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NAHB: Builder Sentiment Improves in August

August 18, 2016 by Robby Oakes

According to the National Association of Home Builders, August home builder sentiment met analyst expectations and rose by two points to a reading of 60; July’s reading was revised downward to 58. Two out of three components used in calculating the Home Builder Index were higher. Builder sentiment concerning current housing conditions rose two points to 65. Builders were also more confident about housing market conditions within the next six months; August’s reading was one point higher at 56. Builders were less confident about buyer traffic in new housing developments. August’s reading slipped one point to 44.

Filed Under: Home Building Tips Tagged With: Home Builders

3 Things You Must Do after Inheriting a Home

August 17, 2016 by Robby Oakes

There can be a lot of excitement when it comes to the realization that you’ve inherited a home, but simply because it’s an inheritance doesn’t mean there aren’t a few strings attached. Whether you’re expecting to be gifted with a home in the future or you’re currently going through this process, here are a few things you may need to watch out for.

Filed Under: Real Estate Tips Tagged With: Inheriting A Home, Real Estate Tips

Bi-weekly or Monthly Mortgage Payments – Which is better?

August 16, 2016 by Robby Oakes

When you apply for a new mortgage, your lender may ask if you want to set up monthly payments or bi-weekly payments. At one time, monthly payments were common, but bi-weekly payments are increasing in popularity. This is because they break a large expense up into two smaller and seemingly more manageable payments. In addition, you can also make what equates to a full extra payment on the mortgage each year with a bi-weekly payment structure. Before you decide which is best for you, consider a few factors.

Filed Under: Mortgage Tips Tagged With: Mortgage Tips

What’s Ahead For Mortgage Rates This Week – August 15, 2016

August 15, 2016 by Robby Oakes

Last week’s economic news included reports on job openings, retail sales and recurring reports on mortgage rates and new jobless claims. Job openings and hiring increased, which provided further evidence of stronger economic conditions. Retail sales were flat in July, new unemployment claims dropped and mortgage rates changed little.

Filed Under: Mortgage Rates Tagged With: Labor Report, Mortgage Rates

Three Proven Ways You Boost Your Credit to Get a Mortgage Approved

August 12, 2016 by Robby Oakes

Credit problems are unfortunately common, and they can make it difficult for you to obtain a mortgage. Even if you are able to obtain a mortgage with your credit issues, the rate may be rather high in comparison to what you may qualify for if you obtain a mortgage without fixing your credit problems. While some issues may take a while to fix, you may be able to see a decent increase in your credit rating when you follow a few easy steps.

Filed Under: Mortgage Tips Tagged With: Credit Score, Mortgage Approvals

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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