Columbus Mortgage Rate Update

February 20, 2012 by Steve Wagner · Leave a Comment 

The markets are generally the same as Friday however several markets are closed due to it being a Government Holiday. Crude Oil is up again this morning due to the Iranian situation threathening to cut off oil. Greece appears to be getting closer to being stable. I hope you all bought gasoline last Friday on [...]

Columbus Mortgage Rate Update

February 17, 2012 by Steve Wagner · Leave a Comment 

More good economic news came out along with a more firm bailout with Greece is causing rates to go up. Crude Oil is also up today. I HIGHLY recommend buying gasoline today. I am expecting a jump soon. MORTGAGE TIP OF THE DAY: We are required to get the borrowers transcipt of their taxes from [...]

Columbus Mortgage Rate Update

February 15, 2012 by Steve Wagner · Leave a Comment 

Rates are slightly in our favor again this morning but I don’t see a good reason why. China has offered to help out Greece by investing in them and the congress approved the extension of the payroll tax cut. Both would indicate a better economy and rates should be going up but that didn’t happen. [...]

Columbus Mortgage Rate Update

February 14, 2012 by Steve Wagner · Leave a Comment 

The market moved in our direction slightly this morning as retail sales came out for the month of January and they were less than expected. That coupled with the worry over the Greece situation has made the market move in our direction. MORTGAGE TIP OF THE DAY: Freddie and Fannie allow a total of 10 [...]

Columbus Mortgage Rate Update

February 13, 2012 by Steve Wagner · Leave a Comment 

The market is drifting against us this morning as an austerity agreement was signed with Greece this weekend. Money will start flowing from the US back to the EU. We will see how this holds up as the week goes on. MORTGAGE TIP OF THE DAY: Freddie and Fannie are now making us prove information [...]

Columbus Mortgage Rate Update

February 10, 2012 by Steve Wagner · Leave a Comment 

The market is improving in our direction. Talks have stalled with Greece because to fix the problem there’s an austerity program that will have to be implemented. The population who has been used to all the great giveaways are not excited about biting the bullet. It’s like spoiled kids who have had their way too [...]

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% [...]

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