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

Case-Shiller: Home Prices Continue to Outpace Inflation

August 26, 2015 by Robby Oakes

Denver, Colorado continues to woo homebuyers as home prices rose by 10.20 percent as of June according to the Case-Shiller 20-City Home Price Index. The Mile-High City was the only city included in the index that posted double-digit year-over-year growth in June. San Francisco, California posted a 9.50 percent year-over-year gain in home prices and Dallas, Texas rounds out the top three cities posting highest year-over-year home price growth with a reading of 8.20 percent.

A Few Common Misconceptions About Mortgage Pre-Qualification

August 25, 2015 by Robby Oakes

By understanding how pre-qualification works, youâll be able to find the right mortgage for you – at the best possible rate. So what is mortgage pre-qualification, and what isn’t it? Here are three common pre-qualification myths that you may have heard.

What’s Ahead For Mortgage Rates This Week – August 24, 2015

August 24, 2015 by Robby Oakes

Last week’s economic events included a number of readings on housing related topics. The National Association of Home Builders released its report on builder confidence in housing markets, Housing starts reached their highest level since the great recession, and existing home sales exceeded expectations and the prior month’s reading. The Federal Reserve released minutes for its most recent FOMC meeting, which indicated that while a majority of FOMC members are leaning toward raising the Fed’s target federal funds rate, concerns over certain aspects of the economy continue to keep the Fed from citing a date for raising its target interest rate.

3 Handy Tips That Will Prevent Serious Stress when Buying and Selling a Home at the Same Time

August 21, 2015 by Robby Oakes

It’s not easy, but staying calm will help you to plan for your upcoming home purchase and sale and make the process easier. So how can you avoid the stress? Here are three strategies that will keep you calm, no matter what may happen.

FOMC Minutes: Rate Hike May be Near

August 20, 2015 by Robby Oakes

The minutes for the most recent meeting of the Federal Reserve’s Federal Open Market Committee (FOMC) suggest that while committee members won’t specify a date, a rate hike could come sooner than later. Committee members continue to cite concerns over labor markets and other economic factors, but the minutes of the FOMC meeting held July 28 and 29 indicate that a majority of members see a rate change as likely in the near term.

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