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Three Unique Upgrades That Will Drive Your Home’s Resale Price Through the Roof

March 20, 2015 by Robby Oakes

If you are a homeowner, you should always be thinking about ways that you can boost the resale value of your home. Whether you are planning on putting the home on the market, or simply want to be prepared for the future, there are upgrades that can make your property more desirable.

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

FOMC Statement: Federal Reserve Discusses Rate Increase, But Concerned About Growth

March 19, 2015 by Robby Oakes

The post-meeting statement of the Federal Reserve’s Federal Open Market Committee indicated that while the Fed is considering raising its target rate as early as June, the agency is in no hurry to cast anything in cement. The statement cited stronger labor markets and low unemployment rates as encouraging, but noted that FOMC members remain concerned about economic growth due to low inflation failing to meet the FOMC goal of two percent.

Filed Under: Market Outlook Tagged With: Fed Chair Janet Yellen, Federal Reserve, FOMC

Variable-rate vs. Fixed-rate Mortgages – Which is Better for Your Financial Situation?

March 18, 2015 by Robby Oakes

If you are thinking about applying for a mortgage, it is important that you consider all of the options carefully and that you understand the key differences between them. Let’s compare variable-rate and fixed-rate mortgages to see which might be the best in your situation.

Filed Under: Mortgage Rates Tagged With: Home Mortgage Tips, Interest Rates, Mortgages

Understanding the Key Factors That Affect Your Mortgage Interest Rate

March 17, 2015 by Robby Oakes

When you initially start shopping for a home mortgage, you may be drawn to advertisements for ultra-low interest rates. However, the unfortunate truth is that all too often, mortgage applicants are unpleasantly surprised and even disheartened to learn that they do not qualify for the advertised interest rate.

Filed Under: Mortgage Rates Tagged With: Home Mortgage Tips, Interest Rates, Mortgages

What’s Ahead For Mortgage Rates This Week – March 16, 2015

March 16, 2015 by Robby Oakes

Last week’s economic reports included job openings, retail sales, retail sales except automotive, consumer sentiment for March and the usual reports on weekly jobless claims and mortgage rates.

Filed Under: Market Outlook Tagged With: Freddie Mac, Market Outlook, Mortgage Rates

Have You Outgrown Your Current Home? Here Are Five Easy Ways to Tell if It’s Time to Upgrade

March 13, 2015 by Robby Oakes

Your home is your castle, your own little piece of the American dream. But lately, your little corner of the world has been feeling cramped and you find yourself eyeing those larger homes. Is it time to pull up stakes and move on from your starter home?

Filed Under: Home Buyer Tips Tagged With: Buying a Home, Home Buyer Tips, Upgrades and Renovations

The Mortgage Pre-approval Letter: Why It’s Important and How to Get One

March 12, 2015 by Robby Oakes

While you may feel as though you have taken the preliminary steps necessary to prepare yourself to buy a home, it is important that you also get a mortgage pre-approval letter for your financing before you starting hunting for that perfect house or condo.

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

Taking an Extended Vacation? Renting Your Home to Long-Term Tenants is a Great Option

March 11, 2015 by Robby Oakes

If you have the luxury of taking an extended vacation, you may have your sights set on adventure and relaxation. However, you also need to consider the practicality of leaving behind your home and belongings for an extended period of time. A great idea is to take on a long-term tenant for your home, and there are a number of benefits that you can enjoy by doing this.

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

Missed a Mortgage Payment? How to Ensure It Doesn’t Affect Your Credit Score

March 10, 2015 by Robby Oakes

If you pay attention to your credit rating, you may be well aware that a single late payment reflected on your credit report can result in a decline in your scores. In some cases, the decline can be rather significant, and you will have to work hard to make regular payments over a period of time to show that you remain creditworthy and to rebuild your credit score.

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

What’s Ahead For Mortgage Rates This Week – March 9, 2015

March 9, 2015 by Robby Oakes

Last week’s economic news was scant on housing related reports, but several employment reports were released along with the national unemployment rate, which dipped to 5.50 percent. This was a full point below the Federal Reserve’s original target rate of 6.50 percent. Construction spending was incrementally lower than expected and mortgage rates also fell.

Filed Under: Market Outlook Tagged With: Freddie Mac, Job Market, Market Outlook

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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