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Mortgage Rates Rise For Third Straight Week

August 17, 2012 by Robby Oakes

Mortgage rates rose for the third straight week this week. Could this be the end of rock-bottom mortgage rates?

Filed Under: Mortgage Rates Tagged With: 30-Year Fixed, Freddie Mac, PMMS

Homebuilder Confidence Rises To 5-Year High

August 16, 2012 by Robby Oakes

For August 2012, the National Association of Homebuilders reports the monthly Housing Market Index at 37 — an increase of more than 100% from one year ago and the highest HMI value since February 2007.

Filed Under: Housing Analysis Tagged With: HMI, Housing Market Index, NAHB

Home Affordability Sinks For The First Time In 12 Months

August 15, 2012 by Robby Oakes

Rising home prices are taking a toll on today’s home buyers. For the first time in 4 quarters — and despite falling mortgage rates — home affordability is sinking.

Filed Under: Housing Analysis Tagged With: HOI, Home Affordability, NAHB

Should You Lease Or Buy Your Next Car? It May Affect Your Mortgage.

August 14, 2012 by Robby Oakes

Should you lease a new car, or should you buy one? Like most financial questions, the answer depends on your situation

Filed Under: Personal Finance Tagged With: Cars, Lease, The Today Show

How Long Will Foods Last In A Refrigerator?

August 13, 2012 by Robby Oakes

Past due foods can both give off bad odors, and make you sick. Here’s a guide to how long different foods last.

Filed Under: Around The Home Tagged With: Food Safety, FoodSafety.gov, Refrigerator

5 States Home To 50% Of Foreclosure Activity Nationwide

August 10, 2012 by Robby Oakes

According to data from RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings dipped below 192,000 in July 2012, a 3 percent decrease from the month prior.

Filed Under: Housing Analysis Tagged With: Foreclosure Filing, Foreclosures, RealtyTrac

Improving Market Index Spans 32 States, District Of Columbia

August 9, 2012 by Robby Oakes

80 U.S. metropolitan markets are showing “measurable and sustained growth” this month, according to the National Association of Homebuilders’ Improving Market Index.

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

Mortgage Standards Stop Tightening; Lending Soon To Loosen?

August 8, 2012 by Robby Oakes

As another signal of an improving U.S. economy, the nation’s biggest banks have started to loosen mortgage lending standards.

Filed Under: Mortgage Guidelines Tagged With: Federal Reserve, Prime Residential Mortgage, Senior Loan Officer Survey

Closing At The End Of August? Plan Ahead For Labor Day Weekend.

August 7, 2012 by Robby Oakes

Planning to make a late-August purchase closing? Keep an eye on your calendar. The last Friday of the month coincides with Labor Day Weekend, which may make for a complicated, end-of-month closing.

Filed Under: Personal Finance Tagged With: Closing, Holiday, Power of Attorney

Clever Ways To Reduce Household Water Usage

August 6, 2012 by Robby Oakes

The average family of four uses 146,000 gallons of water per year, at a cost of $700. With just a few small changes, however, that cost could drop by as much as 28%.

Filed Under: Around The Home Tagged With: EPA, Water Conservation, Water Usage

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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