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Fed Minutes Detail QE3 Discussion; Mortgage Rates Down

October 5, 2012 by Robby Oakes

The minutes from the Federal Reserve’s September Federal Open Market Committee meeting were released Thursday.

Filed Under: Federal Reserve Tagged With: Fed Minutes, FOMC, QE3

With Tomorrow’s Job Report Due, Mortgage Rates May Finally Rise

October 4, 2012 by Robby Oakes

Friday morning, at 8:30 AM ET, the government releases its Non-Farm Payrolls report for September. Mortgage rates may rise if job growth was strong.

Filed Under: The Economy Tagged With: Bureau of Labor Statistic, NFP, Non-Farm Payrolls

How To Help Your Home Appraise At Its Fair Market Value

October 3, 2012 by Robby Oakes

Home appraisals thwart 33 percent of home purchase contracts nationwide. Here are steps you can take to help your home appraise at value.

Filed Under: Personal Finance Tagged With: Home Appraisal, NBC, The Today Show

Case-Shiller index Shows Home Values Rising Nationwide, Too

October 2, 2012 by Robby Oakes

Nearly five-and-one-half years after April 2007 — the housing market’s national peak — prices are finally beginning to rebound.

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

What’s Ahead For Mortgage Rates This Week : October 1, 2012

October 1, 2012 by Robby Oakes

For the third straight week, mortgage rates improved. This week’s jobs report threatens those gains, however.

Filed Under: Mortgage Rates Tagged With: China, Greece, QE3

Pending Home Sales Index Continues To Show Strength

September 28, 2012 by Robby Oakes

According to the real estate trade association, the Pending Home Sales Index read 99.2 for August — the fourth straight month in which the index hovered near its benchmark value of 100.

Filed Under: Housing Analysis Tagged With: NAR, Pending Home Sales Index, PHSI

New Home Supply Remains Firmly In “Seller’s Market” Territory

September 27, 2012 by Robby Oakes

According to the U.S. Census Bureau, the number of new homes sold slipped 0.3 percent in August 2012 to a seasonally-adjusted, annualized 373,000 units sold.

Filed Under: Housing Analysis Tagged With: Census Bureau, New Home Sales, New Home Supply

Home Price Index Shows Values Rising 3.7% From One Year Ago

September 26, 2012 by Robby Oakes

Home values have not dropped month-to-month since January of this year — a span of 6 months.

Filed Under: Housing Analysis Tagged With: FHFA, Home Price Index, HPI

Existing Home Sales Leap To 2-Year High

September 25, 2012 by Robby Oakes

According to the National Association of REALTORS®, 4.82 million “existing homes” sold on a seasonally-adjusted, annualized basis in August, representing a near 8 percent improvement from the month prior and a nine percent jump from August 2011.

Filed Under: Housing Analysis Tagged With: Existing Home Sales, Existing Housing Supply, NAR

What’s Ahead For Mortgage Rates This Week : September 24, 2012

September 24, 2012 by Robby Oakes

Mortgage markets improved for the second consecutive week last week as demand for U.S. mortgage-backed bonds remained high.

Filed Under: Mortgage Rates Tagged With: Housing Starts, PCE, QE3

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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