Columbus Mortgage Rates: Little 8-(….yuck!!!

December 29, 2009 by Steve Wagner · Leave a Comment 

Friends: Nothing is making any sense why all this is happening. Small increase again today. Something new!!! Starting the first of the year I will be adding a new segment to my daily email. It will be called, “On this date in History”. We will be noting interesting and weird things that have happened on [...]

Columbus Mortgage Market: 8-0…..yawn!!!! Someone wake me when this ends.

November 20, 2009 by Steve Wagner · Leave a Comment 

Friends: This has got to be the most boring week in ages. No movement either direction. Thanks!!! Steve Mortgage Tip of the Day: One of the rules Freddie Mac and Fannie Mae have to determine a condo complex is conforming is that no more than 15% of the condo owners can be behind in their [...]

Columbus Mortgage Rates: 8-(…..it couldn't last forever, I guess but still good.

October 7, 2009 by Steve Wagner · Leave a Comment 

Friends: Because some good news came out about the economy this week it is perking up the economy some making mortgages to Drift up slightly. It happened today with 15 years and FHA. Thanks!!! Steve Mortgage Tip of the Day: Remember, The Arlington Bank has it’s own money that means we can loan on properties [...]

Columbus Mortgage Rates: :-O…yawn!! I guess yawn is better than frown!!!

March 25, 2009 by Steve Wagner · Leave a Comment 

Folks, Beginning this morning, the State of Ohio is offering the MCC program. It is for first time homebuyers who have not owned a primary residence in three years, makes under $65,000 a year and the property is under $247,000. The borrower gets back in the form a less tax owed the Federal Government by [...]

Columbus Mortgage Market: :-(….oh well!!!

March 16, 2009 by Steve Wagner · Leave a Comment 

Folks, Today is the first day of a new feature in my daily email, FACT or CRAP. We are replacing the “You know you’re from Columbus when…”. You will find the answer below the “legal stuff”. I hope you find this interesting. As I mentioned Friday, we had no clue why rates when down that [...]

Columbus Mortgage Rates: :-)…I'm liking this!!!

March 13, 2009 by Steve Wagner · Leave a Comment 

Folks, This is one of those days which all the market indicates show our rates should be going up but we’re going down….absolutely no clue why. Today is the last day for “You know you’re from Columbus when…” series. It has been fun and have gotten a lot of great feedback. Starting Monday I will [...]

Columbus Mortgage Rates: :-)….a little bit!!!

March 3, 2009 by Steve Wagner · Leave a Comment 

Folks, Yesterday afternoon, the stock market went into the tank badly, money was being moved from the stock market to the mortgage backed securities. This morning, money moved back to the stock market making our mortgage rates go back to where they were before. The bottom line is, things are pretty much the same as [...]

Columbus Mortgage Rates: :-O…yawn…and I'm ok with that!!!

March 2, 2009 by Steve Wagner · Leave a Comment 

Folks, The Asian markets opened this morning bad which we then followed with our stock market doing poor, under 7,000. Money seemed to flow from the stock market to the mortgage bond markets but not enough to make mortgage rates go down. The rumor in the financial markets is that the government will announce Wednesday [...]

Columbus Mortgage Rates: :-(….ugh!!

February 25, 2009 by Steve Wagner · Leave a Comment 

Folks, I wish I had better news to report today. Every market went the wrong way this morning after last night’s presidential speech including us. Even crude oil has gone up $2.00 a barrel this morning. We could sure use some encouragement somehow out here in money land. This too shall pass. Today’s Rates: 5.250% [...]

Columbus Mortgage Market: :-O…yawn!!!

February 23, 2009 by Steve Wagner · Leave a Comment 

Folks, Not a whole lot happening this morning in the money markets. It appears another round of stimulus is coming aimed at the housing industry. We have heard many different strategies from bailing only folks who are in foreclosure to refinancing everyone at a nice low interest rate and everything in between. Everyone is waiting [...]

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