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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

30-Year Fixed Rate Mortgage Drops To 3.49% — An All-Time Low

September 21, 2012 by Robby Oakes

For the first time in 9 weeks, mortgage rates have made new lows.

Filed Under: Mortgage Rates Tagged With: 15-Year Fixed, 30-Year Fixed, Freddie Mac

Housing Starts Move To 2-Year High

September 20, 2012 by Robby Oakes

Wednesday, the U.S. Census Bureau reported Housing Starts for single-family homes up 5.5 percent in August to a seasonally-adjusted, annualized count of 535,000 units nationwide.

Filed Under: Housing Analysis Tagged With: Building Permits, Housing Market Index, Housing Starts

Homebuilder Confidence Rises Again; Tops 40

September 19, 2012 by Robby Oakes

As reported by the National Association of Home Builders, the Housing Market Index, a measure of builder confidence, rose to a reading of 40 in September — its highest mark since June 2006.

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

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

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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