Navy Fellas Realty Group

Real Estate, Residential sales and purchase

What’s Ahead For Mortgage Rates This Week – November 24th, 2025

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This week finally got a strong release of regularly scheduled data, with unemployment figures coming out first, along with employment-rate data.

The prior week included the Consumer Price Index, which came in favorable. Some of the unemployment-related numbers, however, weren’t as telling as they could be: the forecast was roughly 50,000, but the actual figure landed closer to 110,000. That’s an order-of-magnitude miss, suggesting we may need to allow some time for the data to self-correct.

The coming week is slated to include both the PPI—which has drifted out of sync with the CPI—and the PCE Index. These are the two major releases to watch. The Federal Reserve has repeatedly mentioned that the PCE Index is their preferred inflation indicator, and that is likely to remain the case going forward.

Unemployment Report
The long-delayed September employment report showed the U.S. created 119,000 new jobs, a surprisingly robust increase that could give the Federal Reserve more reason to shelve a third interest-rate cut in a row next month. The increase in new jobs was the largest since April, but hiring has slowed down sharply this year. Indeed, the economy lost jobs in June and August.

Jobless Reports
The first jobless-claims report since the government shutdown shows no spike in layoffs. Initial jobless claims fell by 8,000 to 220,000 in the week ended Nov. 15, the Labor Department said Thursday. The last jobless-claims report prior to the shutdown showed claims at 219,000.

Primary Mortgage Market Survey Index
• 15-Yr FRM rates saw an increase of 0.05% for this week, with the current rate at 5.54%
• 30-Yr FRM rates saw an increase of 0.02% for this week, with the current rate at 6.26%

MND Rate Index
• 30-Yr FHA rates saw a decrease of -0.08% for this week. Current rates at 5.94%
• 30-Yr VA rates saw a decrease of -0.09% for this week.Current rates at 5.95%

Jobless Claims
Initial Claims were reported to be 220,000 compared to the expected claims of 227,000. The prior week landed at 232,000.

What’s Ahead
PPI and PCE Index inflation reports are the biggest data releases next week. They should be very impactful.

Understanding the Risks of Buying a Home With a History of Flooding

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A home can look beautiful on the surface, but a past flooding event can create long term challenges that buyers need to understand. If you are considering a property with any history of water intrusion, taking time to learn the risks can protect your safety, your finances and your peace of mind.

Why Past Flooding Matters
Even if the home has been repaired, a flooding event can leave behind hidden problems. Water exposure may weaken structural elements, damage electrical systems or create long term moisture concerns. A property with a flooding history may also be more vulnerable to future events, especially during heavy rain seasons.

Understanding Insurance Requirements
Homes with a documented flood history often require specialized insurance. Flood insurance can add a meaningful cost to your monthly budget, and coverage requirements may vary depending on the severity of past events. Knowing these costs in advance helps you understand the true financial commitment of the home.

The Impact on Resale Value
A property with a flooding record may be harder to sell later. Even if repairs are done well, potential buyers may hesitate, and this can affect the price and the time it takes to secure a new buyer. Understanding resale impact helps set realistic expectations.

What Inspections You Should Request
When considering a home with previous flooding, hiring qualified inspectors is essential. A full home inspection, moisture inspection and foundation evaluation can uncover hidden damage. Look for signs of mold, warped flooring, uneven walls, damaged wiring and lingering moisture. Specialized inspectors can confirm whether repairs were completed correctly.

Reviewing Seller Disclosure and Documentation
Sellers must disclose known flooding events. You should request all repair records, insurance claims and remediation documentation. Clear records help confirm that professional work was done and that the home is safe. Lack of documentation could be a red flag.

How to Decide if the Home Is Still a Good Fit
A home with a flooding history is not always a deal breaker. Many owners invest in high quality repairs, drainage upgrades and flood prevention systems. If the price reflects the risk, the repairs are verified and insurance costs are manageable, the home may still be a good choice. The key is understanding everything upfront so you feel confident in your purchase.

Buying a home with past flooding requires awareness, research and trusted professionals. By taking the right steps early, you can make a well informed decision and protect your investment for years to come.

Understanding What It Means to Sell Your Home Through a Short Sale

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Selling a home can feel emotional and overwhelming, especially when financial pressures make it difficult to keep up with payments. For some homeowners, a short sale becomes a realistic path toward a fresh start. If you are exploring this option, understanding how the process works can help you move forward with confidence.

What a Short Sale Really Means

A short sale happens when a homeowner sells the property for less than the total amount still owed on the mortgage. The lender agrees to accept the lower amount, and in many cases, releases the borrower from the remaining balance. Homeowners often consider this option when they are facing financial hardship or when the home value has dropped below the outstanding loan amount.

Why Homeowners Choose a Short Sale

A short sale can provide financial relief and allow homeowners to avoid a foreclosure. Foreclosure can have long-lasting credit consequences, while a short sale is often viewed more favorably by future lenders. Choosing this path can help you regain control of your situation and move forward with fewer long-term effects.

How to Start the Process

The first step is contacting your lender to discuss your circumstances. They will ask for documentation, such as income records, bank statements and a letter describing your financial hardship. Every lender reviews these situations individually. Once they confirm that a short sale is appropriate, the property can be listed for sale.

Working With an Agent Who Understands the Process

Short sales involve unique steps that are not part of a traditional listing. Your agent prepares a detailed package for the lender once an offer is received. The lender reviews the offer, evaluates the property value and makes a final decision. Patience is important because approval can take time. Having a knowledgeable agent helps keep the process organized and reduces stress for the homeowner.

What Buyers and Sellers Should Expect

During a short sale, the lender has the final say on the offer, even if both buyer and seller agree on the terms. The lender may accept the offer, counter the offer or request additional information. Once approval is granted, the sale moves forward like any other real estate transaction. Sellers should understand that the lender decision timeline can be longer than a traditional sale, but the result often brings meaningful relief.

Moving Forward After a Short Sale

A short sale is not the end of your homeownership story. Many people rebuild their credit and purchase again in the future. The key benefit is that you can close this chapter while avoiding many of the long-lasting consequences that come with foreclosure. Understanding the process, staying organized and working with an experienced real estate agent can help you navigate this option with clarity and confidence.

Understanding the Different Types of Home Foundations

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When buying or selling a home, the foundation is one of the most important yet overlooked elements. It supports the structure, affects durability, and can influence everything from comfort to resale value. As a real estate agent, I often remind clients that understanding the type and condition of a home’s foundation can help them make informed choices and avoid costly surprises later on.

Slab Foundations
A slab foundation is one of the most common types of foundations used in modern construction. It consists of a single layer of concrete poured directly onto the ground. This style is cost-effective, low-maintenance, and ideal for warmer climates where freezing temperatures are rare. However, because plumbing and wiring are often embedded within the slab, repairs can be more complicated if issues arise. Slab foundations also offer little insulation against temperature changes, which can affect comfort in certain regions.

Crawl Space Foundations
Crawl space foundations elevate the home slightly off the ground, creating a small area beneath the house. This design allows easy access to plumbing, electrical systems, and ventilation. Crawl spaces are common in regions that experience moisture or mild flooding, as they help keep the living area above potential dampness. However, they require proper insulation and ventilation to prevent mold and pest problems. Regular inspections can help ensure a crawl space remains dry and structurally sound.

Basement Foundations
Basement foundations provide additional living or storage space below the main level of the home. They are popular in colder climates, where the foundation must extend below the frost line for stability. A well-finished basement can add significant square footage and value, but it also comes with maintenance responsibilities. Homeowners should monitor for water intrusion, foundation cracks, and proper drainage to protect the investment and preserve structural integrity.

Pier and Beam Foundations
Pier and beam foundations, often found in older or custom-built homes, use a series of vertical piers to support the structure above the ground. This type of foundation allows for excellent ventilation and easy access to utilities. It performs well in areas with unstable soil or moderate flooding but may require occasional leveling over time. While maintenance is necessary, many homeowners appreciate the flexibility and durability of this design.

Understanding the differences among foundation types helps buyers evaluate potential homes more effectively and gives sellers confidence when discussing their property’s structure. A solid foundation is more than just concrete or wood, it is the base of a home’s strength, stability, and long-term value.

Real Estate and Education: How School Districts Affect Property Values

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When it comes to buying a home, location is always a major factor, but for many families, the local school district carries just as much weight. Even for buyers without children, the quality of nearby schools can have a lasting impact on property values. Understanding how education and real estate are connected helps buyers make smarter decisions and recognize the long-term advantages of purchasing in a strong school district.

Why School Districts Matter

School districts influence both a home’s desirability and its market value. Properties located in areas with highly rated schools tend to attract more buyers, creating stronger demand and supporting higher prices. Families often prioritize these neighborhoods, even if it means paying a premium. The reputation of a school district can also help protect home values during market fluctuations, since well-rated areas tend to maintain buyer interest even in slower economies.

Evaluating School Quality

For buyers researching school districts, there are several ways to evaluate quality. Public websites and local education reports can provide information on test scores, graduation rates, and student-to-teacher ratios. Visiting schools, talking to parents, and exploring district boundaries can also give valuable insights into the community. It is important to remember that “good schools” often reflect more than just academic results—they represent safe, engaged, and well-supported neighborhoods.

The Impact on Property Prices

Homes in top-rated school districts can sell for significantly more than similar properties just outside district boundaries. This premium can be as much as ten to twenty percent, depending on the market. Buyers should consider that higher home prices may also mean higher property taxes, which help fund the schools. However, these costs often balance out through stronger resale value and long-term appreciation. For investors, purchasing in a reputable district can be a wise strategy, since demand from families tends to remain consistent.

Balancing Priorities as a Buyer

While school districts are an important consideration, they should be weighed alongside other factors such as commute times, amenities, and budget. Buyers without school-aged children may still benefit from purchasing in a desirable district, since resale potential remains strong. Working with a knowledgeable real estate agent can help you identify areas that offer both educational quality and overall value for your lifestyle.

The connection between real estate and education is clear—strong schools build strong communities. Whether you are buying for your family’s future or simply investing wisely, understanding how school districts influence property values can help you make a confident and informed decision.

What’s Ahead For Mortgage Rates This Week – November 17th, 2025

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In the aftermath of the recent government shutdown, the expected releases are still delayed. This round of releases is particularly impactful, involving key inflation reports from both the Consumer Price Index and the Producer Price Index. While the Federal Reserve prefers the PCE Index—and also relies on its own methods for collecting inflation data—the delay is undoubtedly troubling for the broader market, as the shutdown disrupted a wide range of services across the nation. The data is now expected to be released next week.

Primary Mortgage Market Survey Index
• 15-Yr FRM rates saw a decrease of -0.01% for this week, with the current rate at 5.49%
• 30-Yr FRM rates saw an increase of 0.02% for this week, with the current rate at 6.24%

MND Rate Index
• 30-Yr FHA rates saw a decrease of -0.01% for this week. Current rates at 6.02%
• 30-Yr VA rates saw no change for this week. Current rates at 6.04%

Jobless Claims
Initial Claims were reported to be delayed until further notice.

What’s Ahead
Inflation reports are slated to be released next week, but there is potential that they could be delayed further.

Aging Homes, and Why Buyers Need to Factor Updates Into Their Budgets

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Older homes have charm, character, and architectural details that newer properties often lack. From original hardwood floors to vintage craftsmanship, they can feel timeless and full of personality. However, behind the charm can come age-related challenges that buyers should not overlook. Understanding how to budget for repairs and updates helps buyers make informed decisions and protects their investment long after closing.

The Appeal of Older Homes
Many buyers are drawn to older homes because of their unique features and established neighborhoods. Larger lots, mature trees, and historical details often make these properties stand out from newer builds. Yet even well-maintained homes eventually need updates to meet modern standards for safety, efficiency, and comfort. Recognizing both the appeal and the potential costs can help buyers approach these homes with realistic expectations.

Common Repairs and Updates
When purchasing an aging home, certain updates are more common than others. Electrical and plumbing systems may need modernization to handle todayís appliances and technology. Roofs, windows, and insulation often require attention to improve energy efficiency and reduce utility costs. Buyers should also consider updating outdated kitchens and bathrooms, not only for aesthetics but for functionality and resale value. A professional home inspection can identify areas that need immediate repair versus those that can wait.

Budgeting Wisely for Renovations
A good rule of thumb is to set aside a portion of your budget specifically for updates and unexpected repairs. Even if the home appears move-in ready, surprises can surface once renovations begin. Obtaining quotes from contractors before closing can help you estimate realistic costs. Including a renovation buffer in your financing plan ensures that needed improvements do not strain your finances after purchase.

Leveraging Renovation Loans
Some mortgage programs allow buyers to finance both the purchase price and renovation costs in a single loan. Options such as FHA 203(k) or Fannie Mae’s HomeStyle loan can make it easier to modernize an older home without depleting savings. Working with a lender experienced in renovation loans can help you understand which updates qualify and how funds are distributed throughout the project.

Buying an older home can be incredibly rewarding when approached with preparation and clear budgeting. By factoring in necessary updates from the start, buyers can preserve the homeís charm while enhancing its safety, comfort, and value for years to come.

Why Home Staging Works: How Buyers Imagine Their Lives Inside Your Property

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When it comes to selling a home, first impressions matter. Home staging helps potential buyers see beyond your personal style and imagine their own lives inside the space. As real estate agent, we’ve seen how effective staging can be in turning casual lookers into serious buyers. It is not just about decorating — it’s about storytelling — creating a visual experience that allows buyers to connect emotionally with your home.

The Psychology Behind Staging
Buyers often make emotional decisions when it comes to choosing a home. Staging works because it helps them envision their future in a space that feels welcoming, balanced, and move-in ready. A clean, organized, and beautifully presented home makes it easier for buyers to picture family gatherings, cozy evenings, or even their morning routines. When buyers can imagine themselves living there, they are more likely to make an offer.

Decluttering and Depersonalizing
One of the key elements of staging is removing excess clutter and personal items. Family photos, collections, and personalized décor can distract buyers from seeing the home as their own. Simplifying your spaces allows the property’s features like natural light, layout, and finishes to shine. The goal is to create a neutral canvas that appeals to the widest range of buyers while maintaining a sense of warmth and comfort.

Highlighting Key Spaces
Not every room needs to be staged, but certain areas have the most impact. The living room, kitchen, and primary bedroom are usually top priorities because they are where buyers imagine spending the most time. Strategic furniture placement can make rooms look larger and more functional. Adding a few stylish touches, such as fresh linens, plants, or artwork, can transform a space without major expense.

The Return on Investment
While staging requires some upfront effort, it often leads to faster sales and higher offers. According to industry studies, staged homes spend less time on the market and frequently sell for more than similar unstaged properties. Buyers perceive staged homes as well-maintained and move-in ready, which can justify stronger offers. Even partial staging or virtual staging can make a measurable difference in buyer interest.

Home staging is more than a marketing tactic; it is a proven way to help buyers fall in love with your property. By creating an inviting atmosphere and allowing imagination to take over, you make it easier for them to see not just a house, but their future home.

Coping Strategies for Homeowners: Balancing Showings, Offers, and Moving

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Selling your home can be both exciting and overwhelming. Between preparing for showings, reviewing offers, and planning a move, the process can feel like a full-time job. As real estate agents, we understand that homeowners often struggle to balance it all, especially when they are still living in the property. With the right strategies and mindset, it is possible to stay organized, reduce stress, and make the experience smoother from start to finish.

Preparing Your Home for Showings
The first step in a successful sale is making your home look its best. Decluttering, deep cleaning, and staging are essential. Focus on creating a welcoming space that helps buyers imagine themselves living there. Simple touches like fresh flowers, soft lighting, and neutral décor can make a big difference. Keep a checklist for quick cleanups before last-minute showings, and have a plan for pets and personal items. The more prepared you are, the easier it is to accommodate potential buyers.

Managing Showings While Living in the Home
Balancing daily life with frequent showings can be challenging, but a little structure helps. Try to keep your home in “show-ready” condition as much as possible, and designate one area where you can quickly store personal items before a showing. Communicate openly with your real estate agent about your schedule, so appointments can be coordinated in a way that minimizes disruption. If possible, plan short outings during open house times so you can relax while your agent handles the traffic.

Reviewing Offers and Making Decisions
When offers start coming in, it can be tempting to focus only on price, but terms and timing are just as important. Your agent can help you evaluate each offer by considering contingencies, closing dates, and financing details. Staying flexible can open doors to smoother transactions. Remember that accepting an offer is just one step — there will still be inspections, appraisals, and paperwork to complete before closing. Keeping communication clear and timely helps everything move forward more efficiently.

Coordinating the Move
Once your sale is under contract, it is time to start planning your move. Create a timeline that aligns with your closing date and allows some cushion for unexpected delays. Organize your belongings into categories — items to keep, donate, or sell. Booking movers early and labeling boxes clearly can make the process more manageable. If you are buying another home at the same time, work closely with your agent to coordinate both transactions smoothly.

Selling a home involves a lot of moving parts, but with preparation, communication, and the right professional guidance, you can navigate it confidently. Every step brings you closer to your next chapter, and having an experienced agent by your side ensures that your goals stay front and center throughout the process.

Honoring Veterans Day, and the Gift of Home

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Today, we honor the brave men and women who have served our country with courage, strength, and selflessness. Your service allows us to enjoy the freedoms that make home and community possible.

As a real estate professional, I am especially grateful for the role homeownership plays in the lives of veterans and their families. Owning a home is more than just having a place to live, it represents stability, pride, and belonging.

The VA home loan program makes this dream more attainable, offering incredible benefits that honor those who have given so much.

To every veteran, and to every family who has supported one, thank you for your service and your sacrifice. Your dedication inspires us all, and it is a privilege to help you find a place to call home.