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Category: Refinance and Mortgages

    What’s Really Happening with Mortgage Rates?

    By CGR Marketing | February 12, 2024

    Are you feeling a bit unsure about what’s really happening with mortgage rates? That might be because you’ve heard someone say they’re coming down. But then you read somewhere else that they’re up again. And that may leave you scratching your head and wondering what’s true. The simplest answer is: that what you read or hear... Read More

    What Lower Mortgage Rates Mean for Your Purchasing Power

    By CGR Marketing | January 11, 2024

    If you want to buy a home, it’s important to know how mortgage rates impact what you can afford and how much you’ll pay each month. Fortunately, rates for 30-year fixed mortgages have come down significantly since the end of October and are currently under 7%, according to Freddie Mac (see graph below): This recent trend is great news for buyers. As... Read More

    Why Mortgage Rates Could Continue To Decline

    By CGR Marketing | December 20, 2023

    When you read about the housing market, you’ll probably come across some information about inflation or recent decisions made by the Federal Reserve (the Fed). But how do those two things impact you and your homebuying plans? Here’s what you need to know. The Federal Funds Rate Hikes Have Stalled One of the Fed’s primary goals is to lower inflation.... Read More

    Are Higher Mortgage Rates Here To Stay?

    By CGR Marketing | October 16, 2023

    Mortgage rates have been back on the rise recently and that’s getting a lot of attention from the press. If you’ve been following the headlines, you may have even seen rates recently reached their highest level in over two decades (see graph below):   That can feel like a little bit of a gut punch if you’re thinking about making... Read More

    Beginning with Pre-Approval

    By CGR Marketing | September 25, 2023

    If you’re looking to buy a home this fall, there are a few things you need to know. Affordability is tight with today’s mortgage rates and rising home prices. At the same time, there’s a limited number of homes on the market right now and that’s creating some competition among buyers. But, if you’re strategic, there are ways to navigate... Read More

    How Inflation Affects Mortgage Rates

    By CGR Marketing | August 3, 2023

    When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect you and your plans to buy a home? Here’s what you need to know. The Fed is trying hard to reduce inflation. And even though there’s been 12... Read More

    The Main Reason Mortgage Rates Are So High

    By CGR Marketing | June 8, 2023

    Today’s mortgage rates are top-of-mind for many homebuyers right now. As a result, if you’re thinking about buying for the first time or selling your current house to move into a home that better fits your needs, you may be asking yourself these two questions:  Why Are Mortgage Rates So High? When Will Rates Go Back Down?... Read More

    Money Saving Tips for House Buying and House Keeping in 2023

    By Chip Collins | January 9, 2023

    As we start the new year and are ready for a fresh start, here are five things to think about that are healthy for both you and your home! 1). GOODBYE PMI With a rise in market values, equity in your home may have climbed to the point where you no longer need to pay... Read More

    Mortgage Rates Are Dropping. What Does That Mean for You?

    By CGR Marketing | December 20, 2022

    Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy. Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains it well... Read More

    What Happens to Housing When There’s a Recession?

    By CGR Marketing | October 28, 2022

    Since the 2008 housing bubble burst, the word recession strikes a stronger emotional chord than it ever did before. And while there’s some debate around whether we’re officially in a recession right now, the good news is experts say a recession today would likely be mild and the economy would rebound quickly. As the 2022... Read More