Robby Oakes Mortgage - Chapel Hill Mortgage Lender | Robby's Blog about Mortgages in Raleigh, Durham, Chapel Hill, and Crystal Coast area of NC

What’s Ahead For Mortgage Rates This Week – September 25th, 2017

September 25, 2017 by Robby Oakes

Last week’s economic news included readings on housing starts, building permits issued and sales of pre-owned homes. The Fed’s Federal Open Market Committee issued its customary post-meeting statement and Fed Chair Janet Yellen gave a press conference. Weekly readings on mortgage rates and new jobless claims were also released.

DIY Home Projects: Creating a Study Space That Will Help Your Children Stay Focused

September 22, 2017 by Robby Oakes

If you’re a parent of school-aged children, you’ve likely been concerned with their study habits at some point. Sitting down in front of the television or at the dinner table to crack open the books is going to be less efficient than doing so in a quieter, more productive work space. Let’s explore how to create a study space that will help keep your children focused and on task.

It’s Pre-approval Time: How to Get Your Finances in Order for Your Mortgage Approval

September 21, 2017 by Robby Oakes

Buying a new home is one of the most exciting experiences a person or family can have. Of course, before you can step foot into your new dream home you will need to get prepared financially, especially if you are taking out a mortgage to cover some of the purchase price. Let’s take a look at a few key steps that will help you to prepare for the financial background checks that are part of the mortgage process.

NAHB: Builder Confidence Dips on Hurricane Damage

September 20, 2017 by Robby Oakes

Home builders had less confidence in housing market conditions in September. In the aftermath of Hurricanes Harvey and Irma, builders worried that ongoing shortages of construction labor and materials would worsen. NAHB Chairman Granger MacDonald said that concerns over labor and building materials were “intensified,” but said that builder confidence was expected to return to high readings once rebuilding is underway.

How Much Is the Right Amount to Commit to Your Down Payment? Let’s Take a Look

September 19, 2017 by Robby Oakes

Are you thinking about buying a new house or apartment? If you are going to take out mortgage financing, one consideration you will have is your down payment, which is the amount you pay up front in cash to cover some of the purchase cost. Let’s consider a few points that will help you to decide how much is the right amount for your down payment.

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