Columbus Mortgage Rate Update

February 8, 2012 by Steve Wagner · Leave a Comment 

This morning, the European Union was anticipating good news from a meeting with Greece which has made rates and the markets improve. Rates are the same as yesterday but several are on the verge of an increase due to that. We will see how the day goes. MORTGAGE TIP OF THE DAY: FHA treats a [...]

Columbus Mortgage Rate Update

February 7, 2012 by Steve Wagner · Leave a Comment 

The market is going against us slightly this morning. Not enough to make rates go up. The only really hot issue out there is the European/Greece situation. That could make rates go either direction depending on what happens with their economic restructure. MORTGAGE TIP OF THE DAY: When doing a FHA loan, if situations arise [...]

Columbus Mortgage Rate Update

February 6, 2012 by Steve Wagner · Leave a Comment 

Greece is on the verge of defaulting today. Today was a deadline to correct some of their problems and it didn’t happen. That is making our markets go down including mortgage rates. This is helping offset the Friday slight increase in rates. MORTGAGE TIP OF THE DAY: Remember USDA loans are available for those folks [...]

Columbus Mortgage Rate Update

February 1, 2012 by Steve Wagner · Leave a Comment 

No movement in rates today. An important announcement is coming out Friday that could affect rates either direction. MORTGAGE TIP OF THE DAY: I haven’t done this for a while, let’s compare the differences between FHA and Conventional loans. That’s always useful: 1. FHA tends to have a lower rate than conventional. Usually by .125% [...]

Columbus Mortgage Rate Update

January 31, 2012 by Steve Wagner · Leave a Comment 

Numbers came out today on November home prices in the US and there was a drop. Rates continue to fall in our favor, not enough to make rates trip to the next .125%. MORTGAGE TIP OF THE DAY: I haven’t done this for a while, let’s compare the differences between FHA and Conventional loans. That’s [...]

Columbus Mortgage Rate Update

January 30, 2012 by Steve Wagner · Leave a Comment 

Rates are again on the downward slide, almost to the point of another quarter percent rate drop. It’s the only familiar problem, Greece and the Europe Union in trouble. That is the biggest situation now affecting mortgage rates and other markets worldwide. MORTGAGE TIP OF THE DAY: I haven’t done this for a while, let’s [...]

Columbus Mortgage Rate Update

January 27, 2012 by Steve Wagner · Leave a Comment 

Unimpressive US growth data came out and that made the markets go down. The part I’m confused this morning, why did gasoline prices in Central Ohio go up last night? There is no reason that should have happened except that they can do what they want to do. MORTGAGE TIP OF THE DAY: I haven’t [...]

Columbus Mortgage Rate Update

January 26, 2012 by Steve Wagner · Leave a Comment 

Rates are finally down today. New home sales came out this morning for 2011 and it as the worst ever, according the AP News. That bad news helped make mortgage rates go down. MORTGAGE TIP OF THE DAY: I haven’t done this for a while, let’s compare the differences between FHA and Conventional loans. That’s [...]

Open Houses for Sunday Jan 29

January 26, 2012 by Steve Wagner · Leave a Comment 

2 of The Columbus Team listings will be having an Open House this weekend, Sunday, January 29, 2012. Stop by to say Hello! _____________________________________________________________________________________ View this listing 594 Chatham Rd Columbus 43214 Open House 2-4 pm _____________________________________________________________________________________ View this listing 962 Augusta Glen Columbus 43235 Open House 2-4 pm _____________________________________________________________________________________

Columbus Mortgage Rate Update

January 25, 2012 by Steve Wagner · Leave a Comment 

The markets again are in our direction but not enough to make rates drift down. The Fed is meeting this afternoon to decide if they should raise rates. The general opinion is they won’t do anything because they would stall the economy more. Crude Oil is down this morning again. Gas in Central Ohio has [...]

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