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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 – July 28th, 2025

July 28, 2025 by Robby Oakes

Very little was released this week due to the major inflation data releases from the previous week. The Leading Economic Index was the most significant–and only–impactful release this week, showing a further decline in overall sentiment about the current economic situation. The majority of the decline was caused largely driven by expectations for business conditions. The decline was faster than expected, enough to warrant continued monitoring of the Leading Economic Index going forward.

Filed Under: Financial Reports Tagged With: Financial Report, Jobless Claims, Mortgage Rates

The Effect of Local Job Markets on Mortgage Lending

July 25, 2025 by Robby Oakes

When evaluating the housing market, many people focus on home prices and interest rates. However, one critical factor that often goes unnoticed is the strength of the local job market. Employment trends directly affect mortgage lending by influencing both buyer demand and lender confidence.

Filed Under: Mortgage Tips Tagged With: Job Market Impact, Local Economy, Mortgage Lending

How to Determine Your Ideal Monthly Mortgage Payment

July 24, 2025 by Robby Oakes

Buying a home is one of the most exciting financial decisions you will ever make, but understanding what you can comfortably afford each month is essential for long-term success. Your ideal monthly mortgage payment should not just fit within your budget today, but also allow for financial flexibility and security in the future.

Filed Under: Mortgage Tips Tagged With: Financial Planning, Home Buying Tips, Mortgage Budget

The Benefits of Mortgage Rate Buydowns

July 23, 2025 by Robby Oakes

When purchasing a home, every detail matters, especially your interest rate. One strategy that many buyers overlook is the mortgage rate buydown. A buydown allows you to lower your interest rate for the first few years of your loan, or even permanently, by paying upfront fees at closing. This option can significantly reduce your monthly payments, offering financial relief when you need it most.

Filed Under: Mortgage Rates Tagged With: Lower Payments, Mortgage Rate Buydown, Mortgage Tips

Are Low Down Payment Programs Right for You?

July 22, 2025 by Robby Oakes

Purchasing a home is a significant milestone, but for many buyers, saving for a large down payment can feel overwhelming. Thankfully, low down payment programs can offer a solution, making homeownership more accessible than ever before. However, before choosing one of these options, it is important to understand both the benefits and potential drawbacks.

Filed Under: Mortgage Tips Tagged With: First-Time Home Buyer, Home Loan Options, Low Down Payment

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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