The market is slightly in our favor. The Greece situation isn't going well for them, Crude Oil is down this morning. This Friday's January unemployment numbers could be a huge market changer … [Read more...]
Columbus Mortgage Rate Update
March 5, 2012 By Leave a Comment
Fear of a global slowdown made rates go in our favor but manufacturing output was up for the US which offset that. We are the same due to those two factors. MORTGAGE TIP OF THE DAY: At the time … [Read more...]
Columbus Mortgage Rate Update
March 2, 2012 By Leave a Comment
The market is going is our direction this morning. For some reason, Jumbo rates took a huge jump up. Not sure what is up with that. The market over reacted to yesterdays economic news. MORTGAGE … [Read more...]
Columbus Mortgage Rate Update
March 1, 2012 By Leave a Comment
Jobless numbers came out this morning for January and they were better than expected. That good news made mortgage rates go up. The jury is still out, though, on Crude Oil prices stablizing. … [Read more...]
Columbus Mortgage Rate Update
February 29, 2012 By Leave a Comment
The market continues to drift in our direction. We popped down .125% this morning on 30 year fixed. Europe continues to be a factor in the movement of rates in the US. MORTGAGE TIP OF THE … [Read more...]
Columbus Mortgage Rate Update
February 28, 2012 By Leave a Comment
The market again is in our favor. We are very close to tripping down to another .125% in rates. Durable goods came out this morning and it was less than was expected. This is an indication of still … [Read more...]
Columbus Mortgage Rate Update
February 27, 2012 By Leave a Comment
The market is moving slightly in our direction this morning. Can't give you a good reason why. Crude Oil is down $1.00+ per barrel, which is good. MORTGAGE TIP OF THE DAY: Freddie. Fannie and … [Read more...]
Columbus Mortgage Rate Update
February 24, 2012 By Leave a Comment
The market is going in our direction this morning. Can't give you a good reason why. Nothing changed though to make anything to do down by .125% MORTGAGE TIP OF THE DAY: USDA loans are loans … [Read more...]
Columbus Mortgage Rate Update
February 23, 2012 By Leave a Comment
Things look pretty calm and mild today. Crude Oil came down a bit in the past 24 hours. This is the main cause of the suddenly jump up in mortgage and gasoline prices. MORTGAGE TIP OF THE … [Read more...]
Columbus Mortgage Rate Update
February 20, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
February 17, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
February 15, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
February 14, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
February 13, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
February 10, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
February 8, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
February 7, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
February 6, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
February 3, 2012 By Leave a Comment
Unemployment came out for December and it was better than expected. This makes interest rates go up. We are moving in the wrong direction but not enough to make jump to the next highest rate. … [Read more...]
Columbus Mortgage Rate Update
February 1, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
January 31, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
January 30, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
January 27, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
January 26, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
January 25, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
January 24, 2012 By Leave a Comment
The market is in our favor this morning. Standard and Poors announced this morning in their opinion the Greece collaspe is sure to happen. This sent a shock wave there, the world market making rates … [Read more...]
Columbus Mortgage Rate Update
January 23, 2012 By Leave a Comment
The market is moving against us again this morning but the only one affected is our jumbo rates. They are still in the 4's though. Realty Trac this morning published the top worst 100 zip codes … [Read more...]
Columbus Mortgage Rate Update
January 20, 2012 By Leave a Comment
The market is going against us this morning but not enough to make rates jump up. I keep searching for a reason why but it is one of those days where there appears to be no reasonable explanation. … [Read more...]
Columbus Mortgage Rate Update
January 19, 2012 By Leave a Comment
The market moved against us this morning with good bank earnings news and some postive economic news. Good economic news makes mortgage rates go up. MORTGAGE TIP OF THE DAY: I haven't done … [Read more...]
Columbus Mortgage Rate Update
January 18, 2012 By Leave a Comment
The markets are pretty much flat this morning. No movement either direction. Gold is down a small amount. The World Bank is warning of a worldwide recession. What else is new there? … [Read more...]
Columbus Mortgage Rate Update
January 16, 2012 By Leave a Comment
Most of the markets are closed today so rates are pretty much where they were Friday. The EU is all angry over The Standard and Poors downgrading of 9 European countries. They are trying to figure … [Read more...]
Columbus Mortgage Rate Update
January 13, 2012 By Leave a Comment
Two things happened this morning with bad news forcing mortgage rates down. Chase Bank, the nations largest bank, posted lower earnings than expected. Also, it was reported this morning that the … [Read more...]
Columbus Mortgage Rate Update
January 12, 2012 By Leave a Comment
The market is moving slightly in our direction. The only thing that is really against us this morning is Crude Oil took a big jump AGAIN this morning. That whole Iran thing just scares me to death. … [Read more...]
Columbus Mortgage Rate Update
January 11, 2012 By Leave a Comment
We are still on this roller coaster ride with Europe. Things are looking more doubtful with their problems. That is making all the markets go down this morning including our mortgage rates, US Stock … [Read more...]
Columbus Mortgage Rate Update
January 10, 2012 By Leave a Comment
No movement today on any of our rates. The market is general is moving against us but not enough to make rates go up. Stock markets up, Gold is up, Crude Oil is unforunately up, etc. Couldn't read … [Read more...]
Columbus Mortgage Rate Update
January 9, 2012 By Leave a Comment
The EU folks are meeting today to get this European financial disaster squared away quickly. This positive news is making money flow from the US back to Europe thus making rates go up. OHFA first … [Read more...]
Columbus Mortgage Rate Update
January 6, 2012 By Leave a Comment
This is one of those unusual mornings. We heard of postive unemployment numbers this morning but it made rates go down. That shouldn't happen. The bad news overshadowing that information is that … [Read more...]
Columbus Mortgage Rate Update
January 5, 2012 By Leave a Comment
Rates are slightly against us this morning. ADP came out with a job report yesterday showing employment has increased more than expected. This, to me, is a much better indicator than the governments … [Read more...]
Columbus Mortgage Rate Update
January 3, 2012 By Leave a Comment
Positive economic news from around the world made interest rates jump up this morning. This also includes the US stock market, gold, mortgage rates and unfortuantely, crude oil which jumped … [Read more...]
Columbus Mortgage Rates: Happy New Year!
December 30, 2011 By Leave a Comment
The market finally drifted enough this morning to make 30 year fixed rates drop .125%. Crude Oil again is down slightly but as you probably realized by now, Central Ohio gasoline prices increased … [Read more...]
Columbus Mortgage Rate Update
December 29, 2011 By Leave a Comment
The market was slightly in our favor today but not enough to make rates drift down to the next .125%. Unemployment came out this morning and it was not as good as expected. Crude Oil is down a … [Read more...]
Columbus Mortgage Rate Update
December 27, 2011 By Leave a Comment
MORTGAGE TIP OF THE DAY: No Cost Refinance: This is a refinance where we as a lender increase the interest rate which creates more profit, enough to pay the borrowers closing costs. It's the … [Read more...]
Columbus Mortgage Rate Update
December 22, 2011 By Leave a Comment
No movement today in the market. I hope you all bought Gasoline yesterday since it increased $.35 a gallon in one hit. For some reason Crude Oil prices have increased almost $10 a barrel in the past … [Read more...]
Columbus Mortgage Rate Update
December 21, 2011 By Leave a Comment
No movement in rates today. The European situation is on a real roller coaster. One day things are going good the next day things are fading. My worry is Crude Oil is shooting up again this week … [Read more...]
Columbus Mortgage Rate Update
December 20, 2011 By Leave a Comment
Hopes rise today in Europe over the financial situation plus the housing starts in the US were higher than expected. The market is moving against us this morning but not enough to make rates go up by … [Read more...]
Columbus Mortgage Rate Update
December 16, 2011 By Leave a Comment
Not much movement this morning on the economy front. The really good news is Crude Oil took a huge plunge this week. Down more than $8 a barrel in 5 days....WOW. MORTGAGE TIP OF THE … [Read more...]
Columbus Mortgage Rate Update
December 15, 2011 By Leave a Comment
Things eased off a little bit this morning forcing mortgage rates up an .125%. The volatility of Europe is still our biggest factor in mortgage rates. MORTGAGE TIP OF THE DAY: When financing … [Read more...]
Columbus Mortgage Rate Update
December 12, 2011 By Leave a Comment
The fight is still on in Europe over fixing the Euro and the Greek situation. They seem to know what needs to be done to fix the problem but are slowly moving that direction. MORTGAGE TIP … [Read more...]
Columbus Mortgage Rate Update
December 9, 2011 By Leave a Comment
The market continues to drift in our direction this morning. The big issue still is the uneasiness of the European markets and how that will affect the world markets including the US mortgage bond … [Read more...]
Columbus Mortgage Rate Update
December 8, 2011 By Leave a Comment
The European Central Bank President this morning made a cautious remark that made the entire world money markets nervous. Stock Market is down, Bond Market is down, Gold is up, Crude Oil is down. All … [Read more...]
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