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Robby Oakes Mortgage Team
A North Carolina Mortgage Originator Committed
to Service and Transparency

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 8th, 2024

July 8, 2024 by Robby Oakes

With the FOMC Minutes coming precisely within expectations, there is once again a lot of optimism that the Federal Reserve may cut rates this year. Much of the Q2 data reports show favorable amounts of reduction in inflation as well as a more stable economic outlook for the rest of the year. With the larger reports in PMI Manufacturing numbers and Non-farm Payroll figures, the overall outlook seems to align with the rest of the data points, justifying the more recent optimism about potential rate cuts. This week should give the final results on Q2 inflation results with the new releases of CPI and PPI data reports.

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

The Pros and Cons of Mortgage Life Insurance

July 5, 2024 by Robby Oakes

Mortgage life insurance is a type of policy designed to pay off your mortgage in the event of your death. As with any financial product, it has its pros and cons. Understanding these can help you determine whether it makes sense for your situation.

Filed Under: Mortgage Tagged With: Insurance Coverage, Mortgage, Mortgage Life Insurance

Celebrating Independence Day: More Than Just Fireworks and BBQs

July 4, 2024 by Robby Oakes

While fireworks, barbecues, and parades are fundamental to our 4th of July celebrations, the spirit of Independence Day runs much deeper.

Filed Under: Holidays Tagged With: Freedom, gratitude, IndependenceDay

How to Read Your Mortgage Statement: What to Look For and How to Ensure Its Accuracy

July 3, 2024 by Robby Oakes

Your mortgage statement is an important document that provides detailed information about your home loan. Understanding it can help you manage your mortgage more effectively, identify potential issues early, and ensure you’re on track with your payments.

Filed Under: Mortgage Tagged With: Finances, Mortgage, Mortgage Statement

Understanding Graduated Payment Mortgages

July 2, 2024 by Robby Oakes

When it comes to buying a home, you will find many mortgage options available. One of the lesser-known but potentially advantageous choices is the Graduated Payment Mortgage (GPM).

Filed Under: Mortgage Tagged With: Graduated Payment Mortgage, Mortgage, Mortgage Tips

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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