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

Yes, You Should Take the Plunge and Buy a New Home in 2017. Here’s Why

August 18, 2017 by Robby Oakes

Are you thinking about buying a house, apartment or condo? In many markets across the country, there’s never been a better time than now to become a homeowner. In this post, we’ll share a few reasons why the conditions are right to jump into the market and buy a new home.

Is It Possible to Get a Mortgage With Less-than-Perfect Credit? Yes – and Here’s How

August 17, 2017 by Robby Oakes

Are you thinking about buying a new house? Whether you’re a first-time or experienced buyer, if your credit score isn’t looking too hot it can affect how much mortgage financing you receive – or whether you’re approved at all! But don’t fret. It’s still possible to get a mortgage approved, even with credit issues. Below we’ll share a few ways that you can get a mortgage loan even if your credit is less than perfect.

NAHB: Builder Sentiment Surges in August

August 16, 2017 by Robby Oakes

Home builder confidence in housing market conditions surged in August after sagging to an eight-month low in July. The National Association of Home Builders reported a July reading of 68 in August after analysts expected a one- point increase from July’s Housing Market Index reading of 64. Any reading over 50 indicates that more builders consider housing market conditions positive than those who do not.

You Ask, We Answer: What Kind of Fees Are Involved When I Get a Reverse Mortgage?

August 15, 2017 by Robby Oakes

If you are approaching your golden years and seeking a bit of financial flexibility, you might want to look at a reverse mortgage. Of course, a reverse mortgage isn’t without its costs. Let’s explore the fees that you will encounter when you take out a reverse mortgage loan.

What’s Ahead For Mortgage Rates This Week – August 14, 2017

August 14, 2017 by Robby Oakes

Job openings rose in June to 6.20 million as compared to May’s reading of 5.70 million job openings. Analysts said that increasing job vacancies show that employers are unable to find qualified workers. Business services, construction, health care and professional job sectors had the most job openings. Slow wage growth could be contributing to widespread job openings. Average wage growth has been running at approximately 2.50 percent, which is lower than the average of 3.50 to 4.00 percent typically seen during economic expansion.

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