Average long-term U.S. mort gage rates soared this week in a continued volatile market as the key 30-year loan rate jumped back overMortgage5%. buyer Freddie Mac re ports that the 30-year rate rose to 5.22% from 4.99% last week. By contrast, the rate stood at 2.87% a yearTheago.average rate on 15-year, fixed-rate mortgages, popular among those looking to refinance their homes, increased to 4.59% fromLast4.26%.week the 30-year rate fell below 5% for the first time in four months, days after the Federal Re serve raised its benchmark inter est rate by a hefty three-quarters of a point in its most aggressive drive in over three decades to tame record-high inflation. It was the central bank’s second such in crease in less than two months. Experts see some stability re turning to the housing market as the drop in homebuyer demand moderates although supply re mains fairly “Althoughtight.rates continue to fluc tuate, recent data suggest that the housing market is stabilizing as it transitions from the surge of activ ity during the pandemic to a more balanced market,” Freddie Mac chief economist Sam Khater said. “The consequence is that house prices likely will continue to rise, but at a slower pace, for the rest of theConsumersummer.”prices jumped 8.5% in July compared with a year ear lier, down from a 9.1% year-overyear increase in June, the government reported Wednesday.
BRANDPOINT If you love entertaining friends and family outdoors, you’re not alone. Transform ing outdoor areas into ex tended living spaces continues to be a huge trend, as anything and ev erything from smaller balco nies to spacious porches and patios creates an oppor tunity to expand your home environment well into the evening hours with one cru cial design element: lighting. Lighting an outdoor space can make a world of differ ence in creating ambience, lending additional function ality to a space or improving aesthetics within a spacemaking or breaking an eve ning barbecue, party or intimate gathering. Luckily, lighting choices are one of the most affordable ways you can enhance any area of your home, and outdoors is no exception. Even small changes like swapping your light bulbs creates the per fect opportunity to have some fun and express your personality with different colors and design styles. “Most homeowners don’t appreciate the power of styl ish yet functional light bulbs to make a design statement both inside and out,” said Bethany Wood, senior mer chant of light bulbs at The Home Depot. “The Home De pot’s exclusive light bulb brand EcoSmart was de signed to inspire DIYers to create better, brighter room atmospheres.It’simportant to choose light bulb features unique to your lifestyle that’ll also al low you to customize your space, from switching through shades of light to match your mood, saving on energy bills with automatic on/off, helping you complete a task or creating your ideal ambience.”Hereare some easy and affordable ways to trans form your outdoor areas for effortless warm-weather en tertaining. Get the party started To create an upbeat mood, nothing is more fun and festive than bright, vi brant colors, so consider up grading your entertaining space with a Color Changing Party LED Light Bulb from The Home Depot. You’ll bring any indoor occasion to life using red, green, blue and yellow light, with five lighting effect options to choose from. EcoSmart light bulbs are equipped with us er-friendly and innovative features, meaning you can easily switch between colors using a toggle on each bulb or conveniently cycle be tween colors with the simple flip of a standard wall switch. Pump up the jam
Creating ambience with new lighting 5 fun, easy, affordable ways to brighten up your outdoor space
B4 • Friday, August 12, 2022 THE GARDEN ISLAND thegardenisland.com
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A party atmosphere isn’t complete without music. Set the tone for an exciting night with your guests and keep them dancing or singing all night long with a Bluetooth Speaker LED Light Bulb. This EcoSmart bulb combines color selectable lighting with Bluetooth technology. Sim ply connect to your favorite Bluetooth device, without the need for any extra wiring or a hub. Go vintage Everything vintage and retro style is all the rage right now, but it’s not always easy to create the look and be practical at the same time. One fun option is to use strands of Edison bulbs to give your deck or patio a “bistro” atmosphere. Or if you want a more intimate old-fashioned look, illumi nate the night with the warm glow of EcoSmart Flame LED Light Bulbs, which create an alluring ambience by simu lating a warm and realistic flickering flame effect with out emitting any heat. Better yet, you won’t have to worry about the risk that real flames from candles or torches can bring. Enjoy a shindigbug-free Your light bulbs can even help you keep those pesky pests away from your get-to gether in a more natural way. Opt for outdoor yellow Bug LED Light Bulbs, which help to repel insects and can be used as an alternative to bug sprays. Be ready for anythingeven outages Don’t let summer storms rain on your parade! In case your power goes out, Bat tery Backup LED Light Bulbs are energy efficient and equipped with a power fail ure battery that will auto matically turn on in the event of a power failure - and can last up to 3 hours. When in regular use the internal battery will charge, ensuring that you’ll always have an option for light during an outage.Youcan set up your back yard for all kinds of enter taining with these and many other selections by explor ing the wide variety of inno vative features and the latest lighting options from EcoSmart. Whether your plans include hosting back yard barbecues or creating a refreshing outdoor oasis, lighting up your space has never been easier. Check out the curated col lection of eco-friendly, ener gy-efficient EcoSmart options available exclusively in-store at The Home Depot or online at HomeDepot. com.
30-year mortgage rate jumps back over 5%, now 5.22%
Eleele Kapaa Kekaha Kapaa Lihue Poipu Puhi IN HANAMAULUESCROW$665,000 Interior size: 1,806 sq. ft. Lot size: 6,147 sq. ft. CoreenCarolMLS634019CummingsRB-14915808-651-4766S,SarabiaRB-15579808-822-4004 Kapaa - $799,000 3 Bed / 2 Ba Interior Size: 1,056 sq ft. Lot Size: 6,570 sq ft Ashley M. Mark808-639-9307RS-73535CarvalhoK.Tanaka808-639-0367RB-9222MLS663900 LIHUE - $520,000 2Bed / 1Ba Interior size: 704 sq. ft. Ground ShellyCliftonMLS661110Floor/YardKukinoRB-15364KauiCarvalho(RS)-64829808-652-3886 IN ESCROW KAPAA - $750,000 Interior:3Bed/2BA1,296sq. ft. Lot Size: 12,820 Glen Jesse808-651-5850RS-80593KojimaFukushimaRS-71180808-482-4077MLS660495 Lihue - $1,450,000 5Bed / 5.01Ba Interior size: 3027 sq. ft. Land Size: 9,174 sq. ft. 808-639-CharissaMLS663176RioftaRS-826613752 IN POIPU-$1,750,00ESCROW Poipu Interior:3Bed/2BaShores1,041q. ft. ANN ZASLOW (808) 639-3675 MLS 661343 Puhi - $699,500 2Bed / 2Ba Interior size: 924 sq. ft. 808-246-0230MLS664012JuneArakiRS-25303 PLACE YOUR AD t ODAY 246-0325 th E g ARDE nis LA n D CO m/ CLA ssifi ED s realKAUAI’S estate directory 246-0325 245-0433Subscribetodaythegardenisland.com thegardenisland.comtodaySubscribe 245-0433 StayInformedSubscribe today thegardenisland.com245-0433 We specialize in Residential Sales and Investment / Resort Condominium Properties. AND, we love working with Local Buyers looking for their new home!!! www.kauailandmark.com808-822-3100 Larry 808-635-1111RB-18519Fudge Diane A. 808-651-3557RS-58020Pavao www.quentinllc.com (808)855-5280 Certified Inspector Joseph Quentin We make your next home inspection a breezeBBB Rating: A+ As of 9/30/2020 WAILUA AROL C. CUMMINGS RB-14915 (RB) CRB, CRS, GRI, SFR 808-651-4766 kauairealty@gmail.com Land Area: 4,432 sq. ft. Living Area: 720 sq. ft. Bedrooms/Baths: 2/1.50 Price: $690,000 MLS 661507 SOLD! PRATT & LAMBERT PAINTS Custom Color Matching • ProLuxe Wood Finishes • Purdy Brushes • Graco Sprayers Home Owner • Maintenance • Commercial • Industrial (808) 246-8828 Across From Kauai Community College 4490 Puhi Road, Lihue Mon-Fri 7:30am to 4pm Sat 8am to 12 Noon Your locally owned paint store. Serving the people of Kauai for over 29 years! PITTSBURG PAINTS KAUAI REALTY HANAPEPE Price: Living3bed/1.5ba$800,000area:1,200 sq ft Land area: 7,781 sq ft MLS: 664379 A well maintained 3-bedroom home in a cozy neighborhood off Kaumualii Highway in Hanapepe. Property is fully fenced with a long carport, offering many possibilities. Home has a separate living room and family room, which is ideal for entertaining. June K. Araki junearaki@gmail.com 808-482-1855 www.thegardenisland.comTHEGARDENISLANDFriday,August12,2022Page5
