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Robby Oakes Mortgage Team
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Serving Chapel Hill, Durham, Raleigh, Greensboro, Wilmington, Charlotte, Morehead City and all of North Carolina.

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What’s Ahead For Mortgage Rates This Week : October 29, 2012

October 29, 2012 by Robby Oakes

Pricing for both conforming and FHA mortgage rates improved between Monday and Friday, with the majority of gains occurring late in the week.

Filed Under: Mortgage Rates Tagged With: Federal Reserve, New Home Sales, QE3

New Home Supply Remains Firmly In “Seller’s Market” Territory

October 26, 2012 by Robby Oakes

According to the U.S. Census Bureau, the number of new homes sold jumped to 389,000 units in September 2012 on a seasonally-adjusted, annualized basis.

Filed Under: Housing Analysis Tagged With: Mortgage Rates, New Home Sales, New Home Supply

Simple Explanation Of The Federal Reserve Statement (October 24 , 2012)

October 24, 2012 by Robby Oakes

The Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent Wednesday.

Filed Under: Federal Reserve Tagged With: Fed Funds Rate, FOMC, QE3

Home Supplies Drop To Multi-Year Low

October 24, 2012 by Robby Oakes

The National Association of REALTORS® reports Existing Home Sales at 4.75 million units in September 2012 on a seasonally-adjusted, annualized basis, an 11 percent increase from one year ago.

Filed Under: Housing Analysis Tagged With: Existing Home Sales, Existing Home Supply, NAR

The Most Expensive U.S. ZIP Codes (2012 Edition)

October 23, 2012 by Robby Oakes

Using data compiled by real estate market data firm Altos Research, Forbes Magazine recently presented America’s most expensive ZIP codes for 2012.

Filed Under: Rankings Tagged With: Altos Research, Forbes, ZIP Codes

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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