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 – October 10, 2016

October 10, 2016 by Robby Oakes

Other than a release on construction spending, last week’s economic readings were dominated by labor and employment data including ADP Payrolls, Non-Farm Payrolls and National Unemployment. Weekly reports on mortgage rates and new jobless claims were also released.

Master the Autumn Home Buying Season With Our Guide to Finding Local Real Estate Bargains

October 7, 2016 by Robby Oakes

Most people have a good idea of the neighborhood they want to purchase a new home in. The problem is finding a great deal in the area, especially if it’s a neighborhood that’s very popular. Thinking outside the box and avoiding the standard real estate listings can result in some bargain properties for sale that most people are completely unaware of.

S&P Case-Shiller: Home Price Growth Slows in July

October 6, 2016 by Robby Oakes

Home prices dipped slightly in July according to the S&P Case-Shiller 20-City Home Price Index. Year-over-year, home price growth dipped to 5.00 percent from June’s reading of 5.10 percent. The Pacific Northwest led the nation in home price appreciation. Portland, Oregon had the highest year-over-year home price growth with a rate of 12.40 percent. Seattle, Washington posted year-over-year home price growth of 11.20 percent. Denver, Colorado was third with a year-over-year home price growth rate of 9.40 percent.

3 Common Mistakes That First-time Mortgage Borrowers Make and How to Easily Avoid Them

October 5, 2016 by Robby Oakes

Deciding to purchase a home will be one of the biggest investment decisions you’ll make in your life, but it can be confusing for the first-time home buyer to know all the ins and outs of buying a home. If you’re wondering what things first-time buyers often forget about before purchasing a home, here are three important things that you’ll want to keep in mind.

Understanding Appraisals and What to Do If Your Home Doesn’t Appraise for Its Purchase Price

October 4, 2016 by Robby Oakes

It can be a bit of a surprise if your home turns out to be valued at less than the purchase price offered, but this is the type of thing that can occur in an appraisal situation. While this can change everything from your contract to the amount of your down payment, if your home has been appraised at less than you envisioned, here are some options you may want to consider.

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