Date Archives: June 2022

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June
27

July 2022 Calendar of United States of America

July 2022 Holidays and Celebrations

  • 01FRI
    International Joke Day
  • 01FRI
  • 01FRI
    National Postal Worker Day
  • 01FRI
    World Bronchiectasis Day
  • 02SAT
  • 02SAT
    International Day of Cooperatives
  • 02SAT
  • 03SUN
    National Stay Out of the Sun Day
  • 03SUN
    International Plastic Bag Free Day
  • 04MON
  • 04MON
    Truman Doctrine
  • 05TUE
    National Bikini Day
  • 05TUE
    National Workaholics Day
  • 06WED
    National Fried Chicken Day
  • 06WED
  • 07THU
    Global Forgiveness Day
  • 07THU
    World Chocolate Day
  • 08FRI
  • 09SAT
  • 10SUN
  • 11MON
    International Town Criers Day
  • 11MON
  • 12TUE
    National Simplicity Day
  • 12TUE
    Cow Appreciation Day
  • 12TUE
    Malala Day
  • 12TUE
    Orangemen's Day (The Twelfth)
  • 13WED
    Nathan Bedford Forrest Day
  • 13WED
    National French Fry Day
  • 14THU
    Pandemonium Day
  • 14THU
  • 15FRI
    National Give Something Away Day
  • 15FRI
    National Clean Beauty Day
  • 16SAT
    National Cherry Day
  • 17SUN
    National Lottery Day
  • 17SUN
  • 17SUN
  • 18MON
    Nelson Mandela International Day
  • 18MON
    World Listening Day
  • 19TUE
    Seneca Falls Convention
  • 20WED
    National Moon Day
  • 20WED
    International Chess Day
  • 20WED
    World Jump Day
  • 21THU
    National Junk Food Day
  • 22FRI
    National Hammock Day
  • 23SAT
    National Gorgeous Grandma Day
  • 24SUN
  • 24SUN
  • 24SUN
  • 24SUN
    National Drive-Thru Day
  • 24SUN
  • 25MON
    National Hire A Veteran Day
  • 26TUE
  • 27WED
    National Creme Brûlée Day
  • 27WED
    National Disability Independence Day
  • 28THU
    Bonus Army
  • 28THU
    World War I
  • 28THU
    National Milk Chocolate Day
  • 28THU
  • 29FRI
    NASA is Founded
  • 29FRI
    National Lipstick Day
  • 29FRI
    International Tiger Day
  • 29FRI
  • 30SAT
    Muharram
  • 30SAT
    National Father-in-Law Day
  • 30SAT
    National Cheesecake Day
  • 30SAT
    World Day Against Trafficking in Persons
  • 30SAT
  • 31SUN
  • 31SUN
    World Ranger Day
June
22

The 8 Best Places to Sell Your Old Smart Home Gadgets

BY ADRIAN NITA

Are you looking to get rid of some old smart home gadgets? Maybe you're upgrading to newer models or just decluttering your home. Whatever the reason, selling your old smart home gadgets can be a great way to make some extra money.

No matter what kind of smart home gadgets you have, there's a good chance you can sell them and get some money back. Here are some of the best places to sell your old smart home gadgets.

1. Decluttr

Decluttr is a great option if you want to sell your old smart home gadgets quickly and easily. All you have to do is enter the name of the gadget you want to sell, and Decluttr will give you an instant valuation.

If you're happy with the offer, the company will send you a shipping label, so you can send your items for free. Once your items are received, you'll get paid the next day via PayPal, direct deposit, or check.

The turnaround time is around 3-5 days, including shipping.

It's a great way to get rid of old smart home gadgets without having to deal with the hassle of listing them individually on a marketplace, but you will likely get less money than you would if you sold them yourself.

2. Amazon Trade-In

Amazon Trade-In is an excellent option if you're looking to get Amazon gift cards in exchange for your old smart home gadgets.

To get started, you'll need to search for the gadget you want to sell on Amazon's website. Once you've found it, select the condition of the gadget, and Amazon will provide you with an estimated value.

If you're happy with the offer, you can print out a shipping label and send your gadget to Amazon for free. Once the company receives and inspects your item, you'll get an Amazon gift card for the appraised value.

It's a quick and easy way to get rid of old smart home gadgets, and you'll be able to use Amazon gift cards to buy new gadgets or anything else you want from Amazon.

If you prefer to trade in your gadgets in person, you can also take them to certain physical Amazon locations that will appraise and accept your items on the spot.

With certain gadgets, you can also get a discount coupon on a new gadget when you trade in your old one, making it a great option if you're looking to upgrade.

Amazon offers free shipping and pays out via Amazon gift card.

The turnaround time is around two days after Amazon receives your gadget.

3. ItsWorthMore

If you're looking for a slightly higher payout than what Amazon or Decluttr offers, ItsWorthMore may be a good option for you.

Like Decluttr, ItsWorthMore, you will need to answer a few questions about your gadget like the model, condition, and any included accessories.

Although ItsWorthMore doesn't accept as wide a range of smart home gadgets as Decluttr, they do accept smart home control hubs and smartwatches.

After that, you'll get an instant quote and can decide whether or not you want to move forward with the sale.

ItsWorthMore offers free shipping and pays out via PayPal, check, or Zelle once the company has received and inspected your items.

The turnaround time is around up to 5 days.

4. Apple Trade In

Want to trade in your old Apple smart home gadgets to get a discount on a new one? Apple Trade In is the perfect place to do that.

From Apple TV to the HomePod, Apple Trade In accepts a wide range of Apple smart home gadgets.

The only downside is that you can only trade in Apple products, so if you have any non-Apple gadgets, you'll need to look elsewhere.

To get started, simply bring your old Apple gadget into an Apple Store or go to the Apple Trade In website and enter your gadget's information.

Apple will give you an estimated trade-in value, which you can then use to get a discount on a new Apple product.

You can also choose to receive an Apple Store gift card instead of using the trade-in value towards a new purchase.

Apple offers free shipping or in-store trade-in and pays out via Apple Store gift card or instant credit towards a new purchase.

The turnaround time can take up to a couple of weeks if done online or instant if done in-store.

5. Best Buy Trade-In Program

Want to get rid of old smart home gadgets and receive a Best Buy gift card in return? If so, the Best Buy Trade-In Program is a great option.

It's a similar process to the other trade-in programs on this list. First, you'll need to find your gadget on Best Buy's website and answer a few questions about its condition.

After that, Best Buy will provide you with an estimated value for your gadget. If you're happy with the offer, you can print out a shipping label and send your gadget to Best Buy for free.

Once the company receives and inspects your item, you'll get a Best Buy gift card for the appraised value.

Best Buy offers free shipping and pays out via Best Buy gift card.

The turnaround time is up to 9 days when done online or instant when done in-store.

6. Swappa

If you don't mind waiting a bit for your smart home gadgets to sell, then Swappa is a great option. You can choose your price, and you won't have to pay any listing fees. The only fee you'll pay is a selling fee after your item sells, depending on how much it sells for.

To get started, create a listing for your gadget on Swappa and include as many details as possible, such as photos, condition, included accessories, etc.

Once your listing is live, potential buyers will be able to contact you to purchase your gadget.

The payment process is handled through PayPal, and you'll be responsible for shipping the item to the buyer.

The turnaround time on Swappa can vary depending on how quickly your item sells.

7. eBay

If you're looking for a platform with a large audience, then eBay is your best bet.

Selling on eBay is a pretty straightforward process, and you can list your old smart home gadgets easily.

You'll need to take some good-quality photos, write a detailed description, and set your price.

eBay does charge listing fees as well as a final value fee (which is a percentage of the total sale price), so keep that in mind when pricing your item.

Creating a listing is free, and you can choose to auction off your gadget or set a fixed price.

You'll also be responsible for shipping your gadget to the buyer, and payments are handled through PayPal.

The turnaround time on eBay can vary depending on how quickly your item sells, so it may take a while to receive payment.

8. Facebook Marketplace

Selling locally has never been easier, thanks to Facebook Marketplace. This feature allows anyone with a Facebook account to buy and sell items within their community.

If you're looking to get rid of your old smart home gadgets, Facebook Marketplace is a great place to start. You can create a listing for each item you're selling, and potential buyers can contact you directly to make an offer.

The best part about selling on Facebook Marketplace is that it's completely free. There are no fees or commissions to worry about.

Although Facebook Marketplace has pros and cons, it's definitely a quick and easy way to sell your old smart home gadgets.

The only downside is that you'll need to handle payment and shipping on your own.

The turnaround time on Facebook Marketplace can vary depending on how quickly your item sells.

An Easier Way to Sell Your Old Smart Home Gadgets

Selling your old smart home gadgets doesn't have to be difficult. With plenty of hassle-free trade-in and resale options available, you can get rid of your unwanted gadgets and receive payment quickly and easily.

Don't let your old gadgets collect dust and take up space. Use one of the options on this list to get rid of them for good and earn some extra cash in the process.

June
20

Mortgage and refinance rates today, June 18,

and rate forecast for next week

Today's mortgage and refinance rates

Average mortgage rates inched lower yesterday, mirroring the previous day's similarly tiny rise. However, those movements don't reflect the week as a whole, which has been disastrous for those rates. And those for conventional 30-year fixed-rate mortgages have been above 6% since Monday.

I guess I should resume my rate predictions for the week ahead, even though current volatility means you should have minimal confidence in their accuracy — as do I. I think, on balance, mortgage rates are more likely to rise than fall next week.

Markets will be closed on Monday for the Juneteenth federal holiday. So we'll be back with our daily reports on Tuesday.

Find and lock a low rate (Jun 20th, 2022)

Current mortgage and refinance rates

Program Mortgage Rate APR* Change
Conventional 30 year fixed 6.15% 6.185% +0.02% 
Conventional 15 year fixed 5.072% 5.115% -0.02% 
Conventional 20 year fixed 6.023% 6.07% -0.1% 
Conventional 10 year fixed 5.375% 5.457% -0.05% 
30 year fixed FHA 5.867% 6.605% Unchanged
15 year fixed FHA 5.291% 5.808% -0.03% 
30 year fixed VA 5.208% 5.427% -0.07% 
15 year fixed VA 5.44% 5.814% -0.11% 
Rates are provided by our partner network, and may not reflect the market. Your rate might be different. Click here for a personalized rate quote. See our rate assumptions here.

Find and lock a low rate (Jun 20th, 2022)


Should you lock a mortgage rate today?

Don't lock on a day when mortgage rates look set to fall. My recommendations (below) are intended to give longer-term suggestions about the overall direction of those rates. So, they don't change daily to reflect fleeting sentiments in volatile markets.

Average mortgage rates have climbed sharply higher so far in June. True, there was a day when they fell significantly, too. But, overall, the month (and especially the last eight days) has been shockingly bad. Who, 18 days ago, would have thought the most popular rate would be above 6% today?

We might be in for a somewhat calmer time now markets have had a chance to digest Wednesday's Federal Reserve announcements. Let's hope volatility gently fades.

But I guess that mortgage rates won't fall far or for long until inflation levels off and begins to drop. In the meantime, I reckon mortgage rate rises are likely to outweigh falls.

And so, my personal rate lock recommendations remain:

  • LOCK if closing in 7 days
  • LOCK if closing in 15 days
  • LOCK if closing in 30 days
  • LOCK if closing in 45 days
  • LOCK if closing in 60 days

However, with so much uncertainty at the moment, your instincts could easily turn out to be as good as mine — or better. So let your gut and your personal tolerance for risk help guide you.

What's moving current mortgage rates

Last week, I was quoting Mortgage News Daily's (MND's) data, marveling that "the average rate for a 30-year, fixed-rate mortgage soared by 30 basis points yesterday (a basis point is one-hundredth of 1%). In other words, they jumped from 5.55% to 5.85%." Today, seven days later, that rate is 6.03%, according to the same source.

I'd be shocked if those rates were to continue to climb so quickly. That's highly unlikely now that markets have digested both last Friday's inflation data and this Wednesday's Federal Reserve announcements.

Still, I shouldn't be a bit surprised if they were to continue to rise but much more gently. As long as inflation remains uncomfortably hot, it will be a tough sell to get investors to buy bonds. And mortgage rates are primarily determined by the yields on one type of bond, the mortgage-backed security (MBS).

You can understand why bonds are so unattractive when inflation is running hot. Investors are buying a fixed income, a "yield." And, with nearly all bonds (really risky ones would be the exception) currently, yields are lower than the inflation rate. So every bond bought has a real-terms (after inflation) loss baked in.

Bear market

So why are investors still buying MBS and other bonds? It's a bit like the old joke about the two hikers in the woods who encounter a bear. One changes into trainers, and the other says, "You can't outrun a bear." The other replies, "I don't have to. I just have to outrun you."

There's a parallel with bonds. While stock markets are looking so dicey, investors crave the security of safe investments, such as MBSs. And those MBSs don't have to deliver a real-terms profit. They just have to outrun other financial contenders in the risks and rewards they offer.

High demand for MBSs pushes mortgage rates lower. This is a bit counterintuitive. But it's easy to grasp once you recognize that bond prices always move inversely to their yields. So higher demand = higher prices = lower yields (and mortgage rates). Lower demand = lower prices = higher yields (and mortgage rates).

What's next for mortgage rates?

Of course, nobody can be sure what will happen to mortgage rates in the future. Those who try to peer ahead can only weigh the likelihood of different possible scenarios and extrapolate from there. No wonder experts often disagree.

I suspect inflation will continue to be high for months to come, perhaps well into 2023. That depends on various things, including how quickly the Fed's anti-inflation measures take to work and how long Russia's war in Ukraine drags on.

And, despite the bear metaphor, I doubt investors will be piling into MBSs until inflation has leveled out and begun to fall.

To me, that implies mortgage rates will continue to rise, though, with luck, at a more gentle pace than so far in 2022. Of course, there will always be days and weeks when those rates fall. Such periods are inevitable.

But I'm not convinced those rates will fall back to their pandemic-era and pre-pandemic levels for a very long time.

If you look back through Freddie Mac's archives, you'll see that 6.x% mortgage rates were common before 2008 and would often have been perceived as low. It may be that the last 14 years have been the freaky exception and that we're returning to normalcy.

Economic reports next week

Next week is very light on economic reports. Several top Fed officials have speaking engagements, including Fed Chair Jerome Powell, who will be testifying on Capitol Hill on Wednesday and Thursday. Markets will be listening to both the tone and content of what's said as they try to assess what the Fed might do next to tackle inflation.

The potentially most important reports, below, are set in bold. The others are unlikely to move markets much unless they contain shockingly good or bad data.

  • Tuesday — May existing home sales
  • Thursday — Weekly new claims for unemployment insurance to Jun. 18
  • Friday — June consumer sentiment index, plus five-year inflation expectations. Also, May new home sales

In a quiet week, Fed speakers are most likely to move mortgage rates.

Verify your new rate (Jun 20th, 2022)

Mortgage interest rates forecast for next week

Please don't take my weekly forecasts too seriously. There's too much volatility in markets for them to be reliable. But I'm guessing mortgage rates might move a little higher next week. Even if I'm wrong over timing, I'd expect slightly higher rates soon.

Mortgage and refinance rates usually move in tandem. And the scrapping of the adverse market refinance fee last year has largely eliminated a gap that had grown between the two.

Meanwhile, another recent regulatory change has likely made mortgages for investment properties and vacation homes more accessible and less costly.

How your mortgage interest rate is determined

Mortgage and refinance rates are generally determined by prices in a secondary market (similar to the stock or bond markets) where mortgage-backed securities are traded.

And that's highly dependent on the economy. So mortgage rates tend to be high when things are going well and low when the economy's in trouble.

Your part

But you play a big part in determining your own mortgage rate in five ways. And you can affect it significantly by:

  1. Shopping around for your best mortgage rate — They vary widely from lender to lender
  2. Boosting your credit score — Even a small bump can make a big difference to your rate and payments
  3. Saving the biggest down payment you can — Lenders like you to have real skin in this game
  4. Keeping your other borrowing modest — The lower your other monthly commitments, the bigger the mortgage you can afford
  5. Choosing your mortgage carefully — Are you better off with a conventional, conforming, FHA, VA, USDA, jumbo or another loan?

Time spent getting these ducks in a row can see you winning lower rates.

Remember, they're not just a mortgage rate

Be sure to count all your forthcoming homeownership costs when you're working out how big a mortgage you can afford. So focus on your "PITI." That's your Principal (pays down the amount you borrowed), Interest (the price of borrowing), (property) Taxes, and (homeowners) Insurance. Our mortgage calculator can help with these.

Depending on your type of mortgage and the size of your down payment, you may have to pay mortgage insurance, too. And that can easily run into three figures every month.

But there are other potential costs. So you'll have to pay homeowners association dues if you choose to live somewhere with an HOA. And, wherever you live, you should expect repairs and maintenance costs. There's no landlord to call when things go wrong!

Finally, you'll find it hard to forget closing costs. You can see those reflected in the annual percentage rate (APR) that lenders will quote you. Because that effectively spreads them out over your loan's term, making that higher than your straight mortgage rate.

But you may be able to get help with those closing costs and your down payment, especially if you're a first-time buyer. Read:

Down payment assistance programs in every state for 2021

Mortgage rate methodology

The Mortgage Reports receives rates based on selected criteria from multiple lending partners each day. We arrive at an average rate and APR for each loan type to display in our chart. Because we average an array of rates, it gives you a better idea of what you might find in the marketplace. Furthermore, we average rates for the same loan types. For example, FHA fixed with FHA fixed. The result is a good snapshot of daily rates and how they change over time.

June
20

Great landscaping requires a lot of prepping and skill, which is why it's so easy to make these mistakes. Here's how you can avoid them.

With so many of us spending summer weekends doing yard work, our real estate agents thought it'd be a great time to share some landscaping tips.

Great landscaping is both an art and a science. We know creating the perfect yard takes time and practice, and it's well worth it. Remember, beautiful landscaping can make or break your curb appeal. Therefore, learning best practices and avoiding mistakes can really help boost your property value and attract attention when it comes time to sell your home.

Click Here to Read More...

June
10

Mortgage and refinance rates today, June 10, 2022

Today's mortgage and refinance rates

Average mortgage rates moved moderately higher yesterday. And they're now perilously close to the 13-year-record highs we saw in early May.

Markets have been roiled by this morning's publication of May's consumer price index. And, so far, it's looking as if mortgage rates today might rise again.

Find your lowest rate. Start here (Jun 10th, 2022)

Current mortgage and refinance rates

Program Mortgage Rate APR* Change
Conventional 30 year fixed 5.648% 5.673% +0.07% 
Conventional 15 year fixed 4.662% 4.692% +0.03% 
Conventional 20 year fixed 5.564% 5.598% +0.13% 
Conventional 10 year fixed 4.655% 4.757% Unchanged
30 year fixed FHA 5.356% 6.064% -0.09% 
15 year fixed FHA 4.962% 5.416% +0.11% 
30 year fixed VA 5.066% 5.285% +0.04% 
15 year fixed VA 5.622% 5.975% Unchanged
Rates are provided by our partner network, and may not reflect the market. Your rate might be different. Click here for a personalized rate quote. See our rate assumptions here.

Should you lock a mortgage rate today?

Don't lock on a day when mortgage rates look set to fall. My recommendations (below) are intended to give longer-term suggestions about the overall direction of those rates. So, they don't change daily to reflect fleeting sentiments in volatile markets.

This morning's inflation data (the consumer price index) may well generate turbulence in markets. But it's unlikely to reset the trend in mortgage rates. Because there's more — potentially bigger — news coming down the line next week.

I can't yet find a good reason to change my mind over the likely future direction of mortgage rates. And I still think they're more likely to rise than fall. But, with luck, the pace of rises may slow.

So, my personal rate lock recommendations for the longer term remain:

  • LOCK if closing in 7 days
  • LOCK if closing in 15 days
  • LOCK if closing in 30 days
  • LOCK if closing in 45 days
  • LOCK if closing in 60 days

    Market data affecting today's mortgage rates

    Here's a snapshot of the state of play this morning at about 9:50 a.m. (ET). The data, compared with roughly the same time yesterday, were:

    • The yield on 10-year Treasury notes inched up to 3.11% from 3.03%. (Very bad for mortgage rates.) More than any other market, mortgage rates normally tend to follow these particular Treasury bond yields
    • Major stock indexes were sharply lower soon after opening. (Good for mortgage rates.) When investors are buying shares, they're often selling bonds, which pushes prices of those down and increases yields and mortgage rates. The opposite may happen when indexes are lower. But this is an imperfect relationship
    • Oil prices were unchanged at $121.27 a barrel. (Neutral for mortgage rates*.) Energy prices play a prominent role in creating inflation and also point to future economic activity
    • Gold prices fell to $1,832 from $1,850 an ounce. (Neutral for mortgage rates*.) It is generally better for rates when gold rises and worse when gold falls. Gold tends to rise when investors worry about the economy. And worried investors tend to push rates lower
    • CNN Business Fear & Greed index — fell to 29 from 35 out of 100. (Good for mortgage rates.) "Greedy" investors push bond prices down (and interest rates up) as they leave the bond market and move into stocks, while "fearful" investors do the opposite. So lower readings are better than higher ones

    *A movement of less than $20 on gold prices or 40 cents on oil ones is a change of 1% or less. So we only count meaningful differences as good or bad for mortgage rates.

    Caveats about markets and rates

    Before the pandemic and the Federal Reserve's interventions in the mortgage market, you could look at the above figures and make a pretty good guess about what would happen to mortgage rates that day. But that's no longer the case. We still make daily calls. And are usually right. But our record for accuracy won't achieve its former high levels until things settle down.

    So use markets only as a rough guide. Because they have to be exceptionally strong or weak to rely on them. But, with that caveat, mortgage rates today might rise. However, be aware that "intraday swings" (when rates change direction during the day) are a common feature right now.

    Find your lowest rate. Start here (Jun 10th, 2022)

    Important notes on today's mortgage rates

    Here are some things you need to know:

    1. Typically, mortgage rates go up when the economy's doing well and down when it's in trouble. But there are exceptions. Read 'How mortgage rates are determined and why you should care'
    2. Only "top-tier" borrowers (with stellar credit scores, big down payments and very healthy finances) get the ultralow mortgage rates you'll see advertised
    3. Lenders vary. Yours may or may not follow the crowd when it comes to daily rate movements — though they all usually follow the broader trend over time
    4. When daily rate changes are small, some lenders will adjust closing costs and leave their rate cards the same
    5. Refinance rates are typically close to those for purchases.

    A lot is going on at the moment. And nobody can claim to know with certainty what will happen to mortgage rates in the coming hours, days, weeks or months.

    Are mortgage and refinance rates rising or falling?

    This morning's release of May's consumer price index (CPI) was undoubtedly important. Investors are obsessed with inflation data.

    We now know that inflation that month resumed its march higher. And at a faster pace than most economists expected. In a breaking news email earlier, The Financial Times said:

    US consumer price growth resumed its rapid rise in May, accelerating 1 percent during the month as rising inflation in the services sector added urgency to the Federal Reserve's plans to aggressively tighten monetary policy.

    But it's so far unclear how markets will respond to this morning's report, once they've fully digested it. Often, important economic data provoke an initial knee-jerk reaction in markets only for that to change later in the day as investors think through the implications.

    Crucial Fed meeting next week

    Today, investors will be wondering whether and how this morning's figures will influence the Federal Reserve's monetary policy body, the Federal Open Market Committee (FOMC), when it meets next week. We'll know more next Wednesday (Jun. 15) at 2 p.m. (ET), when the FOMC issues a post-meeting statement, which will include some policy plans. And there will be a news conference, hosted by Fed Chair Jerome Powell, 30 minutes later.

    If the FOMC delivers definitive guidance next week, mortgage rates may settle down a bit. But if it leaves plenty of uncertainty in place, you should probably expect the current volatility to continue.

    Read the weekend edition of this daily article for more background.

    Recent trends

    Over much of 2020, the overall trend for mortgage rates was clearly downward. And a new, weekly all-time low was set on 16 occasions that year, according to Freddie Mac.

    The most recent weekly record low occurred on Jan. 7, 2021, when it stood at 2.65% for 30-year fixed-rate mortgages.

    Rates then bumbled along, moving little for the following eight or nine months. But they began rising noticeably that September. Unfortunately, they've been mostly shooting up since the start of 2022, although May was a kinder month.

    Freddie's June 9 report puts that same weekly average for 30-year, fixed-rate mortgages at 5.23% (with 0.9 fees and points), up from the previous week's 5.09%.

    Note that Freddie expects you to buy discount points ("with 0.9 fees and points") on closing that earn you a lower rate. If you don't do that, your rate would be closer to the ones we and others quote.

    Expert mortgage rate forecasts

    Looking further ahead, Fannie Mae, Freddie Mac and the Mortgage Bankers Association (MBA) each has a team of economists dedicated to monitoring and forecasting what will happen to the economy, the housing sector and mortgage rates.

    And here are their current rate forecasts for the remaining three quarters of 2022 (Q2/22, Q3/22, Q4/22) and the first quarter of next year (Q1/23).

    The numbers in the table below are for 30-year, fixed-rate mortgages. Fannie's were published on May 19, and the MBA's on May 16. Freddie's were released on Apr. 18. But it now updates its figures only quarterly so they're already looking stale.

    Forecaster Q2/22 Q3/22 Q4/22 Q1/23
    Fannie Mae 5.1% 5.1%  5.1% 5.1%
    Freddie Mac 4.8% 4.8%  5.0% 5.0%
    MBA 5.2% 5.1%  5.0% 5.0%

    Of course, given so many unknowables, the whole current crop of forecasts might be even more speculative than usual.

    Find your lowest rate today

    You should comparison shop widely, no matter what sort of mortgage you want. As federal regulator the Consumer Financial Protection Bureau says:

    "Shopping around for your mortgage has the potential to lead to real savings. It may not sound like much, but saving even a quarter of a point in interest on your mortgage saves you thousands of dollars over the life of your loan."

    Verify your new rate (Jun 10th, 2022)

    Mortgage rate methodology

    The Mortgage Reports receives rates based on selected criteria from multiple lending partners each day. We arrive at an average rate and APR for each loan type to display in our chart. Because we average an array of rates, it gives you a better idea of what you might find in the marketplace. Furthermore, we average rates for the same loan types. For example, FHA fixed with FHA fixed. The end result is a good snapshot of daily rates and how they change over time.

June
8

National Best Friends Day – June 8, 2022

Whether they're near or far, old or new, best friends help to carry us through our lives. This June 8, National Best Friends Day, it's time to tell them how much we appreciate their company. As the Mayo Clinic reports: "Friends help you cope with traumas, such as divorce, serious illness, job loss, or the death of a loved one. They also encourage you to change or avoid unhealthy lifestyle habits, such as excessive drinking or lack of exercise." Today's the day to enjoy a little one-on-one time with the people who never fail to catch us when we fall.

WHEN IS NATIONAL BEST FRIENDS DAY 2022?

The friends we have chosen are cherished and celebrated on National Best Friends Day on June 8.

HISTORY OF NATIONAL BEST FRIENDS DAY

We have our own country to thank for this lighthearted holiday. In 1935, the U.S. Congress gathered to devote a day each year in tribute to close friends. They chose June 8, which is usually a balmy day in all regions of the country—perfect for outdoor activities. Since then, many other countries have adopted the practice. Some even throw festivals to celebrate their chosen family.

This holiday has given rise to a handful of other friendship-themed days for celebration, including Friendship Day, Women's Friendship Day, and even an entire week called Old Friends, New Friends Week. Ironically, almost all celebrations of friendship occur in the summer.

While the holiday seems to have lost popularity through the years, it has seen a recent upsurge in engagement since the advent of social media. Now, on June 8 every year, people rush to post fun photographs of themselves with their most trusted friends. The recognizable hashtag #nationalbestfriendsday allows users to witness just how many Instagram, Facebook, and Twitter users are celebrating along with them.

NATIONAL BEST FRIENDS DAY TIMELINE

1935
Origins

National Best Friends Day is established during a U.S. Congressional hearing.

2007
Back Again

Mary Wisniewski revitalizes the holiday by writing about it in a column of the "Chicago Sun-Times."

2009
Raising Awareness

BFF.tv partners with DoSomething.org to host a celebration of National Best Friends Day in Times Square.

2015
Gone Viral

America's most popular coffee-shop chain, Starbucks, runs a promotional social media campaign encouraging its employees to celebrate their 'work best friends.'

NATIONAL BEST FRIENDS DAY - SURVEY RESULTS

Data gathered by a top Vancouver Marketing

NATIONALTODAY.COM NATIONAL BEST FRIENDS' DAY SURVEY

Do you have a best friend?

#1: Yes, one (46%)
#2: Yes, multiple (39%)
#3: No (15%)

Who do Americans consider to be their best friends?

#1: My significant other (43%)
#2: My dog (19%)
#3: My mom (19%)
#4: My sibling (14%)
#5: My dad (11%)
#6: My cat (9%)

Do you believe you can only have one best friend?

#1: No (75%)
#2: Yes (25%)

Which of the following about best friends is true for you:

#1: My best friend is like a family member (54%)
#2: I have owned a "best friend" necklace or bracelet (22%)
#3: I have made a friendship bracelet for my best friend (16%)
#4: My parents like my best friend more than me (6%)

When did you meet your best friend?

#1: Elementary school (24%)
#2: High school (24%)
#3: Middle school (18%)
#4: Post high school/college (16%)
#5: Post-college (11%)
#6: Preschool (8%)

TRADITIONS OF THE DAY

Traditions for this holiday vary. No two (or more) best friends have the same traditions; it is unique to everyone. The shenanigans that best friends get up to are enjoyed and shared only between them, which include memorable adventures, fun gatherings, and even inside jokes. These traditions are relived on National Best Friends Day.

There are low-key common traditions — just hanging out and chilling at home watching movies with friends, or going to the mall or your favorite cafe together. And then there are more elaborate ways to celebrate this day with your best friends like dressing up and heading out to paint the town red or having a fancy dinner. Presents are also exchanged on this day like 'best friends' lockets or scrapbooks to cement the friendship and remind each other of the special bond you share, no matter how much time has passed.

BY THE NUMBERS

22% – the percentage of people who live longer if they have a close friendship network.

2 – the average number of best friends an adult has.

1994 – the year when the hit television show "Friends" first aired.

26% – the percentage of people who come into conflict with their friends over something posted online.

2 times – the likelihood of women with breast cancer dying if they don't have a network of friends.

9 months – the age at which babies start recognizing friendships.

36% – the percentage of people who quit a habit if their friends quit it too.

7 times – the likelihood of a person being more productive at work if their close friend works there too.

10–25 – the number of hours a week young adults spend socializing. 

57% – the percentage of teens who make a close friend online.

June
7

Looking for an unforgettable dining experience? Here are the Holland restaurants you should visit.

Planning a weekend with friends or date night? In Holland, we take local dining very seriously. Our real estate agents are always talking up our local food and beverage scene — and for good reason! From upscale restaurants to classic brew pubs, Holland has it all.

Dining out on the weekends is one of our favorite things to do. If you're looking for a new place to wine and dine around Holland, you can trust our recommendations. Here are some of our top choices this year:

Click Here to Read More...

June
1

National Homeownership Month – June 2022

National Homeownership Month is in June. It celebrates the value that owning a home brings to families, communities, and neighborhoods across America. By becoming a homeowner, people get a step closer to the American dream. This month also shares the joys of being a homeowner, which can encourage others to achieve the same thing.

HISTORY OF NATIONAL HOMEOWNERSHIP MONTH

Most Americans had no way of really owning a home in the 1800s. Mortgages became common only after the U.S. banking system came into being after the 1860s National Bank Acts.

During the time of the Great Depression, the banks did not have any money to lend and the average borrower didn't have any cash. As a result, people couldn't afford to buy homes, while existing homeowners often failed to pay their debt. To stabilize the housing market, the U.S. government created the Home Owners' Loan Corporation in 1933, the Federal Housing Administration in 1934, and the Federal National Mortgage Association (now known as Fannie Mae) in 1938. All these institutions took homeownership to new heights and helped prevent a crash in the housing market.

What changed the face of the housing industry, along with that of the American economy, was the G.I. Bill of 1944. This bill provided subsidized mortgages for the veterans of World War II. Another milestone in the history of American housing came when Congress passed the Fair Housing Act of 1968. The Act was signed by President Lyndon B. Johnson and banned discrimination in housing based on religion, race, gender, and national origin. It came into being only a few days after the assassination of Martin Luther King, Jr.

In its 87 years of existence, the Federal Housing Administration (FHA) has saved America an almost $4 trillion loss of household wealth. It has helped more than 44 million citizens to become homeowners.

National Homeownership Week began in 1995, which was a strategy of the administration under President Bill Clinton to increase homeownership across America. Later, in 2002, President George W. Bush expanded the period of observance from a week to the entire month of June. National Homeownership Month reinforces the belief that owning a home is one of the steps toward achieving the American dream.

NATIONAL HOMEOWNERSHIP MONTH TIMELINE

1862
Right to Have a House

Abraham Lincoln signs the Homestead Act that gives the head of each American household the right to claim a 160-acre homestead if they want to build a home on the land and farm on it.

1890
The First Bill for Housing

The decennial census is introduced and is the first bill in American homeownership history that asks basic housing questions, particularly, whether a person owns or rents.

1917
Own Your Own Home

Own Your Own Home, a public relations campaign is launched by the National Association of Real Estate Boards and becomes the first federal program (after being taken over by the U.S. Department of Labor) to encourage homeownership.

1950
More Homes than Ever Before

For the first time in American history, more than half of all Americans own their homes.

HOW TO CELEBRATE NATIONAL HOMEOWNERSHIP MONTH

  1. Showcase local projects to officials

    Invite local officials, be it virtually or in person, to your area. Show them or let them know about the latest housing developments that are using eco-friendly building techniques and other new technologies.

  2. Educate local home buyers

    Organize a housing forum (virtually or in person) to bring together the public and housing experts to talk about the state of housing in your locality. It can be an economist from a nearby college, a mortgage banker, or a realtor.

  3. Get your community involved

    Organize or participate in a community service project. Help build a shelter, host a donation venture, repair a playground, and carry out other similar acts that benefit your community.

5 FACTS ABOUT HOMEOWNERSHIP THAT YOU DIDN'T KNOW

  1. The burden of cost persists

    One-third of America's 119 million households are cost-burdened, which puts more than 30% of their incomes towards housing charges and costs.

  2. Pay for housing

    The average American family spends $1,573.83 on housing expenses every month as stated by the 2016 Consumer Expenditure Survey.

  3. Equal then, more now

    If the rate of black homeownership today was the same as it was in 2000, there would be 770,000 more black homeowners in America.

  4. More dropouts than graduates?

    Homeownership in the U.S. is less for a black college graduate than for a white high school dropout.

  5. An average-sized move

    In 2019, the average distance between the owned home and the newly purchased home of an American was 15 miles.

WHY NATIONAL HOMEOWNERSHIP MONTH IS IMPORTANT

  1. It's for a better future

    Homeownership expands your options for the future. You can plan to sell and make a profit or leverage your home equity and pay for other big expenses.

  2. It's for the benefit of a community

    Homeownership is closely tied to the economy. When home sales rise, jobs go up too. And together, these forces contribute to a stable economy on the local-, state-, and national level.

  3. It's for a sense of belonging

    Homeownership gets a person more invested in their community. Getting involved in activities and volunteering for charity and other events adds to a sense of belonging that is much greater than for a person who is just renting.

NATIONAL HOMEOWNERSHIP MONTH DATES

Year Date Day
2022 June 1 Wednesday
2023 June 1 Thursday
2024 June 1 Saturday
2025 June 1 Sunday
2026 June 1 Monday

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