Marketplace Morning Report It's home improvement time
Oct 17, 2025
Mortgage rates are on the decline, hitting an average of 6.27%, encouraging homeowners to invest in improvements rather than move. Experts discuss how low locked-in rates influence renovation trends, as many homeowners see upgrades as a more manageable option. The conversation also dives into the regional banking sector's concerns and touches on innovative culinary trends, including fats derived from carbon. This sweet and savory mix of finance and sustainability makes for a compelling listen!
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Falling Rates Could Unlock Renovation Demand
- Mortgage rates fell to an average of 6.27% this week, which can influence housing decisions and renovation demand.
- Harvard's Joint Center expects remodeling activity to rise in 2026 as buyers and owners act on that momentum.
Remodeling Reflects Housing Momentum
- The remodeling market covers nearly all existing housing and responds to housing momentum.
- Harvard's leading indicator suggests rising remodeling will unlock pent-up demand from sidelined buyers.
New Homebuyer Notices Cosmetic Needs
- Jamie Katz bought a townhouse and immediately noticed it needed cosmetic work like painting.
- Katz follows home improvement retailers and expects typical post-purchase spending on personalization.