What to Watch - Easing Tariffs

Easing Tariffs and Cooling Inflation Boost Housing Market Stability  

Tariffs have dominated headlines since early April, significantly impacting the financial sector. Global market uncertainty has driven U.S. mortgage bond and Treasury prices lower, pushing yields and home borrowing costs higher.

Recent developments have brought some relief as tariff tensions ease and inflation cools. The White House has paused high reciprocal tariffs and scaled back planned increases on imports from China. The Consumer Price Index (CPI) has declined for two consecutive months and is expected to continue edging lower.

The housing market is showing signs of resilience. A Realtor.com report indicates a 27.5% increase in homes for sale compared to last year, a trend experts predict will persist. New and existing home sales have exceeded expectations, with March new home sales rising 7.4% to an annualized rate of 724,000, surpassing forecasts of 684,000. Home borrowing costs, which had been declining before tariff-related volatility spiked, rose but have recently started to ease.

As markets stabilize, the combination of cooling inflation, easing tariff pressures, and a robust housing sector suggests a more favorable environment for homebuyers and investors. Continued monitoring of tariff negotiations and economic data will be crucial to sustaining this momentum.

Bottom Line: Easing tariff tensions and cooling inflation are stabilizing markets, boosting housing inventory and sales, with borrowing costs showing signs of moderation, creating opportunities for homebuyers and investors.

Source: Mortgage Market Guide

Team Lasson is here to assist with all of your home buying needs!  If you’re considering taking the leap into home ownership in the near future, we’re here to help.  Contact us today to explore which loan program aligns best with your financial goals. 

The first step in preparing for your big purchase is to get pre-approved for a mortgage at Lake of the Ozarks.  Visit www.yourlakeloan.com or call us at (573) 216-7258 to get started today!

Michael Lasson

Senior Mortgage Banker

NMLS #:  493712

Flat Branch Home Loans – Team Lasson

2882 Bagnell Dam Blvd

Lake Ozark, MO 65049

Cell:  (573) 216-7258

Email:  teamlasson@fbhl.com

Website:  www.yourlakeloan.com

**The postings on this site are my own and do not necessarily represent Flat Branch Home Loans positions, strategies, or opinions.

Flat Branch Home Loans NMLS 224149. A Division of Flat Branch Mortgage Inc.

For more licensing information, visit NMLSConsumerAccess.org

Tariffs, Inflation, Economic Activity, Consumer Sentiment and Housing

WHAT TO WATCH:

Home borrowing costs, economic activity, inflation, and tariffs will dominate headlines in the coming months, and their outcomes could significantly influence consumer sentiment toward achieving the American Dream of homeownership.  

Fixed mortgage rates, particularly the 30-year, have eased from their multi-year peak of nearly 8% in fall 2023 but remain stuck just above 6.5%.

According to Fannie Mae's March Commentary, rates are expected to decline throughout 2025, potentially sparking a modest uptick in housing activity. “We think mortgage rates will dip even lower within the next quarter, closing the year around 6.3%, which could entice some sidelined buyers back into the market,” said Mark Palim, Fannie Mae's Senior Vice President and Chief Economist.

Economic activity plays a critical role in shaping housing markets, driving prices, affordability, supply, and demand. Robust job growth, rising wages, or new industries can ignite housing demand, while slowdowns, triggered by recessions or high interest rates, often cool it off.

Meanwhile, inflation and tariffs cast a shadow of uncertainty over consumers and businesses alike. Inflation erodes purchasing power from both the demand and cost sides, while tariffs disrupt supply chains and inflate prices. Together, they create a double whammy, prompting businesses to pause investment and hiring, and leaving consumers hesitant to spend as they await clarity.

The bottom line? The interplay of falling mortgage rates, economic momentum, and the inflationary pressures of tariffs will determine whether the housing market gains traction or stalls. For aspiring homeowners, the path to the American Dream hinges on how these forces align in 2025.

Source: Mortgage Market Guide

Team Lasson is here to assist with all of your home buying needs!  If you’re considering taking the leap into home ownership in the near future, we’re here to help.  Contact us today to explore which loan program aligns best with your financial goals. 

The first step in preparing for your big purchase is to get pre-approved for a mortgage at Lake of the Ozarks.  Visit www.yourlakeloan.com or call us at (573) 216-7258 to get started today!

Michael Lasson

Senior Mortgage Banker

NMLS #:  493712

Flat Branch Home Loans – Team Lasson

2882 Bagnell Dam Blvd

Lake Ozark, MO 65049

Cell:  (573) 216-7258

Email:  teamlasson@fbhl.com

Website:  www.yourlakeloan.com

**The postings on this site are my own and do not necessarily represent Flat Branch Home Loans positions, strategies, or opinions.

Flat Branch Home Loans NMLS 224149. A Division of Flat Branch Mortgage Inc.

For more licensing information, visit NMLSConsumerAccess.org

Home Improvement Ideas for Aging Adults

Aging in Place - Essential Home Modifications for Senior Living  

Many seniors would prefer to stay in their homes rather than move into assisted living facilities. However, mobility and health needs change as we age. Whether you're planning ahead for yourself or want to keep a loved one safe, the right home modifications are a must for safety and comfort. Here are some practical home updates for aging in place.

Install Safer Flooring

Slips and falls are one of the biggest risks for older adults. To minimize accidents, replace loose rugs with slip-resistant carpets or remove them entirely. Opt for low-impact flooring, such as rubber or cork, to provide better traction and cushioning. In high-risk areas, such as bathrooms and kitchens, use non-slip mats.

Update Bathrooms

Bathrooms are one of the most dangerous places for seniors, but small changes can improve safety. Install grab bars near toilets and in showers for extra support. Another low-cost upgrade is to switch to a handheld showerhead to reduce strain while bathing. If it's in your budget, consider swapping out bathtubs for walk-in showers with built-in seating.

Focus on Accessibility

Install ramps at entryways to eliminate the need for stairs. Stairlifts also provide a safe, motorized option. Replace doorknobs with lever handles that are easier to grip and widen doorways to accommodate walkers or wheelchairs.

Home updates can be expensive, but financial assistance is available. Research government grants, low-interest loans, and tax deductions for medically necessary home changes. Medicare Advantage plans may also cover certain safety modifications.

Sources: Assistedliving.org, Thehelperbees.com

Team Lasson is here to assist with all of your home buying needs!  If you’re considering taking the leap into home ownership in the near future, we’re here to help.  Contact us today to explore which loan program aligns best with your financial goals. 

The first step in preparing for your big purchase is to get pre-approved for a mortgage at Lake of the Ozarks.  Visit www.yourlakeloan.com or call us at (573) 216-7258 to get started today!

Michael Lasson

Senior Mortgage Banker

NMLS #:  493712

Flat Branch Home Loans – Team Lasson

2882 Bagnell Dam Blvd

Lake Ozark, MO 65049

Cell:  (573) 216-7258

Email:  teamlasson@fbhl.com

Website:  www.yourlakeloan.com

**The postings on this site are my own and do not necessarily represent Flat Branch Home Loans positions, strategies, or opinions.

Flat Branch Home Loans NMLS 224149. A Division of Flat Branch Mortgage Inc.

For more licensing information, visit NMLSConsumerAccess.org

Understanding Zoning Laws and your Property

Understanding How Zoning Laws Affect Your Property Rights and Home Business Options

Zoning laws shape how homeowners may use their land. These regulations can impact everything from home renovations to whether you may legally operate a business from your residence. Whether you're in the market for a new house or considering making changes to your existing property, researching the zoning laws in your area can help you avoid legal headaches.  

Identify Your Property's Zone Type

Cities and counties divide land into residential, commercial, industrial, and agricultural areas. Each zone has different building restrictions that can impact property value. For example, a home in a desirable residential zone that is close to amenities such as parks and schools may retain a higher value. On the other hand, properties near industrial zones may see lower values due to noise and environmental factors.

To determine how a property is classified, request local ordinances and zoning maps from the city's planning department. You may be able to find this information on their website.

Pay Attention to Home Renovation Restrictions

Some areas have strict guidelines on lot size and building height that may limit modifications. Check with your city or county before adding a new structure or room onto your property. You may also need permission to convert a space such as a garage or a shed into a living area, especially if you plan to rent it out.

Research Business Regulations

If you're in a residential zone and wish to operate a business from your home, make sure you're permitted to do so. While some cities and counties allow homeowners to use their residential address for business operations, there may be restrictions regarding signage and advertising. Zoning laws may also limit customer visits and business-related traffic.

If you live in a planned community, you should also check the homeowners association's covenants, conditions, and restrictions. These rules can be even stricter than standard zoning laws. Take the time to do your research and consult with a real estate professional before purchasing a new property to make sure it's suited to your needs.

Sources: Hunterofhomes.com, Nolo.com

Team Lasson is here to assist with all of your home buying needs!  If you’re considering taking the leap into home ownership in the near future, we’re here to help.  Contact us today to explore which loan program aligns best with your financial goals. 

The first step in preparing for your big purchase is to get pre-approved for a mortgage at Lake of the Ozarks.  Visit www.yourlakeloan.com or call us at (573) 216-7258 to get started today!

Michael Lasson

Senior Mortgage Banker

NMLS #:  493712

Flat Branch Home Loans – Team Lasson

2882 Bagnell Dam Blvd

Lake Ozark, MO 65049

Cell:  (573) 216-7258

Email:  teamlasson@fbhl.com

Website:  www.yourlakeloan.com

**The postings on this site are my own and do not necessarily represent Flat Branch Home Loans positions, strategies, or opinions.

Flat Branch Home Loans NMLS 224149. A Division of Flat Branch Mortgage Inc.

For more licensing information, visit NMLSConsumerAccess.org

Garage - Attached or Detached?

 

What are some of the factors that should be looked at when deciding whether an attached or detached garage is right for your property? While both options have advantages, choosing between an attached or detached garage often comes down to convenience, security, space, and cost. A garage that's connected to your home offers easy access, so you can go from your car to your house without stepping outside. This can be beneficial if you live in a climate with extreme weather conditions or have a large family and find yourself hauling lots of groceries back and forth. If you're considering adding a garage onto an existing property, an attached garage can also provide cost savings. This is because attached garages usually share some walls, plumbing, and electrical connections with your main house. However, attached garages can pose some security risks if they're not properly secured, and you may be limited in your design options depending on how much space is available. A detached garage, on the other hand, can provide a flexible space that doubles as a workshop or studio. As a standalone structure, it may also reduce noise transfer to your home, especially if you plan to work on large projects. However, detached garages require extra effort to access, especially in inclement weather, and often involve higher construction costs due to the need for separate utility lines.   To make your decision, consider your lot size, intended use, and long-term goals. Check your neighborhood's guidelines to determine whether there are any regulations about where you can build. And finally, work with a professional contractor to compare different design options and estimates to make sure you have all the information you need to make the best choice for your lifestyle, budget, and property. Sources: Tilghmanbuilders.com

Team Lasson is here to assist with all of your home buying and remodeling needs!  If you’re considering taking the leap into home ownership or renovation in the near future, we’re here to help.  Contact us today to explore which loan program aligns best with your financial goals. 

The first step in preparing for your big purchase is to get pre-approved for a mortgage at Lake of the Ozarks.  Visit www.yourlakeloan.com or call us at (573) 216-7258 to get started today!

Michael Lasson

Senior Mortgage Banker

NMLS #:  493712

Flat Branch Home Loans – Team Lasson

2882 Bagnell Dam Blvd

Lake Ozark, MO 65049

Cell:  (573) 216-7258

Email:  teamlasson@fbhl.com

Website:  www.yourlakeloan.com

**The postings on this site are my own and do not necessarily represent Flat Branch Home Loans positions, strategies, or opinions.

Flat Branch Home Loans NMLS 224149. A Division of Flat Branch Mortgage Inc.

For more licensing information, visit NMLSConsumerAccess.org

Freshen Up Your Space: Spring Home Upgrades to Enhance Comfort and Boost Curb Appeal

As the days grow longer and the weather warms up, it’s the perfect time to give your home a seasonal refresh. Spring invites vibrant colors, natural elements, and a sense of renewal, making it an ideal time to make upgrades and decorate.

Whether you’re looking to make small changes to improve comfort or larger updates to increase your home’s curb appeal and value, here are some ideas to embrace the season.

Bring the Outdoors In

Bring some of spring’s life and greenery indoors. 

• Houseplants: Adding houseplants like ferns, snake plants, or peace lilies can instantly brighten any space. Opt for low-maintenance plants if you’re new to indoor gardening.

• Fresh Flowers: Display fresh bouquets of tulips, daffodils, or hydrangeas around your home for an instant burst of color.

• Open Windows: Let the fresh air in! Crack open your windows and swap out heavy curtains for sheer, light fabrics to invite in natural light.

Light and Airy Decor

Refresh your home’s look by swapping dark, heavy winter decor for lighter and brighter touches.

• Throw Pillows and Blankets: Switch out thick, cozy blankets for lighter materials like cotton or linen. Opt for pastel or floral-patterned throw pillows to embrace the spring vibe.

• Table Settings: Add a touch of spring to your dining space with pastel table runners, floral centerpieces, or colorful napkins.

• Artwork: Consider swapping out artwork or wall decor for pieces that feature nature, florals, or vibrant colors.

Boost Curb Appeal

Make your outdoor areas just as inviting as your indoor spaces! First impressions matter, and small updates can make a big impact on your home’s marketability.

According to a study from The University of Texas at Arlington, curb appeal can account for up to 7% of a home’s value when sold.

• Patio Furniture: Dust off your patio furniture and add bright cushions or an outdoor rug to create a cozy outdoor space.

• Planters: Plant colorful flowers like petunias, marigolds, or geraniums in decorative plants to brighten up your porch or backyard.

• Outdoor Lighting: String lights, solar lanterns, or LED candles can enhance your outdoor ambiance, making your space perfect for evening gatherings.

Quick Home Upgrades

If you’re ready to tackle a few home improvement projects, these upgrades can make a big impact without breaking the bank.

• Paint: Refresh a room or accent wall with a light, airy color such as soft blues, greens, or neutrals to bring a fresh look to your space.

• Hardware Swap: Update cabinet handles, drawer pulls, and light fixtures with modern, sleek options to give your kitchen or bathroom a quick facelift.

• Front Door: Give your front door a pop of color with a fresh coat of paint. Choose a bright, welcoming color like teal, yellow, or coral.

Spring is the perfect season to give your home a fresh start. Whether you’re adding small decorative touches or tackling a home upgrade, embracing the season will make your space feel renewed and inviting. Happy decorating!

Team Lasson is here to assist with all of your home buying needs!  If you’re considering taking the leap into home ownership in the near future, we’re here to help.  Contact us today to explore which loan program aligns best with your financial goals. 

The first step in preparing for your big purchase is to get pre-approved for a mortgage at Lake of the Ozarks.  Visit www.yourlakeloan.com or call us at (573) 216-7258 to get started today!

Michael Lasson

Senior Mortgage Banker

NMLS #:  493712

Flat Branch Home Loans – Team Lasson

2882 Bagnell Dam Blvd

Lake Ozark, MO 65049

Cell:  (573) 216-7258

Email:  teamlasson@fbhl.com

Website:  www.yourlakeloan.com

**The postings on this site are my own and do not necessarily represent Flat Branch Home Loans positions, strategies, or opinions.

Flat Branch Home Loans NMLS 224149. A Division of Flat Branch Mortgage Inc.

For more licensing information, visit NMLSConsumerAccess.org

Home Improvement Tips for Pet Friendly Modifications

 

Pet-Friendly Home Modifications - Creating a Safe and Comfortable Space for Your Furry Friends

Whether you're preparing to welcome a new pet into your home, moving into a new property with your current furry friend, or simply want to make your living space safer for your animal companion, there are plenty of ways to prioritize their well-being while maintaining a stylish and functional space. Here are some tips to help you pet-proof your home:

Secure cabinets and trash bins: Save yourself the headache of picking up garbage after a hungry critter decides it's snack time by securing your trash bins with a latch. It's also a smart idea to store cleaning products, medications, and food in high cabinets to prevent curious paws from getting into trouble.

Hide electrical cords: This one is especially important if you have a cat, rabbit, or puppy. Use cord covers or secure cables to prevent chewing.

Block off unsafe areas: If there are rooms or stairways that pose risks, especially to young or elderly pets, install pet gates to keep them out.

Remove toxic plants: Some common houseplants, such as aloe vera, lilies, and pothos, can be harmful if ingested. Check the ASPCA's list of pet-safe plants before adding greenery to your home.

Incorporate washable rugs and runners: Rugs help older pets gain traction and can protect floors from damage. Opt for machine-washable materials to make cleanup a breeze.

Create indoor play zones: If you have the room, designate a specific space for your pets that includes interactive toys, scratching posts, or tunnels to keep them entertained and prevent destructive behavior.

These tips for creating a safe and comfortable home for your pet might seem simple, but they can have a big impact on your furry friend's quality of life.

Sources: Tiptotail.com, Thisoldhose.com

Team Lasson is here to assist with all of your home buying needs!  If you’re considering taking the leap into home ownership in the near future, we’re here to help.  Contact us today to explore which loan program aligns best with your financial goals. 

The first step in preparing for your big purchase is to get pre-approved for a mortgage at Lake of the Ozarks.  Visit www.yourlakeloan.com or call us at (573) 216-7258 to get started today!

Michael Lasson

Senior Mortgage Banker

NMLS #:  493712

Flat Branch Home Loans – Team Lasson

2882 Bagnell Dam Blvd

Lake Ozark, MO 65049

Cell:  (573) 216-7258

Email:  teamlasson@fbhl.com

Website:  www.yourlakeloan.com

**The postings on this site are my own and do not necessarily represent Flat Branch Home Loans positions, strategies, or opinions.

Flat Branch Home Loans NMLS 224149. A Division of Flat Branch Mortgage Inc.

For more licensing information, visit NMLSConsumerAccess.org

Buying a Vacation Home - Investment Opportunities and Considerations

Whether you're dreaming of a beachfront escape or a cozy cottage in the mountains, a vacation home is an exciting investment that can serve as a personal retreat and provide potential financial rewards. Of course, just like any major purchase, it's important to assess the benefits, challenges, and financial implications to make the most of your second property. Here are some things to consider as you begin your search for your perfect getaway:

Finances and budget: A vacation home is a long-term commitment that requires more than just enough to cover the property's monthly mortgage payments. Also consider down payment requirements, which are often at least 10% on second homes. Then, factor in property taxes, homeowners' insurance, maintenance costs, and possible HOA fees.

Location: Is the property you're looking at close enough for weekend visits, or will you need to factor in additional costs and time for travel? Pay attention to how far away the amenities and attractions you plan to use the most are, especially if you want to retire to your vacation property one day. If you're considering renting your vacation property out, make sure it's in a desirable area for tourists and zoned appropriately.

Rental potential and management: It's common for property owners to rent their vacation homes when not in use to offset costs. However, managing a rental property comes with its own challenges. Consider whether you'll handle bookings, guest communication, and maintenance yourself or hire a property management company. It's also worth researching when the peak seasons are for rental demand.

If you're serious about buying a second property, partner with a local real estate agent who specializes in vacation homes to find properties with the best investment potential. A real estate agent with experience in this area can also explain market trends, seasonal fluctuations, rental restrictions, and tax implications to help you make the most of your purchase. By making sure you're financially prepared and choosing the right location, your vacation home can provide years of enjoyment and might even help you build wealth.

Source: realestateusnews

Team Lasson is here to assist with all of your home buying needs!  If you’re considering taking the leap into home ownership in the near future, we’re here to help.  Contact us today to explore which loan program aligns best with your financial goals. 

The first step in preparing for your big purchase is to get pre-approved for a mortgage at Lake of the Ozarks.  Visit www.yourlakeloan.com or call us at (573) 216-7258 to get started today!

Michael Lasson

Senior Mortgage Banker

NMLS #:  493712

Flat Branch Home Loans – Team Lasson

2882 Bagnell Dam Blvd

Lake Ozark, MO 65049

Cell:  (573) 216-7258

Email:  teamlasson@fbhl.com

Website:  www.yourlakeloan.com

**The postings on this site are my own and do not necessarily represent Flat Branch Home Loans positions, strategies, or opinions.

Flat Branch Home Loans NMLS 224149. A Division of Flat Branch Mortgage Inc.

For more licensing information, visit NMLSConsumerAccess.org

Indoor Air Quality Tips

 

Indoor Air Quality: Home Upgrades for a Healthier Living Environment

Did you know that your indoor air can be two to five times more polluted than the air outside? Whether you're renovating or simply looking to make your home safer, here are some effective strategies to breathe easier indoors.

Stop pollution at the source. Seal or replace materials that contain harmful substances such as asbestos. Use a vented range hood for gas stoves to reduce harmful emissions and opt for paints and cleaning products with low levels of volatile organic compounds to minimize chemical pollutants.

Improve ventilation. Open windows and doors whenever weather permits for natural ventilation. You can also use exhaust fans in your kitchen and bathrooms to remove moisture and odors. Install energy-efficient heat recovery ventilators to bring in fresh air while maintaining temperature control during colder months.

Remove harmful particles. Air purifiers can capture allergens, dust, and other particles. Choose a high-efficiency particulate air filter for maximum effectiveness. It's also important to maintain your HVAC system and replace the filters regularly.

Prevent mold and dust mites. Keep your home's humidity below 50% to limit mold and dust mites. You can use dehumidifiers in damp climates or during humid seasons. Make sure to address leaks or standing water promptly to avoid moisture buildup.

If you or someone you live with suffers from allergies, consider replacing your carpets with hard flooring to reduce allergens and make cleaning easy. You can also opt for certified Asthma & Allergy Friendly products, which includes bedding, vacuums, and cleaners. It's also a good idea to avoid heavily scented candles and cleaning products, as they can release irritants into the air. Your home should be a haven, not a source of hidden health hazards. By implementing these upgrades one at a time, you can create a safer living environment that supports your overall well-being.

Sources: EPA.gov, AAFA.org

Team Lasson is here to assist with all of your home buying needs!  If you’re considering taking the leap into home ownership in the near future, we’re here to help.  Contact us today to explore which loan program aligns best with your financial goals. 

The first step in preparing for your big purchase is to get pre-approved for a mortgage at Lake of the Ozarks.  Visit www.yourlakeloan.com or call us at (573) 216-7258 to get started today!

Michael Lasson

Senior Mortgage Banker

NMLS #:  493712

Flat Branch Home Loans – Team Lasson

2882 Bagnell Dam Blvd

Lake Ozark, MO 65049

Cell:  (573) 216-7258

Email:  teamlasson@fbhl.com

Website:  www.yourlakeloan.com

**The postings on this site are my own and do not necessarily represent Flat Branch Home Loans positions, strategies, or opinions.

Flat Branch Home Loans NMLS 224149. A Division of Flat Branch Mortgage Inc.

For more licensing information, visit NMLSConsumerAccess.org