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If you’re thinking about buying a home or refinancing, one big question on everyone’s mind is: “Are mortgage rates finally going down?” Where Rates Are Now Right now, mortgage rates have pulled back from their near-7% highs seen in recent years. Many lenders are reporting that the average 30-year fixed mortgage rate is hovering around or just under 6% , a level we haven’t seen consistently since 2023. Why Rates Are Trending Lower There are a few reasons rates have eased: Mark

This is a common question, and the answer can be a little confusing because “late” can mean different things depending on the situation. Most mortgage payments are due on the 1st of the month . However, nearly all lenders offer a grace period , typically lasting until the 15th of the month . During this grace period, your payment is technically past the due date, but it is not considered late  in a way that triggers penalties. Late Fees vs. Credit Reporting Here’s where the d

As we close the door on 2025, it’s a great moment to reflect on a year of change, resilience, and opportunity in the real estate and mortgage markets. This year brought noticeable changes. Interest rate shifts opened the door for homeownership for new buyers, sellers adapted to increased inventory and new construction builders got creative. While the pace of the market evolved, one thing remained constant: motivated buyers and sellers continued to find ways forward, especial

Navigating the world of mortgage loans can be overwhelming, especially for first-time homebuyers. With various options available, understanding what each type entails is crucial for making informed decisions. This guide aims to simplify the mortgage loan landscape in Greater Cleveland, helping you choose the best option for your financial situation. Antique Cars on display at the Elyria Historical Society What is a Mortgage Loan? A mortgage loan is a type of loan specifically

When it comes to securing a loan, whether for a home, a car, or a small business, the choice of lender can significantly impact your financial future. While many people might consider large national banks or online lenders, local lenders in Lorain County offer unique advantages that can make the borrowing process smoother and more beneficial for residents. In this post, we will explore the compelling reasons to choose a local lender, highlighting the personalized service, com

Navigating the world of mortgages can often feel overwhelming. With countless options and varying terms, finding the right mortgage can be a daunting task. However, Conrad Mortgage stands out by offering personalized service tailored to meet your unique needs. This blog post will explore how Conrad Mortgage can help you secure the best mortgage for your situation, ensuring a smooth and stress-free experience. Conrad Mortgage lobby in Strongsville, Ohio Understanding Your Mor