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Foreclosures Remain Concentrated In Just A Few States

September 18, 2012 by Robby Oakes

According to foreclosure data firm RealtyTrac, foreclosure activity increased 1 percent in August as compared to the month prior, climbing to just above 193,500 units nationwide.

Filed Under: Housing Analysis Tagged With: Foreclosures, RealtyTrac, REO

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

September 17, 2012 by Robby Oakes

Mortgage markets improved last week as the Federal Reserve introduced new economic stimulus.

Filed Under: mortgage-rates-whats-ahead-september-17-2012 Tagged With: Existing Home Sales, Federal Reserve, QE3

Simple Explanation Of The Federal Reserve Statement (September 13 , 2012)

September 13, 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 Thursday, while adding new market stimulus.

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

FOMC Expected To Announce New Stimulus Today

September 13, 2012 by Robby Oakes

The FOMC adjourns from a 2-day meeting today. Mortgage rates are expected to change — perhaps by a lot.

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

Improving Market Index Climbs To 99

September 12, 2012 by Robby Oakes

The number of U.S. housing markets showing “measurable and sustained growth” has increased by 19 this month, according to the National Association of Homebuilders’ Improving Market Index.

Filed Under: Housing Analysis Tagged With: IMI, Improving Market Index, NAHB

Simple Tips To Keep Your FICO High

September 11, 2012 by Robby Oakes

For today’s home buyers and refinancing households, the value of “good credit” has never been higher.

Filed Under: Personal Finance Tagged With: Credit Lines, Credit Scoring, FICO

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

September 10, 2012 by Robby Oakes

Mortgage rates rose slightly in last week’s holiday-shortened week.

Filed Under: Mortgage Rates Tagged With: ECB, FOMC, Freddie Mac

Coming Next Week : New, Mandatory Loan Fees For All Conforming Mortgages

September 7, 2012 by Robby Oakes

Beginning as soon as next week, new, mandatory mortgage fees will push conforming mortgage rates higher nationwide.

Filed Under: The Economy Tagged With: FHFA, G-Fee, Guarantee Fee

Case-Shiller Index Shows Huge Home Price Gain

September 6, 2012 by Robby Oakes

According to the Standard & Poor’s Case-Shiller Index, home prices rose 6.9% between the first and second quarter of 2012, the largest quarter-to-quarter gain since the home-value tracker’s 1987 inception.

Filed Under: Housing Analysis Tagged With: Case-Shiller Index, Home Price Index, Home Values

Making Coupon-Free Savings At The Supermarket

September 5, 2012 by Robby Oakes

With grocery bills rising, use these money-saving tips to get through the supermarket faster and with less money spent.

Filed Under: Personal Finance Tagged With: Groceries, shopping, The Today Show

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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