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 [...]

Columbus Mortgage Rate Update

January 24, 2012 by Steve Wagner · 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 drift our direction. It wasn’t enough to make rates go down but we were close yesterday to increasing rates in [...]

Columbus Mortgage Rate Update

January 16, 2012 by Steve Wagner · 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 out a legal way to black out that information so it doesn’t affect senstive situations. Welcome to our world, [...]

Columbus Mortgage Rate Update

January 13, 2012 by Steve Wagner · 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 credit rating for the EU may be cut soon. These two pieces of bad news made rates go down. Crude Oil is also down [...]

Columbus Mortgage Rate Update

January 12, 2012 by Steve Wagner · 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. Have a good day. MORTGAGE TIP OF THE DAY: I haven’t done this for a while, let’s compare [...]

Columbus Mortgage Rate Update

January 11, 2012 by Steve Wagner · 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 Market, Crude Oil (thank goodness), etc. We are on the downward slide this morning but only the jumbo rates were affected. [...]

Columbus Mortgage Rate Update

January 10, 2012 by Steve Wagner · 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 a good reason as to why. MORTGAGE TIP OF THE DAY: Junk Fees is a negative term [...]

Columbus Mortgage Rate Update

January 3, 2012 by Steve Wagner · 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 dramatically. MORTGAGE TIP OF THE DAY: On a FHA or conventional loan, if the borrower has 10 payments or less on an installment debt we [...]

Columbus Mortgage Rate Update

December 29, 2011 by Steve Wagner · 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 hair. MORTGAGE TIP OF THE DAY: Just before closing, lenders are required to contact the borrower’s employers [...]

Columbus Mortgage Rate Update

December 22, 2011 by Steve Wagner · 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 4 days. Not sure what thats all about. MORTGAGE TIP OF THE DAY: We lenders are not allowed [...]

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