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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

Freddie Mac 30-Year Fixed Rate Mortgage Rates Rises To 3.55%

August 3, 2012 by Robby Oakes

This week, for the first time since mid-June, the 30-year fixed rate mortgage rate climbed on a week-over-week basis, moving 6 basis points to 3.55%, on average.

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

Simple Explanation Of The Federal Reserve Statement (August 1 , 2012)

August 1, 2012 by Robby Oakes

Breaking down the FOMC’s August 1 statement.

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

Case-Shiller Index Shows Home Values Rising Nationwide

August 1, 2012 by Robby Oakes

All 20 Case-Shiller Index markets improved between April and May 2012.

Filed Under: Housing Analysis Tagged With: Case-Shiller Index, FHFA, NAR

Planning Ahead For The Federal Reserve’s Next Move

July 31, 2012 by Robby Oakes

The FOMC meets today for the fifth time this year. Mortgage rates will be volatile for the next few days. Make sure to have a plan.

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

How to Tell if Someone Is Lying to You

July 30, 2012 by Robby Oakes

When someone is not being honest with you, there are often clues that they are lying. If you become adept at spotting these subtle changes in body language and tone, you will be able to develop your own lie detector and know when something is trying to keep you in the dark about something.

Here are some red flags that might indicate someone is lying:

Filed Under: Personal Development Tagged With: Cheating, Interview, Lying, Truth

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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