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Short Sales Outnumber Foreclosure Sales For Third Straight Quarter

December 18, 2012 by Robby Oakes

Foreclosure-tracker RealtyTrac reports falling foreclosure sales nationwide as banks get better at selling homes via short sale.

Filed Under: Housing Analysis Tagged With: Foreclosure, RealtyTrac, Short Sale

What’s Ahead For Mortgage Rates This Week : December 17, 2012

December 17, 2012 by Robby Oakes

Mortgage bonds worsened last week, moving mortgage rates higher.

Filed Under: Mortgage Rates Tagged With: Fed Funds Rate, FOMC, IMI

Improving Market Index : Up To 201 Cities For December 2012

December 14, 2012 by Robby Oakes

The Improving Market Index added 76 metropolitan areas in December as compared to the month prior.

Filed Under: Housing Analysis Tagged With: IMI, Mortgage Rates, NAHB

Simple Explanation Of The Federal Reserve Statement (December 12 , 2012)

December 12, 2012 by Robby Oakes

The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday.

Filed Under: Federal Reserve Tagged With: Fed Funds Rate, FOMC, QE3

Mortgage Rates Rising On 26 Straight Months Of Jobs Growth

December 12, 2012 by Robby Oakes

According to the Bureau of Labor Statistics (BLS) and its November 2012 Non-Farm Payrolls report, the U.S. economy added 146,000 net new jobs last month.

Filed Under: The Economy Tagged With: Jobs Report, Non-Farm Payrolls, Unemployment Rate

The Federal Reserve Begins A 2-Day Meeting Today

December 11, 2012 by Robby Oakes

The Federal Open Market Committee (FOMC) begins a 2-day meeting today, its last of 8 scheduled meetings this year.

Filed Under: Federal Reserve Tagged With: Fed Funds Rate, FOMC, Mortgage Rates

What’s Ahead For Mortgage Rates This Week : December 10, 2012

December 10, 2012 by Robby Oakes

Mortgage bonds worsened last week as Fiscal Cliff talks moved closer to resolution and as the U.S. economy showed continued signs of growth.

Filed Under: Mortgage Rates Tagged With: Fiscal Cliff, FOMC, Freddie Mac

Energy-Saving Tips For The Holiday Season

December 7, 2012 by Robby Oakes

The holiday season can be full of excesses. Don’t let your energy bill be one of them.

Filed Under: Around The Home Tagged With: energy, LED, Utility Bills

November 2012 Non-Farm Payrolls Report May Show Hurricane Sandy Effects

December 6, 2012 by Robby Oakes

If you are currently in the market for, or are undecided about a mortgage, consider locking your mortgage rate today. Friday’s Non-Farm Payrolls report represents mortgage rate risk.

Filed Under: The Economy Tagged With: ADP, BLS, Non-Farm Payrolls

Short Sale : Writing A Letter Of Hardship

December 5, 2012 by Robby Oakes

The short sale process starts with a letter of hardship.

Filed Under: Personal Finance Tagged With: Distressed Property, Hardship Letter, Short Sale

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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