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A North Carolina Mortgage Originator Committed
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Serving Chapel Hill, Durham, Raleigh, Greensboro, Wilmington, Charlotte, Morehead City and all of North Carolina.

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Fed Meeting Minutes Reflect Support For Reducing QE Program

August 22, 2013 by Robby Oakes Leave a Comment

The minutes of last month’s Federal Open Market Committee (FOMC) meeting show significant support for tapering the Fed’s current amount of monthly securities purchases. These purchases, known as quantitative easing (QE), are an effort to maintain lower long-term interest rates including mortgage rates.

Filed Under: Federal Reserve Tagged With: Federal Reserve,Quantitative Easing,Mortgage Based Securities

It’s Important To Follow These Specific Steps When Using Gift Funds For Your Down Payment

August 21, 2013 by Robby Oakes Leave a Comment

As lenders tighten mortgage guidelines for home buyers, minimum down payment requirements are increasing.

Filed Under: Mortgage Tips Tagged With: Gift Funds,Gift Letter,Mortgage Guidelines

Home Builder Confidence Highest Level In Nearly 8 Years

August 20, 2013 by Robby Oakes 1 Comment

The National Association of Home Builders (NAHB) reported Thursday that its Housing Market Index rose three points to a reading of 59 for August.

Filed Under: Housing Analysis Tagged With: Housing Analysis,Housing Market Index,NAHB Home Builders Index

What’s Ahead For Mortgage Rates This Week – August 19, 2013

August 19, 2013 by Robby Oakes Leave a Comment

Last week wasn’t kind to stock market investors, but weekly jobless claims fell to an unexpected low of 320,000 new jobless claims filed was its lowest level in nearly six years. Average mortgage rates were mixed, but inched upward.

Filed Under: Housing Analysis Tagged With: Housing Analysis,Mortgage Rates,Financial Reports

Tips For Helping Your Kids Adjust To A New School

August 16, 2013 by Robby Oakes Leave a Comment

August means it’s time to get your children ready for school once more. Picking out backpacks, going clothes shopping and finding all the right school supplies can be hectic enough.

Filed Under: Around The Home Tagged With: Home Buyer Tips,Back to School,Moving Tips

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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