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The Federal Reserve Begins A 2-Day Meeting Today

December 11, 2012 by Robby Oakes

The Federal Open Market Committee (FOMC) begins a 2-day meeting today, its last of 8 scheduled meetings this year.

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

October Jobs Report Blows Away Estimates; Mortgage Rates Falling

November 6, 2012 by Robby Oakes

Mortgage rates are performing surprisingly well after Friday’s release of the October 2012 Non-Farm Payrolls report.

Filed Under: The Economy Tagged With: Jobs, Mortgage Rates, Non-Farm Payrolls

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

FOMC Expected To Announce New Stimulus Today

September 13, 2012 by Robby Oakes

The FOMC adjourns from a 2-day meeting today. Mortgage rates are expected to change — perhaps by a lot.

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

Freddie Mac 30-Year Fixed Rate Mortgage Rates Rises To 3.55%

August 3, 2012 by Robby Oakes

This week, for the first time since mid-June, the 30-year fixed rate mortgage rate climbed on a week-over-week basis, moving 6 basis points to 3.55%, on average.

Filed Under: Mortgage Rates Tagged With: 30-Year Fixed Rate Mortgage, Freddie Mac, Mortgage Rates

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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