It’s been a pretty good year so far for mortgage rates, which topped out at around 8% last year.
The 30-year fixed is now priced about one full percentage point below its year ago levels, per Freddie Mac.
And when you consider the high of 7.79% seen in October 2023, is now over 150 basis points lower.
But the recent mortgage rate rally may still have some gas in the tank, especially with how disjointed the mortgage market got in recent years.
Simply getting spreads back to normal could result in another 50 basis points (.50%) or more of relief for mortgage rates going forward.
Forget the Fed, Focus on Spreads
There are a couple of reasons mortgage rates have improved over the past 11 months or so.
For one, 10-year treasury yields have drifted lower thanks to a cooler economy, which is a boost for bonds.
When demand for bonds increases, their price goes up and their yield (interest rate) goes down.
Long-term mortgage rates follow the direction of the 10-year yield because they have similar maturities (mortgages are often prepaid in a decade).
So if you want to track mortgage rates, the 10-year yield is a good place to start.
Anyway, inflation has cooled significantly in recent months thanks to monetary tightening from the Fed.
They raised rates 11 times since early 2022, which seemed to finally do the trick.
This pushed the 10-year yield down from nearly 5% in late October to about 3.65% today. That alone could explain a good chunk of the mortgage rate improvement seen since then.
But there has also been some narrowing of the “spread,” which is the premium MBS investors demand for the risk associated with a home loan vs. a government bond.
Remember, mortgages can fall into default or be prepaid at any time, whereas government bonds are a sure thing.
So consumers pay a premium for a mortgage relative to what that bond might be trading at. Typically, this spread is around 170 basis points above the 10-year yield.
In other words, if the 10-year is 4%, a 30-year fixed might be offered at around 5.75%. Lately, mortgage rate spreads have widened due to increased volatility and uncertainty.
In fact, the spread between the 10-year and 30-year fixed nearly doubled from its longer-term norm, meaning homeowners were stuck with a rate 3%+ higher.
For example, when the 10-year was around 5%, a 30-year fixed was priced around 8%.
Normalizing Spreads Could Drop Rates Another 60 Basis Points
New commentary from J.P. Morgan Economic Research argues that “primary mortgage rates could fall by as much as 60 bps over the next year” thanks to spread normalization alone.
And even more than that if the market prices in more Fed rate cuts.
They note that the primary/secondary spread — what a homeowner pays vs. the secondary mortgage rate (what mortgage-backed securities trade for on the secondary market) remains wide.
Head of Agency MBS Research at J.P. Morgan Nick Maciunas said if the yield curve re-steepens and volatility falls, mortgage rates could ease another 20 bps (0.20%).
In addition, if prepayment risk and duration adjustment fall back in line with their norms, spreads could compress another 20 to 30 bps.
Taken together, Maciunas says mortgage rates could improve another 60 basis points (0.60%).
If we consider the 30-year fixed was hovering around 6.35% when that research was released, the 30-year might fall to 5.75%.
But wait, there’s more. Aside from the mortgage market simply rebalancing itself, additional Fed rate cuts (due to a continued economic slowdown) could push rates even lower.
How Much Will the Fed Actually Cut Over the Next Year?
Remember, the Fed doesn’t set mortgage rates, but it does take cues from economic data.
At last glance, the CME FedWatch tool has the fed funds rate hitting a range of 2.75% to 3.00% by September 2025.
That’s 250 bps below current levels, of which some is “priced in” and some is not. There’s still a chance the Fed doesn’t cut that much.
However, if it becomes more apparent that rates are in fact too high and going to drop to those levels, the 10-year yield should continue to fall.
When we combine a lower 10-year yield with tighter spreads, we could see a 30-year fixed in the low 5s or even high 4s next year.
After all, if the 10-year yield slips to around 3% and the spreads return closer to their norm, if even a bit higher, you start to see a 30-year fixed dip below 5%.
Those who pay discount points at those levels might have the chance to go even lower, perhaps mid-to-low 4s and maybe, just maybe, something in the high 3s depending on loan scenario.
Just note this is all hypothetical and subject to change at any given time. Similar to the ride up for mortgage rates, there will be hiccups and unexpected twists and turns along the way.
And remember that lower mortgage rates don’t necessarily imply another housing boom, assuming higher unemployment offsets purchasing power and/or increases supply.
Before creating this site, I worked as an account executive for a wholesale mortgage lender in Los Angeles. My hands-on experience in the early 2000s inspired me to begin writing about mortgages 18 years ago to help prospective (and existing) home buyers better navigate the home loan process. Follow me on Twitter for hot takes.
Although Experian is the largest credit bureau in the U.S., TransUnion and Equifax are widely considered to be just as accurate and important. When it comes to credit scoring models, however, there is a clear winner: FICO® Score is used in roughly 90% of lending decisions.
It’s crucial that consumers understand at least the basics of how credit reports work and credit scores are calculated. After all, a high credit score can get borrowers the best deals on loans and credit cards, potentially saving them many thousands of dollars over a lifetime. Read on to learn how you can build a credit history that lenders will swoon over.
Will My Credit Score Be the Same Across the Board?
In a word, no. Credit scores vary depending on the company providing the score, the data on which the score is based, and the method used to calculate the score.
In an ideal world, all credit bureaus would have the same information. But lenders don’t always report information to every bureau, so there will be variations in your credit file — usually minor — from bureau to bureau.
How Are Credit Scores Calculated?
Regardless of the scoring model used, most credit scores are calculated with a similar set of information. This includes information like how many and what types of accounts you have, the length of your credit history, your payment history, and your credit utilization ratio.
Lenders like to see evidence that you have successfully managed a variety of accounts in the past. This can include credit cards, student loans, personal loans, and mortgages, in addition to other types of debts. As a result, scoring models sometimes include the number of accounts you have and will also note the different types of accounts.
The length of your credit history shows lenders that you have a record of repaying your debts responsibly over time. Scoring models will factor in how recently your accounts have been opened.
Your payment history allows lenders to see how you’ve repaid your debts in the past. It will show details on late or missed payments and any bankruptcies. Scoring models typically look at how late your payments were, the amount you owed, and how often you missed payments.
Each scoring model will place a different weight of importance on each factor. As an example, here are the weighting figures for your base FICO Score:
Payment History
35%
Amounts Owed
30%
Length of Credit History
15%
Credit Mix
10%
New Credit
10%
Recommended: Can You Get a First-Time Personal Loan With No Credit History?
Which Credit Score Matters the Most?
As noted earlier, the credit score that matters the most is generally your FICO Score, since it’s used in the vast majority of lending decisions. There’s really no way to determine which credit score is most accurate, though, because they all use slightly different scoring models to calculate those precious three digits.
Even within your FICO Score, there’s variation. The most widely used FICO Score is FICO 8 (though the company has released a FICO 9 and FICO 10). This differs from previous versions in key ways:
• Credit utilization is given greater weight.
• Isolated late payments are given less weight than multiple late payments.
• Accounts gone to collections for amounts less than $100 are ignored.
In addition, FICO can tweak their algorithm depending on the type of loan you’re applying for. If you’re looking to get an auto loan, your industry-specific FICO Score may emphasize your payment history with auto loans and deemphasize your credit card history.
As you can see, slight differences in method can result in different credit scores even given the same source data.
What Are the Largest Three Credit Bureaus?
The three major credit bureaus are Experian, Equifax, and TransUnion. These bureaus collect and maintain consumer credit information and then resell it to other businesses in the form of a credit report. While the credit bureaus operate outside of the federal government, the Fair Credit Reporting Act allows the government to oversee and regulate the industry.
It’s worth noting that not all lenders report to the credit bureaus. You may have seen advertisements for loans with no credit check. Lenders that offer this type of loan won’t check your credit, and typically don’t report your new loan or your loan payments to the credit bureaus. Because these loans are riskier for the lender, they can justify high interest rates (possibly as much as 1000%) and faster repayment schedules. Consumers should beware of predatory lenders, especially risky payday loans and other fast-cash loans.
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How To Find Your Credit Score
Your credit history and score play a large role in your personal finances. They can impact everything from taking out a mortgage or renting an apartment to buying a car and refinancing your student loans. Having an idea of what your credit score is can help you determine what your loan may look like and how much you can afford to borrow.
You can request a free copy of your credit report from each of the major credit bureaus at AnnualCreditReport.com. Typically, your credit reports will not contain your credit scores. However, you may be able to access your FICO Score for free through your bank or credit card company (it may be on your statement or you may be able to see it by logging into your account online). You can also purchase credit scores from one of the three major credit bureaus or FICO. Some credit score services offer free scores to any user, while others only offer sores to customers who pay for credit monitoring services.
Be careful when you pull your free credit reports not to accidentally opt in to an add-on service that will charge you for special tools or credit monitoring.
Building Strong Credit
Credit scores aren’t set in stone. They evolve constantly as new financial information comes in, both positive and negative. Here are some strategic steps to consider for those trying to build a positive credit history:
Make Payments on Time
This includes credit card payments, rent, loans, utilities, and any other monthly bills or payments. Lenders often consider past behavior to be a predictor of future behavior and want to avoid lending money to individuals with a history of missed payments.
Pay Down Revolving Credit
Revolving credit refers to credit cards and credit lines, such as home equity lines of credit (HELOCs). Lenders generally like to see that you use no more than 30% of the total revolving credit available to you. It’s an indicator that you are able to effectively manage your credit.
One popular way to pay down high-interest revolving debt, is to use a debt consolidation loan. These are unsecured personal loans that typically offer lower fixed interest rates compared to credit cards. Getting approved for a personal loan is fairly straightforward, and you can usually shop around for the best personal loan interest rates without it affecting your credit score.
Be Selective About New Accounts
Opening a new credit card or applying for a loan generally involves a hard credit inquiry. Too many hard credit inquiries can have a negative impact on the applicant’s score. So while having a diverse mix of credit is a good thing in the eyes of lenders, opening a number of new accounts at once may be counter-productive.
The Takeaway
All three major credit bureaus — Experian, Equifax, and TransUnion — are more alike than they are different, and any variations in their data are usually minor. Equifax is the largest credit bureau in the U.S., but TransUnion and Equifax are thought to be just as important. When it comes to credit scores, however, lenders prefer FICO Score by a wide margin.
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Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.
Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website .
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Located in the scenic foothills of North Carolina, Hickory is a beautiful place to settle down. For anyone considering a move to this area of North Carolina, Hickory combines affordability with Southern hospitality, making it appealing to a range of people at different stages in life. That said, like any city, Hickory has its own set of advantages and challenges. Below, we’ll break down 13 of the top pros and cons of living in Hickory to help you make the best decision for you.
Hickory at a glance
Walk Score: 28 | Bike Score: 26 Median Sale Price: $319,500 Houses for rent in Hickory | Apartments for rent in Hickory | Homes for sale in Hickory
1. Pro: Affordable cost of living
Hickory has a notably lower cost of living compared to other cities in North Carolina. Housing is especially affordable, with median home prices well below the national average, making it a great place to stretch your budget.
2. Con: Limited public transportation
One downside of living in Hickory is the lack of robust public transportation. Most residents rely on personal vehicles for commuting, which can be an issue if you don’t like getting behind the wheel on a daily basis.
3. Pro: Thriving manufacturing industry
Hickory is a hub for the furniture and manufacturing industries, offering plenty of job opportunities in these industries. The city has a long history in furniture production, and large employers like CommScope and Corning create a steady demand for skilled workers.
4. Con: Fewer options for nightlife
If you’re looking for a lively nightlife scene, Hickory may miss the mark. While there are a few local bars and restaurants that offer evening entertainment, options are relatively sparse compared to larger cities.
5. Pro: Surrounded by scenery
Hickory is surrounded by beautiful natural scenery, including Lake Hickory and the Blue Ridge Mountains. Outdoorsy types can enjoy hiking, boating, and fishing within close proximity to the city, making it a perfect spot for nature lovers.
6. Con: Hot, humid summers
Summers in Hickory can be uncomfortably hot and humid, especially if you’re not a fan of high temperatures. The humid climate may feel especially overwhelming during July and August, particularly for those who prefer milder conditions.
7. Pro: Strong educational institutions
Hickory is home to several well-regarded schools like Lenoir-Rhyne University, making it one of the top North Carolina college towns. The city’s focus on education provides ample opportunities for students and families looking to settle down in a place that prioritizes continuing education.
8. Con: Limited dining options
While Hickory has some fantastic local Southern cuisine, the variety of restaurants offering international flavors is limited. You might find yourself traveling to nearby cities for more eclectic dining experiences.
9. Pro: Close-knit community atmosphere
There’s a strong sense of community in Hickory where neighbors know each other, and people often gather for local events. This tight-knit atmosphere is ideal for those seeking a slower, more personable way of life.
10. Con: Slower economic development in some areas
While Hickory has seen growth in certain industries, others haven’t experienced the same level of development. The economy can feel stagnant in areas outside of manufacturing, leading to fewer job opportunities for people in other fields.
11. Pro: Easy access to larger cities
Hickory is conveniently located near major highways, making it easy to take day trips to larger North Carolina cities, like Charlotte, Asheville, or Winston-Salem. You get the benefits of small-town living while still being close to bigger cities with more options.
12. Con: Fewer entertainment venues
Though Hickory does have a few cultural venues like the Hickory Museum of Art and a community theater, the selection of entertainment options can feel underwhelming. Residents often venture out of town for bigger concerts, shows, or events.
13. Pro: Minimal traffic and easy commuting
Compared to larger cities, traffic in Hickory is minimal, making commuting around town quick and easy. This is a great benefit for people who want to avoid long drives or heavy congestion.
A native of the northern suburbs of Chicago, Carson made his way to the South to attend Wofford College where he received his BA in English. After working as a copywriter for a couple of boutique marketing agencies in South Carolina, he made the move to Atlanta and quickly joined the Rent. team as a content marketing coordinator. When he’s off the clock, you can find Carson reading in a park, hunting down a great cup of coffee or hanging out with his dogs.
Do you want to learn how to make money baking? Baking can be more than just a fun hobby; it can also be a great way to make extra money from home. From selling dog treats and cakes to starting a YouTube channel for baking tips, there are many ways to turn your passion into…
Do you want to learn how to make money baking?
Baking can be more than just a fun hobby; it can also be a great way to make extra money from home. From selling dog treats and cakes to starting a YouTube channel for baking tips, there are many ways to turn your passion into profit. By exploring these opportunities, you can find a side hustle or a small business idea that fits your lifestyle and interests.
Whether you enjoy creating sweet treats or savory goodies, there’s a market for your baked goods. You don’t have to be a professional chef to make money baking; with some creativity and effort, you can start earning and sharing your delicious creations with others.
Best Ways To Make Money Baking
Below are the best ways to make money baking.
1. Sell dog treats
Selling dog treats is a fun way to make money. If you love dogs and baking, this is a perfect match. You can make treats from home and sell them online, at local markets, or even work at a dog treat bakery.
I have bought many dog treats over the years, and I think it’s a wonderful business and baking side hustle!
You can start by finding easy recipes, such as this free peanut butter dog treat recipe. You’ll want to use ingredients safe for dogs like peanut butter, pumpkin, and oats (don’t forget to label the ingredients in case some dogs have allergies), and you can find many recipes online that are easy to follow.
Packaging is important too when it comes to dog treats. You may want to use cute bags or boxes to make your treats look special.
To get customers, you can advertise your treats on social media, such as by posting pictures and videos of your baking process.
You can learn more about this topic at How I Make Up to $4,000 Per Month Baking Dog Treats (With Zero Baking Experience!). Plus, you can sign up for this free training workshop that will teach you how to start your own side hustle baking and selling dog treats.
10
This free workshop will teach you how to start your own dog treat bakery business.
2. Sell custom cakes
Selling custom cakes is a fun way to make money from home. People love ordering unique cakes for birthdays, weddings, and other special events. You can decorate cakes with different designs, colors, and themes to match any occasion.
To learn how to make custom cakes, you can start practicing your cake decorating skills by watching tutorials online or taking a class in person (there’s probably a company near you that teaches this skill!).
The better your cakes look, the more customers you’ll attract, so learning through trial and error and/or with tutorials and classes will go a long way.
To get customers, you can start social media accounts (I’ve seen several custom cake accounts on TikTok and Instagram, for example), and post in local Facebook groups (such as wedding groups or parent groups).
You can learn more about this at How To Make Extra Money By Starting A Home Bakery.
3. Host baking workshops
Hosting baking workshops can be a fun way to make money baking. You can invite people to your home or rent a small space. Teach them how to make cakes, cookies, or whatever you love to bake. They will pay to learn from you.
You can sell workshops for beginner or experienced bakers, and make your classes based on what people want to learn. You could even focus on themes like holiday baking or gluten-free recipes. This way, you can get more students interested.
You can share your workshops on social media and tell your friends to spread the word. You can also make flyers and put them in local stores or cafes (make sure to add pictures of your tasty baked goods to grab people’s attention).
Another idea is to host online workshops on sites like Skillshare and Udemy. This way, you can reach even more people who want to learn from the comfort of their own homes. Use video calls to teach and send out ingredient lists beforehand. You can even record the classes so participants can rewatch them later.
4. Start a baking blog
Starting a baking blog can be a fun way to share your passion for baking and make money at the same time.
With a blog, you can post recipes, share baking tips, and talk about your favorite tools and ingredients. This gives you a platform to connect with others who enjoy what you create (and recipes that they can recreate).
To begin, you’ll need to choose a niche (you can go wide or very specific – up to you). For example, you could focus on gluten-free baking, cake decorating, family meals, healthy meals, budget meal ideas, or bread recipes.
Once your blog is up and running, you can monetize it through affiliate marketing, ads, sponsored posts, and even selling your own products like ebooks or online courses.
Building a blog takes time and effort, but it can be a rewarding way to turn your baking passion into a steady income stream.
You can start a blog by using my free How To Start a Blog course.
You can learn more about this at How I Make $110,000 A Year As A Food Blogger.
5. Become a food photographer
You can make money from home by working as a freelance food photographer. This means taking pictures of food for things like blogs, magazines, and ads.
Bloggers often hire photographers to make and photograph recipes for their blogs, using professional photos to make their posts look great.
Some food photographers earn $50,000 a year, and some even make over $100,000 working with bloggers.
You can learn more about this at How To Become a Food Blog Photographer And Earn Over $50,000 Each Year.
6. Partner with local cafes and coffee shops
Partnering with local cafes can be a great way to make money with your baking. Cafes look for fresh, homemade treats to sell to their customers, and many times the treats are made by local bakers.
I have a friend who does this as her full-time business – she has a home bakery business and she makes the most delicious treats. She sells them on her website, but also to local restaurants near where she lives.
You can start by visiting local cafes and talking to the owners. Bring samples of your best baked goods. This way, they can taste your work and see the quality for themselves.
Once you have a few interested cafes, you can set up a supply schedule. Decide how often you’ll deliver baked goods and how much you’ll charge. Make sure to keep track of orders and deliveries to avoid mistakes.
Building a good relationship with cafe owners is important, so you will want to be reliable and deliver on time. Happy cafe owners are more likely to keep ordering from you and might even recommend you to other businesses.
7. Start a YouTube baking channel
Creating a YouTube baking channel is an exciting way to share your passion for baking while making money.
I have watched many baking YouTube videos over the years so that I can learn how to make a recipe. Many people just love baking shows too!
With video content, you can teach others how to bake, demonstrate fun recipes, and build a community of baking enthusiasts who love your style.
You can start by choosing a specific niche for your channel – whether it’s cake decorating, gluten-free baking, or quick and easy desserts. This helps attract viewers who are interested in exactly what you have to offer.
High-quality videos are key, so invest in good lighting and a decent camera, but don’t stress – you don’t need to be a pro to get started. Many popular baking channels started with basic equipment like their cell phone and grew over time.
8. Create an Instagram baking account
I have a friend who has a baking side hustle where she shares the recipes she’s made on her Instagram. Her recipes always look so good too!
Starting an Instagram baking account can help you make money from your baking skills through sponsored partnerships, affiliate marketing, and even by selling baked goods.
Instagram is perfect for visual content, so your beautifully decorated cakes, cookies, and pastries can really shine. Plus, it’s a great platform to connect with potential customers and others who love to bake.
9. Sell baked goods at farmers markets
Selling baked goods at farmers markets is a great way to make money. You can meet your customers face-to-face, which helps build a loyal customer base.
You can start by finding a local farmers market. You’ll need to know the rules and fees, which can usually be found on their website. Some markets may have special requirements for food sellers.
You could sell baked goods like cookies, muffins, bread, pies, and more.
There’s a small farmers market near where I live, and I try to go at least once a month to specifically buy bread from a home bakery that I love. They also sell dips and different kinds of butter for the bread too.
10. Sell baking ebooks
Selling baking ebooks is a great way to make money from your baking skills. With ebooks, you can share your favorite recipes and tips with a wide audience.
Creating an ebook takes some time. You’ll need to write down your recipes, take photos, and maybe even make some videos. Once it’s ready, you can sell it online.
Amazon Kindle Direct Publishing is a popular platform where you can sell your ebook. It’s easy to use, and many people have had success with it.
Another option is to sell your ebook on your own website. This way, you keep more of the money from each sale. You can also create a blog to attract readers who might be interested in your ebook.
Even though it takes some work to create an ebook, it can be a good source of income. Once it’s done, you can keep selling it without much extra effort.
I have personally bought several books with recipes from “normal” people like you and me. They are personally my favorite ways to get new recipes. In fact, one of the things I like to do on my travels is buy a cooking book from a local author so that I can recreate local meals when I’m at home!
Getting Started With a Baking Business
Now that we have gone over 10 different ways to make money baking, I also wanted to talk about how you can get started with a new baking business.
When starting a baking business, you need to find your unique style, make your kitchen ready for baking, and get the equipment you need. These steps will help you turn your love for baking into a way to actually make money.
Note: The below won’t be everything that you need to do (or it may not be applicable to the bakery business idea that you are wanting), but it is a good start.
1. Finding your niche
Finding your baking niche means deciding what type of baked goods you want to specialize in. You could focus on cupcakes, bread, cookies, or even custom cakes for special events. Think about what you love to bake and what you’re best at.
If you enjoy making gluten-free or vegan desserts, that could be your niche. Selling something unique will make your business stand out, and it will also attract customers looking for specific types of baked goods.
2. Setting up your kitchen
The equipment you need will depend on what you plan on selling. But, overall, here are some tips to get started.
Clean your kitchen thoroughly to meet health standards.
Dedicate a section of your kitchen for baking supplies. This includes ingredients, baking pans, and mixing bowls. Labeling the shelves can help you quickly find what you need. If you’re limited on space, consider adding shelves or storage bins.
You may also need cooling racks, spatulas, and piping bags for decorating your baked goods.
Invest in quality items that will last. If new equipment costs too much, consider buying secondhand items in good condition.
Extra things like display cases and packaging materials are important. They help you present your baked goods attractively to customers. Good packaging also keeps your baked items fresh during delivery or pickup.
3. Marketing your baked goods
Marketing your bakery business can go a long way and help you to make more money.
Your brand is your bakery’s personality so I recommend that you make a catchy name and logo. Think of colors and fonts that match the feel of your baked goods.
Social media can help you reach many people fast too. Start with platforms like Instagram and Facebook, and post pictures of your baked goods.
4. Managing finances
When you run a baking business, handling your money well is key. You must price your products right, keep track of your expenses, and understand tax rules.
To make a profit, you need to set your prices carefully. Start by figuring out the cost of ingredients, packaging, and any special tools. Then, add in your labor costs.
A simple way to price is to use this formula:
(Cost of Ingredients + Labor + Overhead) x Markup = Sale Price
For example, if it costs $5 to make a baked good and you want a 50% profit, your markup might be 2x. So, the baked good should be $10.
5. Legal things to think about
There are some legal things that you will want to think about, such as:
Check if you need a business license in your area.
Keep records of all sales and expenses throughout the year. This will make it easier when tax time comes.
Taxes can be tricky, so hiring an accountant or using tax software can help you stay on track.
If you feel that this is over your head, I highly recommend finding a professional/expert in your local area to help you further.
Frequently Asked Questions
Below are answers to common questions about how to make money baking.
What can I bake to make money?
To make money, you can bake custom cakes, cookies, cupcakes, and bread. Many people also have success with unique items like decorated sugar cookies or themed cupcakes. Dog treats are popular too!
Can baking be profitable?
Yes, baking can be profitable. By marking up your prices for profit and finding your niche, you can make a good income from your baked goods.
How to make passive income as a baker?
You can create a YouTube channel, start a baking blog, or sell baking ebooks. These options allow you to earn money even when you’re not actively baking.
Can you make a living from baking?
Yes, it’s possible to make a living from baking. Many home bakers turn their passion into a full-time business by consistently selling high-quality products and building a loyal customer base.
How much does a bakery make per month?
The amount of money that a bakery makes per month varies widely, just like with any business. Factors like location, pricing, and customer base influence earnings. Some small bakeries might make a few hundred dollars a month, while others can make thousands.
Do I need special permission or a license to sell my homemade baked goods?
Yes, you usually need a license or permit to sell homemade goods. Check your local government regulations for specific requirements. Food safety certifications might also be necessary.
How can I turn my cake decorating skills into a profitable business?
You can sell custom cake services for special occasions like birthdays and weddings.
Is it possible for kids to make money by baking and selling treats?
Yes, kids can make money by baking and selling treats. They can start small by selling to friends, family, and neighbors.
How To Make Money Baking – Summary
I hope you enjoyed this article on how to make money baking.
Baking can be a rewarding way to make extra income while doing something you love. Whether you’re selling dog treats, custom cakes, or starting a baking blog, there are many opportunities to turn your passion into a profitable side hustle or business.
I have many friends who have baking businesses, and it looks like so much fun. I have a friend who makes dog treats, a friend who sells baked goods online and in local cafes, a friend who decorates the most amazing cookies, and a friend who makes custom birthday cakes. They all seem to really love what they do, and it’s a skill that they learned over the years.
Are you interested in making money baking? Which baking business idea above do you think you’ll try?
Wyndham loyalists, take note: The hotel chain’s various “Earner” credit cards are all significantly boosting their sign-up bonuses for a limited time.
If you apply by Jan. 8, 2025, you could earn a pile of points worth up to 10 free nights — and possibly more if you qualify for the company’s business credit card.
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The sign-up offers
Depending on which card you get, the sign-up bonus will vary:
The $0-annual-fee Wyndham Rewards Earner® Card bonus:
Earn 45,000 points (up to 6 nights) after spending $2,000 in six months. That’s a 15,000-point boost from the card’s previous offer. And while the spending requirement for the offer doubled, so did the amount of time you’ll have to reach it.
The card will continue to earn the following ongoing rewards:
5 points per dollar spent on Wyndham hotel stays and gas.
2 points per dollar spent on dining and at grocery stores.
1 point per dollar spent on all other purchases.
The $75-annual-fee Wyndham Rewards Earner® Plus Card bonus:
Earn 75,000 points (10 nights) after spending $2,000 in six months. That’s a 30,000-point hike from the card’s previous offer, again with a doubling of both the spending requirement and the timeframe to hit it.
The card will continue to earn the following ongoing rewards:
6 points per dollar spent on Wyndham hotel stays and gas.
4 points per dollar spent on dining and at grocery stores.
1 point per dollar spent on all other purchases.
The $95-annual-fee Wyndham Rewards® Earner℠ Business Credit Card bonus:
Earn 40,000 points after spending $4,000 in 90 days and 40,000 points after spending $15,000 total in 12 months. If you can hit both tiers of that spending requirement, it’s a 35,000-point increase from the card’s previous offer.
The card will continue to earn the following ongoing rewards:
8 points per dollar spent on Wyndham hotel stays and gas.
5 points per dollar spent on marketing, advertising and utilities.
1 point per dollar spent on all other purchases.
Is it a good deal?
If you frequently stay at Wyndham properties, the sign-up offers are excellent deals that can turn into savings on future stays. The spending requirement for the two consumer cards is also on the lower end compared with other travel credit cards, potentially making it easier to reach if it aligns with your budget.
In a press release, the agency said it recognizes “the significant need to increase the supply of safe and quality affordable housing and is committed to fostering increased production and broader consumer acceptance of manufactured housing as a viable, affordable, and comparable alternative to a site-built home.” HUD’s new standards include a total of 90 … [Read more…]
Check your email for the following offer on the Citi Sears card with Shop Your Way Rewards:
250,000 points for $1000 in online shopping between 9/15 and 10/14
Our Verdict
The above offer is for SYWR points but still a great offer, let us know what offer you received in the comments below. This can potentially stack with other spend offers you have on the SYW card.
Working with a professional real estate agent can make buying or selling a home easier. After all, they are likely to be well versed in the ins and outs of your area, how to best negotiate in the current market, and how to access any other resources (say, a home inspector) that you may need.
Working with a professional real estate agent can make buying or selling a home easier. After all, they are likely to be well versed in the ins and outs of your area, how to best negotiate in the current market, and how to access any other resources (say, a home inspector) that you may need.
While there may be some agents you hit it off with personally, this isn’t a friendship you’re pursuing but an important business relationship. It’s a collaboration that could impact both your finances and your stress level.
No matter which side of a real estate transaction you’re on (buying or selling), it can be wise to have the right professional in your corner. Eighty-nine percent of homes sold in the U.S. involve an agent or a Realtor®, according to a 2023 report. (Realtors are agents who belong to the National Association of Realtors, or NAR.)
If you’re on the hunt for an agent, it’s important to know what to ask to identify the right match. Read on to learn questions to ask, whether you’re buying or selling a property — or doing both at once. (This is a lengthy list of interview questions for real estate, so pick and choose the questions that resonate the most.)
Table of Contents
Key Points
• Interviewing realtors requires asking targeted questions to assess their suitability for your real estate needs.
• Experience, local market knowledge, and client load are critical factors to inquire about.
• Understanding a realtor’s team structure and communication methods is essential for collaboration.
• Specific questions about buying or selling processes help gauge a realtor’s expertise and alignment with your goals.
• Discussing contract terms and fees upfront avoids future misunderstandings and ensures financial clarity.
How to Interview a Realtor
First, a bit about terminology: Not all real estate agents are Realtors, but for the purposes of this article, we’ll sometimes use the two terms interchangeably.
There are different options for interviewing Realtors. You could schedule an interview:
• Over the phone
• In person
• Virtually via Zoom or Skype.
You might aim to interview at least three agents for comparison’s sake, though you may choose to interview more or fewer.
Create a list of interview questions beforehand to help you stay on track, and begin researching a home loan so you will have a sense of your budget. By the time the interview process is over, you should understand:
• What the agent’s personality and character are like: Is this person supportive and positive? Do they sound rushed and distracted?
• What kind of services they offer and what experience they bring to the table.
• How much you’ll pay for their help.
You’ll learn about how to do this in more depth as you read on.
Recommended: Tips When Shopping for a Mortgage
What to Ask About a Realtor’s Background
Any real estate agent you choose to work with should have the professional qualifications you’re looking for. But it’s also important to get a sense of who they are as an individual to avoid personality clashes. Here are some questions to ask as you evaluate an agent who might help you buy or sell a home.
1. How Long Have You Been a Realtor?
It helps to understand how long an agent you’re considering working with has been buying or selling homes. The median real estate experience of all Realtors is eight years, according to NAR.
Working with an agent who’s newer to the profession isn’t necessarily a bad thing. But one who’s more experienced may be more adept at handling any challenges that arise when buying or selling a home.
2. How Well Do You Know the Local Market?
A Realtor who knows a particular area and its local housing market trends can offer an advantage when buying or selling. Ideally, you should work with an agent who understands the local market and what trends drive it.
The more informed they are, the better equipped they are to do things like comparative market analysis, which can give you a sense of how home prices in the area are trending. They will also likely know details like, say, which parts of town are more prone to flooding than others.
Recommended: Local Housing Market Trends: Popular neighborhoods, home prices, and demographics
3. How Many Clients Do You Work With at One Time?
The answer can give you an idea of how much time an agent will be able to dedicate to working with you. Especially if you ask the follow-up question, “And how many clients do you currently have?”
4. Do You Work Alone or as Part of a Team?
Keep in mind that you may not be working with your Realtor alone to finalize the purchase or sale of a home. Agents may have a team of individuals they work with, including office managers, personal assistants, or marketing directors, who may reach out to you during the process.
Asking who else you may be connected with can help you avoid surprises if you decide to enter into a working relationship with a particular agent.
5. How Will We Communicate and How Often?
Being able to communicate with an agent is important to keep the process moving. Plenty of Realtors email and text to keep in touch with clients. If you’re the kind of person who prefers phone calls or in-person meetings, it’s good to identify communication styles up front and make sure they are in sync.
6. Do You Specialize in Buying or Selling?
Some real estate agents may choose to work exclusively with buyers, while others work only with sellers. And some can act as dual agents, representing both the buyer and seller in the same transaction. Dual agency is rare, and it’s illegal in several states. A dual agent can’t take sides or give advice.
The answer to this question will help you get a better idea of whether the agent is attuned to your side of a real estate transaction. Ideally, you want someone who is passionate about your deal, whether that’s finding the perfect house with a picket fence or selling the condo you’ve outgrown.
7. How Many Transactions Did You Close Last Year?
Asking this question can give you an idea of an agent’s overall success rate and the volume of transactions they handle.
The median number of residential transactions Realtors took part in per year in 2023 is 10. If you’re interviewing agents with closings well below that number, it could be a sign that they aren’t always successful in closing deals. If their number is much higher, it could mean they are super busy and you might not get as much attention as with another agent.
8. How Long Does It Normally Take You to Close a Deal?
Once the seller and the buyer of a property have signed their purchase agreement, closing on a home can take anywhere from a week (for an all-cash offer) to a couple of months (for those involving a mortgage) to close. As of mid-2024, the average closing time on a house was 43 days after an offer was accepted, reports ICE Mortgage Technology, Inc.
Asking a Realtor what their average closing time is can give you an idea of how efficiently and diligently they work to satisfy their clients.
If their average closing time is closer to four or six months, for example, that could be a red flag, though some deals do wind up being more complicated than others.
First-time homebuyers can prequalify for a SoFi mortgage loan, with as little as 3% down.
9. What Are the Terms of Your Contract?
Working with a Realtor means entering into a contract, and it’s important to know what that contract says. These documents may be more common when you work with a broker to sell a home, but there are also buyer’s agreements.
These ensure that if they invest the time scanning the market for you, scheduling walk-throughs, and negotiating on your behalf, you won’t then complete the deal with, say, a relative of yours who just got their real-estate license.
When you are selling a house, you’ll sign a document agreeing that the agent will handle the sale. Once you sign a contract you’re typically locked in to working with them unless they agree to release you.
The listing agreement will last for a set period, such as three or six months. From your perspective, shorter may be better so that you’re not trapped if you don’t like the agent’s services.
10. What Fees Do You Charge?
Closely connected to contracts is the topic of money. How does it change hands? What are you liable for? Historically, real estate agents worked on commission, and the fee was paid by the seller. Now, real estate commission fees are changing, and while sellers will still likely pay agents a commission, there is no guarantee that the seller will pay the buyer’s agent. If you’re buying, you’ll need to discuss a fee structure with an agent before you begin working together. It might be an hourly fee, or perhaps a flat rate. Some agents may request a percentage of the home price.
Recommended: Do You Still Need to Put a 20% Down Payment on a House?
Questions to Ask a Realtor When You Are Selling
If you’re selling your home, here are some questions to ask to help ensure that you partner with the right agent.
11. What’s Your Typical Marketing Strategy?
A real estate agent should have a clear plan for listing and marketing your home in a way that produces the greatest odds of success in selling it quickly and at your desired price point. Let the agent you are interviewing tell you about their strategy and the results it yields.
For instance, does the Realtor believe in listing at a low price in the hopes of starting a bidding war? If so, what kinds of prices has this achieved? Where will your listing be posted? Will videos be created? Will there be an open house?
These kinds of questions can help you see if you are impressed by and aligned with how a Realtor likes to market homes.
12. Will You Handle Staging and Prep Work?
If you’re selling a home, staging it could help influence buyers’ perceptions of the property and potentially net you a higher sale price.
Staging is something you can do yourself, but your Realtor may have a staging company they work with to get the job done.
Asking about staging or small cosmetic updates, such as painting, can help you figure out what you’ll be responsible for to get your home ready for the market. There’s a price tag attached to all improvements, so you’ll want to know the numbers to be better prepared.
13. How Do You Handle Viewings?
The use of digital tools such as virtual tours have made properties more accessible to more buyers. One survey by Zillow found that almost 40% of Millenials would be comfortable buying a home online vs. in person.
See if your agent plans to create a virtual tour, but you also want to be prepared for the majority of buyers who want to visit in person. Ask Realtors how many viewings they typically schedule in a day or a week, how often open houses will be scheduled, and how they’ll be marketed.
Questions to Ask a Realtor When You Are Buying
Now you’ve learned the questions to ask a Realtor when selling. How about the other side of the deal? Whether you’re shopping for a starter home or trading up, here are a couple of important questions to ask a potential real estate agent when preparing to buy a house.
14. What Happens When I’m Ready to Make an Offer?
If you’re a buyer, agents should be able to walk you through how this process works, what to do if the seller makes a counteroffer, and what you’ll need to do next if your offer is accepted. You also want to check if they have experience with successfully navigating bidding wars, which can happen in hot markets and with well-priced properties.
Also check that they can advise you on how much earnest money you might need to pay and how to find a good, affordable home inspector, as these are important aspects of the homebuying process.
15. Will You Help Me With Getting a Mortgage?
This question will shed more light on a prospective agent’s network and experience. Agents may be able to offer recommendations for mortgage lenders. They may also be willing to communicate with your lender if there are questions about the property or the offer during underwriting.
You’re not obligated to use your Realtor’s recommended lender. In fact, it’s helpful to compare mortgage loan terms and interest rates from multiple lenders to find the option that best fits your needs.
The Takeaway
Due diligence in the search for the right real estate agent may mean interviewing a few of them and not automatically going with a friend of a friend. It’s important to know how to interview a Realtor and which questions to ask, so you can pair up with the best possible professional as you navigate this major transaction.
If you’re a buyer, once you’ve found an agent, you can turn your attention to next steps: finding a home (and a home loan) that suits your needs.
Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% – 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It’s online, with access to one-on-one help.
SoFi Mortgages: simple, smart, and so affordable.
FAQ
What are the benefits of using a real estate agent to buy a house?
Having an agent to survey the available properties and recommend the ones that suit your needs could certainly save you time, and agents often have local market expertise and the inside scoop on properties that might be headed to market. An agent should also be well versed in the negotiation process (especially useful in a seller’s market) and able to help coordinate the many moving parts that lead to a closing.
What should a homebuyer do before talking to a real estate agent?
It’s wise to have an idea of your budget before consulting a real estate agent. You can prequalify for a mortgage with a few lenders to get a sense of what you might be able to borrow. Also do research online about your desired town or neighborhood to get a sense of where you would like to live. And know your non-negotiables — minimum number of bedrooms, whether you prefer an old home or new construction, for example.
SoFi Loan Products SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.
SoFi Mortgages Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility for more information.
*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.
Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.
Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.
Ina Garten, the beloved “Barefoot Contessa,” is known for her approachable yet sophisticated recipes, her love of comfort food, and her effortlessly chic kitchen style. With her Hamptons charm and signature style, Ina’s kitchen is both elegant and inviting — a place where both the apprentice cook and seasoned chef feel at home. If you’re looking to bring a bit of Ina Garten’s magic into your kitchen, this Rent. guide shares decor ideas that capture her timeless aesthetic, whether you’re buying a home in New York, renting a home in Mount Pleasant, SC, or a paradisal Miami apartment.
From Washington D.C. to the Barefoot Contessa
Ina Garten’s journey to culinary stardom began in an unexpected place: Washington D.C., where she worked in the White House Office of Management and Budget. In 1978, driven by her passion for cooking and entertaining, she took a bold step and purchased a small specialty food store, the Barefoot Contessa, in Westhampton Beach, New York. Over the next 20 years, Ina transformed it into a beloved destination known for its delicious foods, warm atmosphere, and friendly service.
After selling the store in 1996, Ina followed her heart into writing, and her first book, The Barefoot Contessa Cookbook (1999), became an instant bestseller. Her natural charm and inviting style caught the eye of the Food Network, leading to the launch of her show, “Barefoot Contessa,” in 2002. Filmed in her cozy East Hampton home, the show quickly became a favorite, celebrated for its warmth, simplicity, and Ina’s talent for making everyone feel at ease in the kitchen.
“In 2023, TV chef Ina Garten unveiled her newly renovated home kitchen to her Instagram followers, sharing the enviable open shelving, marble countertops, and display items that provide a purpose, such as showing off her cookbook collection and large glass canisters,” shares Amanda Bretz. “Although modern apartment kitchens have come a long way since the tiny galley style that was once the norm, rental kitchens may still lack the open “dream kitchen” vibe of the Garten residence.”
Ina-inspired kitchen ideas
“Luckily you can add some design elements from Ina Garten’s kitchen to just about any kitchen space by hanging floating wall shelves to hold your cookbooks, adding a marble cutting board or two, and displaying dry pantry goods like coffee, sugar, flour, or other grains in glass containers,” Bretz continues. “Replicating a few of these elements can elevate your home’s space for a small investment while giving you that dream kitchen feeling each time you enter it.”
1. Marble accents and backsplash
Marble is a recurring element in Ina’s kitchen, from the countertops to the backsplash. The subtle veining of marble offers a timeless elegance that complements the simplicity of a neutral kitchen base. If marble is out of your budget, consider quartz with a similar pattern or marble-effect tiles for the backsplash. The key is to choose materials that are durable, easy to clean, and add a touch of luxury.
2. Functional and stylish cooking tools
Ina is all about functionality in the kitchen. Her philosophy of using high-quality, everyday items is something anyone can embrace. Invest in stainless steel cookware, classic wooden cutting boards, and durable, professional-grade knives. The idea is to keep the kitchen stocked with essentials that are both beautiful and useful.
Part of functionality is organization. “When putting away my dishes and cooking utensils in a new kitchen, I think about how I will use them. Obviously, hot pads go near the stove, but I also try to put the spices nearby,” shares Dr. Cinythia Croy with Dr. Cindy’s Recipes. “Storing baking supplies (flour, sugar, etc) near my mixer and measuring cups is helpful. I put flatware and dishes as close as possible to the eating area. Glasses near the fridge water dispenser, skillets, and pots near the stove, etc. Pie plates and baking dishes can go farther away, since I don’t use them as often, and will have prep time to be able to get them. The goal is to minimize steps and have my tools and supplies easily accessible.”
3. Neutral color palette with pops of blue
Ina’s kitchen decor often features a neutral palette with soft grays, whites, and creams, providing a calming and coastal backdrop. She adds pops of color with blue, which can be seen in her iconic striped dish towels, pottery, and kitchen accessories. Navy or cobalt blue elements are also welcomed through textiles like dish towels, rugs, or window treatments.
4. Natural elements and fresh flowers
Ina Garten’s kitchen is always adorned with natural elements, whether it’s a bowl of fresh produce, a vase of flowers, or rustic wooden accents. “One thing Ina has taught us over the years is to surround yourself with gorgeous, functional items in your kitchen,” shares Jathan and Heather Fink with Jadeworks Entertainment. “Grow fresh herbs like basil, rosemary, and thyme right on your countertop in glossy planters that compliment your decor and allow you to fill your meals with delightful flavors and aromas. Transfer oils, vinegars, salts, and other sundries to beautiful decanters.”
5. Dedicated stations
“Keep your wines and spirits nearby in custom-built racks that are tucked in with your cabinetry,” Jathan and Heather Fink continue. “This thoughtful storage and easy access to wonderful ingredients will inspire you to be more adventurous in your cooking, just like the Barefoot Contessa.”
Another station that’s Barefoot Contessa-approved is a baking area. Ina is known for her love of baking, and a dedicated station for all things baking is a hallmark of her kitchen. If you have the space, set aside a portion of your countertop for baking essentials like flour, sugar, mixing bowls, and measuring cups. You can easily keep it organized with glass jars, a marble slab for rolling dough, and a stand mixer in a classic shade. This functional area will inspire you to whip up your own batch of cookies or scones, just like Ina.
6. Comfortable seating for entertaining
Ina loves entertaining and dinner parties, and her kitchen accommodates friends and family comfortably. “Focus on creating a warm, welcoming space by incorporating cozy seating in your kitchen, even if it’s just a few bar stools at the counter,” recommends Lauren Slattery with Fancy Casual. “Who wants to cook alone in the kitchen when friends are over?”
7. Personal touches and timeless accessories for your Ina Garten kitchen
Ina Garten’s style is all about personal touches and timeless elegance. “Ina Garten’s kitchen interior design embodies her approach to creating a space that is both practical and welcoming,” Dinner Party and Cookery By the Book podcast host Suzy explains.
“To bring some of the charm of her 2,000-square-foot “barn kitchen” into your own kitchen, consider incorporating features like open shelving, a creamy color palette, and accent lamps. Ina enjoys blending vintage elements with modern touches. Incorporate pieces that tell a story, whether it’s a cherished cookbook, a family heirloom, or a piece of art. These elements add character and make your kitchen feel truly special.”
“How easy is that?”
Creating an Ina Garten-inspired kitchen is about balancing elegance and comfort, functionality and beauty. By incorporating classic design elements, quality materials, and personal touches, you can create a space that reflects her warm, inviting style. Whether you’re whipping up a weeknight dinner or hosting, your kitchen will be a place where everyone feels at home — just like Ina’s.
From Sept. 12 to Nov. 7, 2024, new cardholders can get the following: Earn 125,000 bonus points toward free stays at hotels participating in Marriott Bonvoy after spending $5,000 on purchases in the first 3 months from account opening. NerdWallet values Marriott points at 0.8 cent each, making this new offer worth around $1,000.
Previously, the card offered new applicants three free-night awards (each night valued up to 50,000 points) after spending $3,000 on purchases in their first three months from account opening.
At face value, the new sign-up bonus offers fewer points than the previous one and has a higher spending requirement in the same amount of time. However, the new offer is for points, not free-night certificates, which offers a little more flexibility in cases where a one-night Marriott stay would cost considerably more than 50,000 points.
Besides the change to the card’s welcome offer, the terms and benefits of the Marriott Bonvoy Boundless® Credit Card remain the same.
The $95-annual-fee card offers the following ongoing rewards:
Up to 17 Marriott Bonvoy® points per $1 spent at over 7,000 participating Marriott Bonvoy hotels.
3 Marriott Bonvoy® points per $1 on the first $6,000 spent in combined purchases each year on grocery stores, gas stations and dining.
2 Marriott Bonvoy® points for every $1 spent on all other eligible purchases.