is already a major decision, but when you are navigating a shared custody schedule, the process becomes even more personal and complex. Location, school boundaries, commute times, and daily logistics all play a larger role in your home search.

As real estate professionals, we work with many parents who want to choose a home that supports their custody arrangements, reduces stress, and provides stability for their children. With thoughtful planning, you can find a home that fits both your lifestyle and your family’s needs.

Consider Distance Between Households First
When shared custody is involved, the distance between your home and the other parentís home matters more than almost anything else. Long drives can complicate school mornings, after-school activities, and weekly transitions. Choosing a home within a reasonable radius helps keep routines stable and prevents transportation challenges from becoming stress points. A shorter distance means smoother transitions for children and more flexibility for both parents.

Pay Close Attention to School District Boundaries
School districts have a major impact on where you should buy when you share custody. Some arrangements require the child to remain in the same school regardless of which parent they are staying with, while others allow flexibility. You may need to buy within a specific boundary to maintain enrollment. Before choosing a neighborhood, confirm district rules, bus routes, and proximity to the school. A location that supports your current schedule helps prevent future disruptions.

Evaluate Transportation and Daily Routines
Shared custody schedules often involve coordinated pick-ups, drop-offs, extracurricular activities, and work commutes. When choosing a home, think about how these routines play out hour by hour. Look at traffic patterns, major roads, and the distance between school, activities, and both parentsí workplaces. A home that shortens commute times helps reduce daily stress and gives you more quality time with your children.

Think About Neutral and Child-Friendly Locations
Some parents prefer to live near shared places like parks, libraries, or sports facilities so their children enjoy consistency between homes. These neutral locations can make transitions more comfortable and reduce the feeling of switching environments. Choosing a community with kid-friendly amenities also helps children feel grounded, especially during a schedule that includes moving between homes regularly.

Keep Long-Term Flexibility in Mind
Custody schedules can change as children get older. School needs, activities, and preferences evolve, and your homeís location should be able to support those changes. When evaluating a neighborhood, consider whether it accommodates future routines. Buying in an area with strong schools, central access, and family-friendly amenities helps protect your long-term flexibility and avoids the need to relocate too soon.

Shared custody adds an important layer to the homebuying process, but with the right planning, you can find a home that supports your familyís routine, stability, and well-being. By focusing on school districts, commute times, community features, and long-term needs, you can make a confident decision that works for everyone involved.

Buying a Fixer-Upper and How to Avoid a Money Pit

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Buying a fixer-upper can be a smart way to build equity, customize a home, and stay within budget in a competitive market. The challenge is knowing the difference between a great investment and a true money pit. As real estate professionals, we guide buyers through this decision every day. With the right preparation and the right expectations, you can choose a home with potential instead of one that drains your savings and your sanity.

Start With a Thorough Home Inspection
A detailed inspection is the first line of defense against a money pit. Structural issues, roof damage, outdated electrical systems, and aging plumbing can turn a simple project into a major financial burden. A qualified inspector will give you a clear picture of what repairs are essential, what can wait, and what may require a specialist. Never skip this step, and never rely only on visual appeal when evaluating a fixer-upper.

Prioritize the Cost of Major Systems
Cosmetic updates like paint, flooring, and light fixtures are easy and affordable. The expensive issues are hidden in major systems such as HVAC, plumbing, foundation, and electrical work. Before making an offer, get estimates for these repairs. This helps you understand the true cost of the home and prevents unpleasant surprises after closing. If multiple major systems need updating, the home may not be the right fit.

Compare Renovation Costs With the After-Repair Value
Every fixer-upper has an after-repair value, also called ARV. This is what the home is worth once renovations are complete. A smart purchase is when the homeís price plus your renovation budget still leaves you with equity. Your real estate professional can help you compare recent sales, neighborhood trends, and value-add opportunities. If the total cost exceeds the expected value of the finished home, it may not be a wise investment.

Plan for a Realistic Renovation Timeline
Fixer-upper renovations always take longer than expected, especially if you are tackling major repairs. Delays can add stress and additional costs. Whether you are hiring contractors or doing some of the work yourself, build extra time into your schedule. This helps you avoid frustration and gives you flexibility. A rushed renovation can lead to mistakes, higher costs, and disappointment in the final result.

Set Aside a Contingency Budget
Every renovation comes with surprises, and a contingency budget protects you from unexpected issues. A good guideline is to set aside ten to twenty percent of your total renovation budget for emergencies. This extra cushion helps you stay on track without dipping into savings or delaying important repairs. The stronger your financial cushion, the smoother your fixer-upper experience will be.

Buying a fixer-upper can be rewarding when you choose the right home and prepare for the process. With a strong inspection, realistic budgeting, and professional guidance, you can avoid a money pit and turn your renovation dream into a home you love.

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.