U.S. homeowners have about $300,000 in tappable home equity, offering borrowing options at around 8% interest, much lower than credit card rates above 21%. Smart uses for $100,000 in equity include paying off high-rate debt, strategic home renovations, investing in diversified portfolios, funding small businesses, or financing education. Using equity wisely can build wealth and improve financial stability, but it carries risks since the loan is secured by your home.

Buying a second home involves stricter mortgage rules and higher rates. Refinancing can optimize cash flow and change terms, rates, or release equity on rental properties. Conventional loans are required for cash-out refinancing on investment properties. Leveraging home equity loans can increase investment property profitability. Monitoring mortgage rates and trends is vital for strategic refinancing decisions. Researching cash-out refinance lenders can lead to competitive rates. Higher rates are applicable to investment properties and second homes during refinancing.

Salt Lake County's certified property tax rate decreased from 0.1297% to 0.1253% to adjust for inflation, keeping revenue stable without raising taxes. New growth added $3.76 million in revenue, though slightly below projections. Some residents will see different rates based on local services, like library taxes. The county also eliminated a minor municipal tort liability levy, causing a negligible tax decrease.

A Fannie Mae survey reveals that 86% of participants believe it's a bad time to buy a house due to affordability issues, with Freddie Mac reporting a 6.86% 30-year fixed mortgage rate. However, homeowners' perception of selling conditions remains positive. As per the United States Census Bureau, nearly 8.2 million people moved between states in 2022. Experts suggest cleaning and renovating homes to attract buyers and networking with agents to increase visibility.