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Case-Shiller: February Home Prices Grow at Fastest Pace in 3 Years

April 27, 2017 by Robby Oakes

According to the Case-Shiller National Home Price Index, February home prices grew at their fastest pace in three years. While home prices have steadily grown in recent months, growth rates slowed in many areas month-to-month; the escalation of home prices from January to February indicates stronger housing markets. National home prices increased by 0.20 percent in February to a seasonally-adjusted annual rate of 5.80 percent appreciation.

Filed Under: Home Values Tagged With: Homes Sales

What Fees or Costs Are Involved With a Reverse Mortgage? Let’s Take a Look

April 26, 2017 by Robby Oakes

As a means of avoiding monthly mortgage payments, a reverse mortgage is a way for homeowners to tap into their equity in order to defer the payments on their home. While this can be a beneficial option for those who are older than 65, it’s important to be aware that – like any mortgage product – there are a number of associated fees. If a reverse mortgage is something you’re considering in the future, here are some of the costs you’ll be looking at.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgage, Reverse Mortgages

How Young Is ‘Too Young’ to Buy Your First Home? Getting Started Early Has Its Ups and Downs

April 25, 2017 by Robby Oakes

Many millennials are expected to enter the housing market in the next year with the interest rates still low. However, while it may be a good time, it does not necessarily mean that it’s the right time for you to make the investment. If you’re currently weighing your options when it comes to home ownership, here are some things to consider before you decide put the money down.

Filed Under: Home Buyer Tips Tagged With: Buying a Home, Home Buyer Tips, Real Estate Tips

What’s Ahead For Mortgage Rates This Week – April 24, 2017

April 24, 2017 by Robby Oakes

Mortgage rates fell below three percent according to Freddie Mac. The average rate for a 30-year fixed rate mortgage dropped from 4.08 percent to 3.97 percent; the average rate for a 15-year fixed rate mortgage fell by nine basis point from 3.34 percent to 3.23 percent. The average rate for a 5/1 adjustable rate mortgage was eight basis points lower at 3.10 percent. Discount points averaged 0.50 percent for fixed rate mortgages and 0.40 percent for a 5/1 adjustable rate mortgage. Lower mortgage rates are good news for home buyers challenged by rapidly rising home prices based on high demand and low supplies of homes for sale.

Filed Under: Mortgage Rates Tagged With: Mortgage Rates

Did You Know? How Accelerating Your Mortgage Payments Can Help Your Credit Score

April 21, 2017 by Robby Oakes

The tough part might be over after your mortgage has been approved, but it’s still important to keep on top of your monthly payments and maintain a good credit score for your financial future. If you’re currently wondering how increasing your mortgage payments can help your credit outlook, here are some things to consider.

Filed Under: Home Mortgage Tips Tagged With: Home Mortgage Tips, Mortgage, Mortgages and Credit

Going on a Nice Vacation? Protect Your Home and Valuables With These 3 Key Tips

April 20, 2017 by Robby Oakes

It’s always exciting to pack up and get away from your home for the sake of escape, but going on vacation also means leaving your home behind. While a good neighborhood can go a long way towards making sure your home stays safe in your absence, here are some additional tips for how to ensure you’ll be coming back from your trip without incident.

Filed Under: Around The Home, Home Buyer Tips Tagged With: Around The Home, Homeowner Tips, Real Estate Tips

NAHB: Builder Sentiment Dips in April

April 19, 2017 by Robby Oakes

According to the National Association of Home Builders Housing Market Index for April, Builder Confidence dropped three points to an index reading of 68 in April. While any reading over 50 indicates positive builder confidence, home builders said that they continue to face obstacles including higher costs for materials and elevated costs associated with regulatory issues. Builders have repeatedly cited concerns including a lack of buildable lots and labor shortages in past months.

Filed Under: Mortgage Rates Tagged With: Housing Market

Selling Your Home? Understanding Why a Buyer Might Withdraw — and How to Win Them Back

April 18, 2017 by Robby Oakes

It may seem like the hard part is over once you’ve received a few offers on your home and are preparing for the negotiation process. Unfortunately, anything can happen until the papers and signed and this means that potential homebuyers can back out. If you’re dealing with a wavering bidder and are wondering how you can win them back, here are some reasons they might withdraw and how you may be able to win them over.

Filed Under: Home Seller Tips Tagged With: Home Seller Tips, Negotiations, Selling a Home

What’s Ahead For Mortgage Rates This Week – April 17, 2017

April 17, 2017 by Robby Oakes

Last week’s economic releases included readings on inflation, core inflation, new jobless claims, and mortgage rates. Consumer sentiment for April was also released.

Filed Under: Mortgage Rates Tagged With: Mortgage Rates

Pamper Your Pet With These Five Awesome Pet-friendly Home Upgrades

April 14, 2017 by Robby Oakes

The best addition to many a family is the beloved pet, but beyond the regular treats and pillows, there are plenty of ways to spoil your pet and let them know how much you love them. If you’re looking for some neat concepts for your favorite pooch, here are some unique ideas you may want to try out.

Filed Under: Around The Home Tagged With: Around The Home, Homeowner Tips, Upgrades and Renovations

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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