Month: January 2021

Mortgage rates are the heartbeat of our business, offering the greatest insight into whether homeownership is affordable.
So it’s no surprise that when headlines scream that rates are on the rise while others declare that rates are historically low, borrowers have questions and concerns.
Historic context is key to understanding how rates behave. The downward trend of rates the last 20 years proves that buying a home truly is a better option than renting. Here’s how.
First, what are mortgage rates?
Just like any loan or line of credit, mortgages come with interest, which, of course, is the cost of borrowing money. A host of market factors beyond the lender’s control determine what those rates are, including activity on the bond market and how apt investors are to buy mortgages bundled as securities.
This process and how it plays out on the secondary mortgage market is intricate. Check out this blog to learn more.
Now, the history lesson. Here are three things you should know about the nature of mortgage rates over the last two decades.
1) Rates have been falling for years
We’ll use the 30-year fixed-rate mortgage as a benchmark since they’re the most popular home loan option in the U.S. and often used as a basis for news and research findings. Take a look at this chart from one our traders here at Movement.
This chart shows the ebb and flow of mortgage rates over the last 20 years.
It shows that rates on 30-year mortgages peaked at just over 8 percent in 2000; they were as high as 18 percent in the early 1980s. Rates have been on a steady decline over the last 20 years. Sure, there have been ups and downs — the most dramatic of which was the credit crisis that drove rates to historical lows. But rates, overall, are influenced by economic activity, inflation and monetary policy.
2) Buying a home was a bargain back then. It still is today.
Need proof? Let’s crunch some hypothetical numbers.
In June 2000, the median price of a home was $140,000 and the rate on a 30-year mortgage was 8 percent. If a borrower financed this at a 90 percent , the principal and interest payment was approximately $925 a month. Compare that to 2017 when the median  price of a home is $245,000 and the 30-year mortgage rate is 3.8 percent. If a borrower finances this at a 90 percent loan-to-value, the principal and interest payment would be approximately $1,025 a month. This shows that in the span of 17 years, the average mortgage payment has increased by just $100 on principal and interest only. This does not take into consideration property taxes and insurance, which vary across different states.
Rental rates, meanwhile, continue to rise with no sign of slowing down. Last year, the Wall Street Journal reported that rent in 2015 increased 4.6 percent to approximately $1,180, up from $1,125 a year earlier. Put that in perspective: Rent went up about $60 in the span of a year, exceeding the average cost of a mortgage, while the cost of owning a home went up $100 over a much longer timeframe.
The bottom line: Homeownership over time is a better investment and more affordable than renting.
Median sales price for existing-home sales since 1999. Courtesy of Bloomberg.
3) Rates will rise again
It’s inevitable. As the economy strengthens, mortgage rates are going to rise, potentially reaching 5 percent by 2019, according to the Mortgage Bankers Association.
The Fed’s changing of the guard will influence rates. In February, Jerome “Jay” Powell will succeed Janet Yellen as the Fed chair. Powell shares a similar cautious outlook on rates as Yellen. But he also favors deregulation, which should help the economy grow faster. That will cause rates to go up. And as the economy expands, which it seems poised to do, the Fed will hike rates to balance growth and inflation.
Rising rates will impact total mortgage originations next year. What does this mean for Movement? The MBA currently forecasts that total originations for 2018 will decrease by approximately $90 billion to $1.597 trillion. However, purchase money mortgages will increase by approximately $80 billion to $1.167 trillion. This makes for a great opportunity for Movement Mortgage as more than 90% of the loans we close are mortgages to purchase a home.
Inflation slowly rising
 This week saw the release of monthly data that gave us insight into inflation. Let’s take a look.
CPI: The Consumer Price Index rose 0.1 percent in October as the bump in gasoline prices a month earlier began to subside. The CPI measures changes in the price of consumer goods. Gas prices fell 2.4 percent after rocketing 13.1 percent in September, its largest increase since June 2009.
PPI: S. producer prices rose 0.4 percent last month, beating economists’ expectations of 0.1 percent. The PPI, or Producer Price Index, details the average change in selling prices from the perspective of domestic producers. A rise in food prices propped the PPI in October, creating the biggest yearly increase in wholesale inflation in nearly six years, according to CNBC.
Retail sales:S. retail sales rose 0.2 percent, exceeding the expectations of analysts who didn’t expect a change from September to October. Why the bump? Economists believe a boost in the purchase of motor vehicles elevated retail sales as consumer spending remained fairly strong throughout the third quarter.
 Happy Thanksgiving
Let’s take a break. I hope you all have a wonderful Thanksgiving surrounded by friends and family, good food, football and, if it’s your thing, a bountiful Black Friday (check out this fun quiz that’ll tell you what kind of Black Friday shopper you are). Enjoy the holiday. Market Update will return Dec. 1. […]

By now you’ve likely heard Congress recently passed a tax reform bill. What you may not know is how homeowners will be impacted in the New Year. If you’re in the market to buy or already own your home, here’s how the new tax plan will impact you in 2018 and beyond:
Deductions to your deductions
Arguably the most significant change to the tax plan is in how many interest deductions are now available to homeowners. The new plan impacts the following deductions:
Mortgage interest. Previously, qualified homeowners could reduce their taxable income by the amount of mortgage interest they paid each year – up to one million dollars for married couples filing jointly ($500k for married couples filing separately)
Mortgage interest is still tax deductible with the new plan, but only up to $750k for married couples filing jointly ($375k for married filing separately). This change impacts all homes purchased after December 15, 2017 and is also applicable to mortgages on second homes.
While this change may not be a big deal for US cities where the average price of a home is approximately $250k, for more expensive cities (think: New York and Los Angeles), it’s a significant decrease.
Notably, there are a few exceptions to this law, so be sure to speak with your accountant and/or mortgage lender to understand how you will personally be impacted.

Property tax. The new bill now includes restrictions on the amount of property tax you can deduct from your taxable income. Now, homeowners may deduct up to $10k in property taxes ($5k for couples filing separately), including state and local income taxes or sales taxes.
Home equity. With the former tax plan, homeowners could deduct the interest paid on home equity debt for reasons other than to renovate your home (like for college expenses, for example). The home equity deduction was completely eliminated with the new tax plan.
Moving expenses. The old plan included deductions for qualified homeowners relocating for a new job. Now, moving expenses are only deductible for active duty members of the armed forces.

To itemize, or not to itemize.
Another significant change: an increase in the standard tax deductions (or, the flat amount that the tax system lets homeowners deduct, no questions asked).
Beginning in 2018, the standard deductions per household nearly doubles, increasing from $12,700 to $24k (for married couples who file jointly).
This change means more Americans will likely forego itemizing their taxes this year. In previous years, itemizing typically resulted in more money in your pocket at refund time. Now, you may be able to save time by not itemizing and still benefit financially.
Ultimately, the new tax plan will impact every taxpayer differently. Even with the lower interest deductions, the bill introduces new tax brackets, which could reduce your individual tax rate and increase your paycheck.
How you are personally impacted is contingent upon various factors beyond homeownership. Be sure to talk to your tax professional to know exactly how this new tax plan will affect you and your family.
Sources:
https://www.usatoday.com/story/money/2017/12/28/hot-housing-market-could-cool-2018/971539001/https://www.usatoday.com/story/money/taxes/2017/12/20/6-ways-the-tax-plan-could-change-homeownership/108633978/http://money.cnn.com/2017/12/17/real_estate/tax-bill-mortgage-property-tax-deductions/index.html
https://www.cnbc.com/2017/12/20/here-are-the-finalize.htmlhttps://www.sfgate.com/realestate/article/6-Ways-Tax-Plan-Could-Change-Homeownership-12433929.phphttps://movement.com/blog/2017/12/21/will-gop-tax-plan-put-more-money-in-borrowers-pockets/ […]

The home-buying process is extensive and can be overwhelming – especially for new homeowners, and even more so if you don’t do your homework.
If you’re in the market to buy, now’s the time to start preparing; and we’re here to help.
We interviewed two industry experts to help homebuyers prepare for a purchase. Movement Mortgage Loan Officer Leslie O’neal and Mirambell Realty Real Estate Agent Christopher Cazenave share their expertise:
Get Pre-Approved
The moment you decide to buy a house, work with a lender to get pre-approved for a mortgage loan. Knowing how much you qualify for will narrow down your options and help direct your search.
 A word of caution, though: don’t overextend. Just because you qualify for a $250k loan, doesn’t mean your home should cost $250k. There are other expenses to consider, like interest payments, homeowners insurance and taxes.
Prioritize your Priorities
After you have an idea of how much you’d like to spend, decide on the lifestyle that suits you and your family. Consider factors like proximity to good schools, convenience to shopping and entertainment, how much land you’d like, and so forth. Deciding what’s most important to you will help further focus your search.

Start Saving
Most lenders require a down payment towards your mortgage loan, which could be up to 20%. If you don’t have enough money at your disposal, save for a bit longer or perhaps borrow against your IRA or retirement account (be sure to read the terms first, though!)
Despite how you come up with the deposit, be sure you can prove the source of the funds. Lenders won’t accept cash payments, and if your down payment was a gift from a generous giver, be prepared to provide a gift letter.
Count the Cost
You should also be prepared for other out-of-pocket expenses during the home buying process. You’ll need money for things like closing costs and home inspections before your close, and furniture, appliances and utilities afterwards. Do your homework to understand how much money you’ll be paying upfront and save accordingly.

Credit Matters
Be extra careful with your credit during this process. Review your credit report and make sure there are no inaccuracies. Avoid opening new credit accounts and making major purchases. Several inquiries can negatively impact your credit score, which can impact your loan decision and your interest rate.
Enlist a Pro
When it comes to finding your dream home, don’t go at it alone. A qualified real estate agent is familiar with the ever-changing real estate market, can guide you through the process (including contract negotiations), and help you make a wise choice, considering your budget and lifestyle needs. They also share tips and tricks with you along the way to save you time and money.

Clean House
Once you find the perfect home, you’ll be moving in a matter of weeks. Take time early in the process to get rid of items you don’t want to bring with you. For inspiration, read our list of creative ways to purge. Starting early will make it easier to pack when the time comes.
Take Some Time
The home-buying process doesn’t happen overnight. Carve out time in your schedule for conversations with your lender and realtor, home inspections, closing meetings, and so forth. As you get closer to your move date, consider taking time off work to pack, move, and get settled in your new place.
Get an early start and you’ll soon be enjoying a new home. […]

Movement Mortgage is now accepting orders for a custom-made #heartsforhouston T-shirt that will raise money for Hurricane Harvey relief efforts.
The shirt, emblazoned with an outline of Texas and the words, “Texas-Sized Hearts for Houston,” costs $20, all of which goes to Houston relief efforts.
The sale ends Sept. 8.
The Movement Foundation is underwriting the cost of the shirts so the full $20 goes directly to disaster relief. Movement CEO Casey Crawford says the shirt is Movement’s way of showing solidarity with those affected by the storm.
“In addition to encouraging our employees to contribute to our Love Works program which we are using to serve our Houston family, we have also created the #heartsforhouston T-shirt to raise funds. Our hope is that this shirt campaign not only delivers much needed financial support, but awareness as well,” Crawford says. “Jesus noted the great foundational commandments in Mark 12, with the second being ‘Love your neighbor as yourself.’ This immediately comes to mind when I see corporate America rallying in such an impactful way during these tragic times.”
Movement has 154 employees in Texas and 17 in Houston. All employees have reported that they are safe, however several of them had to be evacuated from their homes and others experienced property damage.
Movement is meeting the needs of its employees through Love Works, an internal employee-driven program that provides assistance to team members dealing with financial hardships.  
After making landfall in Texas last weekend, Harvey, the biggest rainstorm in U.S. history, battered the Lone Star State with torrential rain and historic flooding. The devastation has displaced thousands of residents, and the death toll has climbed to nearly 40.
The slow-moving storm, which began as a Category 4 hurricane before turning into a tropical storm, made landfall again Wednesday. Houston, the fourth-largest city in the U.S., has been among the hardest hit areas.

Mandie Spear, a Movement graphic designer who created the shirt’s design, said she wanted to convey that Movement is actively seeking to help Houston, not just sympathizing from a distance.
“I wanted to do something that wasn’t just ‘Praying for Houston,’” Spear says. “I came up with the idea of doing ‘Big Hearts for Houston’ and switching it out with ‘Texas-Sized Hearts for Houston’ since everything is bigger in Texas. I’m glad that 100 percent of the sales are going directly to those in need.” […]

Movement News January 15, 2021

Movement Mortgage, the nation’s sixth-largest retail mortgage lender, has promoted Chief Performance Officer Mike Brennan to company president, a new role that will lead all operations and sales functions across the organization.
… Continued […]

When you refinance your home, the process is similar to the one you followed when obtaining your original mortgage. Your finances will be verified and calculated, and your home will be appraised to determine its value to your potential lender. However, PennyMac also has many streamline products that don’t require income or asset verification. There are also products that do not require an appraisal. As a result of a refinance, it’s common for your monthly payment and even your total loan amount to change — but will your property taxes go up?
The short answer is, “No.” Your property taxes will not go up if you refinance, but let’s dig a little deeper in order to clear up any confusion or concerns.
Ready to refinance now? Check out our many refinancing options here! You’ll also find the tools and answers to common questions to help determine the best choice for you.
Appraisal, Purchase Price, and Assessment
To understand this topic completely, it’s first important to know that there are three ways that a value can get assigned to your home: your appraisal, your purchase price, and your assessment. The following demonstrates how each is defined.
Appraisal — Your lender won’t fund a loan for more than your house is worth. This is how they protect their investment in you: they want to make sure that your home is sufficient collateral. In other words, they need to know your home is worth an amount equal to (or more than) the amount of money they are lending you. In some cases the lender will determine the value of your house by ordering an appraisal as part of the homebuying process — and again when you look to refinance into a new loan. Some products do not require an appraisal to refinance.
Purchase Price — Most homebuyers are able to buy their homes for an amount equal to or less than the appraisal price. In very competitive markets, buyers may pay more than the appraised value of a home in order to “beat” other interested buyers. As borrowers typically can’t secure a loan for an amount higher than the appraised value, this is usually done via a larger down payment or by buying a home without a loan.
Assessment — Your assessment is the value that your city, county, or other municipality has determined that your home (and the land it occupies) is worth. Typically updated on an annual basis, your assessment is the only one of these three numbers that is used to determine your property tax amount.
Very few homeowners will have an appraisal, purchase price, and an assessment that all match exactly. However, these three numbers are typically fairly close, unless you are in a competitive or otherwise unique real estate market.
Learn more about home buying in competitive markets in our interview with housing industry experts.
How Your Property Tax is Calculated
There are two numbers used to calculate the total amount that you pay in property taxes each year: your assessment and your tax rate. If your home is assessed at $300,000, and your tax rate is 3 percent, you’ll pay $9,000 a year in property tax. Your property taxes will only go up if your rate or assessment amount increases, and refinancing your home (including the appraisal) does not impact either of these numbers.
The only way that you can connect the refinance process to your property tax amount is as a type of forecast or prediction. If you are in a hot real estate market with rapidly increasing home values, an appraisal amount that is much higher than your assessed value can be seen as a warning that your assessment (and therefore your property tax amount) may increase in the future.
This prediction is not always accurate or instant, however. Assessment value changes occur at a much slower rate than housing market prices, and are typically only adjusted once per year. In addition, many municipalities have laws regarding how much property taxes can be increased within a specific amount of time.
Refinance Fearlessly
If you’ve been hesitant to start the refinance process because you’re worried your property taxes will increase, you can put those fears to rest. Refinancing won’t impact your property taxes, and it offers many other benefits that can help you reach your financial goals. Explore your refinancing options by starting with our online application or contact a PennyMac Loan Officer today! […]

Foreclosure activity in 2020 plummeted 57% from 2019, but that could change dramatically once government moratoria expire, according to Attom Data Solutions.
Foreclosure filings totaled 214,323 properties — or 0.16% all U.S. properties — the lowest sum since Attom started its tracking in 2005. Comparatively, 2019 had 493,066 filings representing a 0.36% share of all properties. These numbers peaked at 2.9 million and 2.23% in 2010.“There is a backlog of foreclosures building up — loans that were in foreclosure prior to the moratoria; loans that would have defaulted under normal circumstances; and loans whose borrowers are in financial distress due to the pandemic,” Rick Sharga, executive vice president of Attom’s consumer-facing business, RealtyTrac, said in the report. “While it’s still highly unlikely that we’ll see another wave of foreclosures like the one we had during the Great Recession, we really won’t know how big that backlog is until after the government programs expire.”
Although they dropped 80% from the year before, December’s foreclosure filings rose 8% month-over-month to 10,876 properties.

Delaware had the highest statewide foreclosure rate in 2020, at 0.33%. It was trailed by New Jersey’s 0.31% and 0.3% in Illinois. This marks the first time New Jersey hasn’t topped the list since 2015. The highest foreclosure rates at the metro level came in Cleveland, Chicago and Baltimore with rates of 0.34%, 0.3% and 0.29%, respectively.
Lenders repossession through foreclosure also hit a low point of 50,238 properties, down 65% from 143,955 in 2019 and 95% from 2010’s high-water mark of 1.05 million. In December, lenders took back 1,972 properties through completed foreclosures, down 2% from November and 86% from December 2019.
Foreclosure starts also sank to a record low, falling 61% to 131,372 units in 2020 from 335,985 in 2019 and down 94% from 2.14 million in 2009. At the state level, Oregon decreased the most annually at 79%, followed by declines of 77% in Arkansas and Kansas, and 71% in Nevada. Only Idaho saw an increase in foreclosure starts, climbing 4% from 2019. Among metropolitan areas with populations over 1 million, Jacksonville, Fla., and Las Vegas both dropped 74%, with Washington, D.C., and Memphis, Tenn., right behind at 72%.
“The impact of the government foreclosure moratoria and mortgage forbearance programs is nowhere more obvious than in the foreclosure start numbers from 2020. We ended the year with a near-record number of seriously delinquent loans, but historically low levels of foreclosure activity,” Sharga said. “The question remains how many homeowners whose finances have been affected by the pandemic will ultimately default on their loans, and whether the strength of the housing market will help cushion the fallout.” […]

Much of the mortgage industry applauds the agreement between the Federal Housing Finance Agency and Treasury, which in addition to allowing the GSEs to hold more capital, codifies the pricing requirements for loans sold to the government-sponsored enterprises, no matter the lender’s size.
The Community Home Lenders Association made guaranty fee parity its top GSE priority, repeatedly calling for the amendment of the Preferred Stock Purchase Agreements to require that as a condition for exiting conservatorship.
Making that permanent “is important to smaller lenders, to borrowers, and to reducing the ruinous volume discounts to lenders like Countrywide that contributed to the GSEs’ conservatorship in 2008,” Scott Olson, CHLA’s executive director, said in a statement.

But the National Association of Federally-Insured Credit Unions asserted that the rulemaking needs to be taken a step further.

While the agreement ends the net worth sweep, Treasury’s liquidation preference for Fannie Mae and Freddie Mac’ senior preferred shares will increase.
Bloomberg News

“We encourage the FHFA to work with Congress to codify certain protections — including those to ensure credit unions have guaranteed and equal access to the secondary market and receive fair pricing based upon loan quality, not volume — before the GSEs are officially released from conservatorship,” NAFCU President and CEO Dan Berger said in a statement.
The Mortgage Bankers Association, while happy the agreement “preserves and extends” price parity, was concerned about parts that limit Fannie Mae and Freddie Mac’s capacity to purchase certain types of loans.
The agreement keeps so-called higher-risk single-family loan purchases at their current levels and it memorializes the multifamily lending caps. Both are potential problems, MBA President and CEO Bob Broeksmit said.
“It is critically important that measures to guide the GSEs’ market footprint carefully balance the need for them to meet their affordable housing mission for both single-family and multifamily homes,” said Broeksmit in a statement. “Some of the provisions may prove inflexible during market stress, and it will be vital for FHFA and the Treasury Department to monitor those impacts and remain open to changes as necessary, especially for untested standards.”
On the other hand, Eric Hagen, an analyst for BTIG, sees keeping those caps at the current limits as an opportunity for the private-label mortgage market.
“We see those cohorts being attractive potential sources of longer-term growth for lenders such as mortgage REITs,” Hagen said in a report, noting that investment firms such as Annaly and Chimera have been aggregating and financing agency-eligible investor loans through securitization in recent years.
“Treasury’s agreements don’t necessarily expand the market share available for REITs, although at the same time, it likely helps stymie any additional GSE support those loans could have received under the incoming administration,” he added.
The deal still leaves a lot of open questions, especially about the PSPAs, said Bose George, an analyst with Keefe, Bruyette & Woods. Permitting Fannie Mae and Freddie Mac to retain capital increases the liquidation preference of those preferred shares held by Treasury. The new agreement does not specify how the PSPA will be resolved, George noted.
“Nevertheless, the buildup of capital is positive and does make it easier for the companies to be privatized later by either forgiving the senior preferred debt or converting it to common shares,” he said.
“However, to the extent the new administration continues along the privatization path, the most likely scenario would be a conversion to common of the senior preferred shares as opposed to forgiving that debt,” George said in a press release. “This would meaningfully dilute the common shares.”
Furthermore, GSE privatization is not expected to be a priority for the incoming Biden administration.
For investors, the next milestone is a decision from the Supreme Court in a case heard in early December, which challenged the legitimacy of the FHFA’s leadership structure, Randy Binner, an analyst with B. Riley Securities, pointed out.
If the court rules that a president’s inability to remove the FHFA director is unconstitutional, some hope it will go to the next step and declare the net worth sweep to be invalid.
“Government actions around the GSEs have always been questionable in our view, but the court historically shows deference to past regulatory actions,” Binner said. “If anything, that deference seemed somewhat less clear, and discussions around FHFA structure and the nature of the conservatorship seemed to marginally favor investor claims, in our opinion.”
In the end, however, it will all fall back to the federal legislative branch to ensure the outcome the mortgage industry desires.
“[The] announcement reminds us that Congress and the administration have unfinished business in housing finance,” Ed DeMarco, the president of the Housing Policy Council and former acting director of the FHFA, said in a statement. “It will now be up to the Biden administration to work with Congress to end the conservatorships and bring certainty to the market regarding the GSEs and the government’s backstop.” […]

You want your furry friends to be comfortable in their own space. While you may be spending more time at home, it may be the perfect time to decorate with pet-friendly items for your puppy or kitten. Naturally, your pets deserve a cozy pet nook to curl up into at the end of the day. In this installment of our DIY pet series, learn more about these DIY cozy pet nook with your best friend in mind.
DIY cozy pet nooks for your new puppy or kitten
Pets love to take naps and if you have a puppy or kitten they may like to curl up on anything they can. Here are some fun DIY projects to consider when crafting your next cozy spot for your pet.
1.Dresser for your pet
Do you have a drawer that’s not currently being occupied? Consider creating a secret getaway in your dresser for your kitten. Try adding blankets, a felt mouse, and a small scratching post to add different types of enrichment for your cat. That way your pet has a cozy pet nook to rest and play in all day long. Always be mindful to let all family members know of the drawer to help avoid any injuries or accidents with your pet.
2.Secret spot for your puppy
Imagine a space where your dog or puppy can call their own. If you’re up for a more permanent DIY project, consider a cut-out under your stairs for the ultimate dog house. Complete with a dog bed, bowl, and pet gate, and your puppy may be ready for naptime. For an additional resource on how to create this pup-proof space, read here.
3.Nightstand bed for your dog
Chances are you may have a nightstand or end table somewhere in your home. What’s great about this type of furniture is it can be used for multiple purposes. For example, it can be used for storage, holding some of your favorite books, or a comfy spot for your pet to curl up and take a nap. Consider adding a pet bed and interactive puzzle feeder for the perfect place to get away, rest, and play.
4.Portable crate for your puppy or kitten
If you have a flair for vintage décor, consider updating a vintage wood milk crate for your furry friend. A simple project could result in a cozy pet nook for your furry friend. Cut insert into the wood at the front of the crate, sand down, and insert dog bed inside the crate. Also, you could add other details like legs, wheels, or a platform for easy accessibility. Further, this crate can easily be moved around your home including storing under your remote work desk.
5.Window perch for your cat
Cats and kittens love to climb and explore in their home. So they may enjoy the chance to rest and relax once they’ve roamed through their space. For example, an extension on your window may give your cat a chance to lounge while they enjoy the view. Also, this can be a great addition to a catio or any pet-friendly room with a window. Check out this guide on how to build a catio for the ultimate cat space.
A pet-friendly home should give your pet the chance to explore, play, and rest in a safe environment. Consider how you can add pet-friendly items and create a space that is functional for the entire family. For more on how to puppy-proof your home, read here.
DIY cozy pet nooks can give your pet the chance to relax when they’re at home
No matter how big your space is, there’s always the chance to add a touch of fun to your pet’s furniture, toys, or pet care items. Also, it may give the opportunity for the entire family a chance to help make something new for your furry family member. However, your pet’s favorite spot at the end of the day may be curled up right next to you!
What are your favorite DIY cozy pet nooks to craft for your best friend? Tell us in the comments below.
For more on DIY pets at home, read How to Build a Dog House for Your Pet Space

About The Author
Kelli.Rascoe
is a digital content writer and editor for Trupanion. She spends her workday writing for the Trupanion blog. She loves writing about pets, being inspired by pets, and luckily gets to hang out with her rescue dogs all day long. In her free time, she enjoys exploring and traveling with her family. Her work has been featured on the DOGTV blog, KitNipBox blog, Get Your Pet blog, Fansided, among many others. […]