Refusing to list. Homeowners are increasingly willing to sit tight and not list their homes, suggesting a wave of home renovations could be coming. The Federal Reserve has, in effect, locked many homeowners into the places they own after raising its benchmark rate 11 times since March 2022.

Time to renovate. Many who own a home with an ultra-low mortgage rate are understandably hesitant to move, even if their lifestyle and needs have evolved. If this sounds like you, consider tapping your home equity to finance a kitchen remodel, an addition, or any improvement you can imagine.

Turn to the experts at National Iron Bank to tap your home equity and help you make your dreams come true.

Excerpt from The Associated Press