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Understanding the Role of the Federal Reserve in Mortgage Rates

April 4, 2025 by Robby Oakes

When you’re thinking about buying a home, you may hear a lot about mortgage rates going up or down. But have you ever wondered what causes these changes? One of the biggest influences on mortgage rates is the Federal Reserve, often called “the Fed.” While the Fed doesn’t set mortgage rates directly, its policies play a major role in how much you’ll pay for your home loan. Let’s break it down in simple terms:

Filed Under: Mortgage Rates Tagged With: Federal Reserve, Mortgage Advice, Mortgage Rates

How Mortgage Rates Are Determined

January 2, 2025 by Robby Oakes

When you’re looking to purchase a home or refinance an existing mortgage, understanding how mortgage rates are determined is key to navigating your financial journey. These rates are influenced by a combination of personal financial factors and broader economic conditions, which work together to impact how much you’ll pay over the life of your loan.

Filed Under: Mortgage Rates Tagged With: Financial Tips, Home Buying Journey, Mortgage Rates

Why Refinancing Your Mortgage Before the Year Ends Is a Great Option

December 6, 2024 by Robby Oakes

As the year comes to a close, it’s the perfect time to consider refinancing your mortgage. Whether you’ve been thinking about lowering your monthly payment, securing a better interest rate, or tapping into your home’s equity, refinancing can offer many benefits.

Filed Under: Mortgage Rates Tagged With: Mortgage Rates, Refinance, Tax Benefits

What You Can Do Now to Prepare for Mortgage Rate Drops

November 29, 2024 by Robby Oakes

As we move into the last month of 2024, many potential homebuyers are eagerly awaiting a drop in mortgage rates. With inflation numbers looking promising, there’s hope that the Federal Reserve will lower the federal funds rate, which typically drives mortgage rates down as well. If you’re planning to buy a home or refinance when rates drop, now is the perfect time to start preparing.

Filed Under: Mortgage Rates Tagged With: Credit Score, Home Buying Tips, Mortgage Preparation

What Is A Mortgage Par Rate And How Does It Work

October 25, 2024 by Robby Oakes

Think of the par rate as the raw, default rate offered by a lender. It’s not the lowest rate you can get, nor is it inflated by any adjustments. Lenders determine the par rate based on a variety of factors, such as current market conditions, your credit score, the loan type, and the loan amount.

Filed Under: Mortgage Rates Tagged With: Mortgage Education, Mortgage Tips, Par Rate Explained

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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