The market is going against us this morning. This weekends spending spree better than expected helped turn the market against us. The word from the big guys monitoring the international markets … [Read more...]
Columbus Mortgage Rate Update
November 18, 2011 By Leave a Comment
Everything is holding this morning. Crude Oil is down this morning, always good news. Have a great weekend. MORTGAGE TIP OF THE DAY: Every deposit that shows up on a borrwers bank … [Read more...]
Columbus Mortgage Rate Update
November 17, 2011 By Leave a Comment
Things are holding steady this morning. Crude Oil is down $1.60 a barrel, Gold is down, Stock Market is down slightly. It's a weird morning. The European worries is still affecting the US … [Read more...]
Columbus Mortgage Rate Update
November 16, 2011 By Leave a Comment
More fears about Europe and the "PIIGS" countries in trouble is rearing it's ugly head again this morning. Portgual, Spain and Greece are at the top of the Worry list in Europe. That made our … [Read more...]
Columbus Mortgage Rate Update
November 15, 2011 By Leave a Comment
The mortgage market is stable. Crude Oil went up $1.00 a barrel this morning and Gold is up. Both not good signs. MORTGAGE TIP OF THE DAY: 48 hours before closing, we check with the … [Read more...]
Columbus Mortgage Rate Update
November 14, 2011 By Leave a Comment
The markets are holding this morning. The new Italian debt crisis is the new watch and see. Crude Oil is down a little this morning. MORTGAGE TIP OF THE DAY: One of the biggest slowup's … [Read more...]
Columbus Mortgage Rate Update
November 11, 2011 By Leave a Comment
Rates are stable this morning even with things settling down in Italy and Greece. The Stock Market is in our favor, Crude Oil is going up and in theroy we should be increasing but we didn't. Can't … [Read more...]
Columbus Mortgage Rate Update
October 24, 2011 By Leave a Comment
Rates are going slightly against us this morning but not enough to make rates go up. The Stock Market is up, Gold is up, Crude Oil is up, and Mortgage Rates are up slightly. No reason what is … [Read more...]
Columbus Mortgage Rates
October 12, 2011 By Leave a Comment
What seems to be driving rates up in Europe going to back Greece and money is flowing from the US markets back to Europe. Crude Oil is stable this morning. There seems to be a direct relation … [Read more...]
Columbus Mortgage Rate Update
October 10, 2011 By Leave a Comment
The markets are all going the direction as if our economy was doing better however I think the big issue that is going on right now is the Greece situation is getting fixed making investors more … [Read more...]
Columbus Mortgage Rate Update
October 6, 2011 By Leave a Comment
All markets have eyes on European and England bailing out Greece from its financial problems. Money is flowing back into European from the US safe havens such as mortgage backed securities. This … [Read more...]
Columbus Mortgage Rate Update
October 5, 2011 By Leave a Comment
The situation in Greece is again affecting our mortgage market. The EU appears to be on the verge of helping out that country. That made money flow from the US back to Europe, forcing mortgage rates … [Read more...]
Columbus Mortgage Rate Update
October 3, 2011 By Leave a Comment
The market is going in our direction. Crude Oil again is down, below $80 a barrel. The website, www.columbusgasprices.com shows one station at $2.99 per gallon, many at $3.03 a gallon. … [Read more...]
Columbus Mortgage Market Update
September 30, 2011 By Leave a Comment
More bad news about our economy came out this morning that helped mortgage rates. Crude Oil is also down this morning. MORTGAGE TIP OF THE DAY: When pulling funds for a down payment on a … [Read more...]
Columbus Mortgage Rate Update
September 27, 2011 By Leave a Comment
It appears the Greece situation and crisis seems to be easing, forcing money to flow back from the US markets to Europe causing rates to go up. Crude Oil is also up this morning a couple dollars a … [Read more...]
Columbus Mortgage Market Update
September 26, 2011 By Leave a Comment
Rates are still stable this morning even with an increase all Friday afternoon. Crude Oil is also down at $78+ a barrel this morning. MORTGAGE TIP OF THE DAY: Preapproval letters are not … [Read more...]
Columbus Mortgage Rate Update
September 23, 2011 By Leave a Comment
Rates are stable this morning. Crude Oil has dropped below $80 a barrel in quite a while. Have a good weekend. MORTGAGE TIP OF THE DAY: Appraisals need to be with similar to the subject … [Read more...]
Columbus Mortgage Rate Update
September 21, 2011 By Leave a Comment
The feds are meeting today at 2:15 pm to decide if they should lower rates to help stimulate the economy. Anyone notice other than me that gasoline prices are going down but Crude Oil prices are … [Read more...]
Columbus Mortgage Rate Update
September 19, 2011 By Leave a Comment
Mortgage rates dropped dramatically this morning as the worldwide markets are nervous over the possible collapse of Greece. Money is flowing from Europe to safe harbors like American mortgage backed … [Read more...]
Columbus Mortgage Market Update
September 14, 2011 By Leave a Comment
The markets are drifting in our direction this morning. The mess in Greece and the downgrade of France is helping is out. Rates are still at a 60 year low. Crude Oil is also down this … [Read more...]
Columbus Mortgage Rate Update
September 13, 2011 By Leave a Comment
Not much movement today in the markets. OPEC did cut their oil production because of decrease demand worldwide in order to keep the price of oil and gasoline up. I guess you call that blackmail. … [Read more...]
Columbus Mortgage Rate Update
September 9, 2011 By Leave a Comment
Rates hit again the 61 year low from 1950. My charts don’t go any lower than this so from here on, we aren’t sure how far before 1950 we are looking at. Crude Oil is down $2.50 a barrel this … [Read more...]
Columbus Mortgage Rate Update
September 6, 2011 By Leave a Comment
The market is still going in our favor this morning. Rates are down again. We have just equaled the 60 year low from 1950. We got slightly lower than that the day before the election in 2010. Will … [Read more...]
Columbus Mortgage Market Update
September 2, 2011 By Leave a Comment
This is amazing. Unemployment came out this morning and it was worse than expected. As you know, bad economic news makes mortgage rates go down. Crude Oil is also down this morning over $3 a … [Read more...]
Columbus Mortgage Martket Update
August 29, 2011 By Leave a Comment
It is not clear to me why rates when up this morning. The Stock Market is up along with Crude Oil. Not sure if the east coast hurricane somehow affected this but “it is what it is”. … [Read more...]
Columbus Mortgage Rate Update
August 26, 2011 By Leave a Comment
The GNP for the 2nd quarter came out this morning and it was not good. That made rates go the right direction. It was not enough to make rates tick down to the next .125% but we are close. Crude … [Read more...]
Columbus Mortgage Market Update
August 25, 2011 By Leave a Comment
European debt worries is the cause of rates coming down this morning. As you probably know, also the Stock Market is down for the same reason. Crude Oil is down this morning too. MORTGAGE … [Read more...]
Columbus Mortgage Market Update
August 23, 2011 By Leave a Comment
All the markets are flat this morning. Stock Market is up some, Crude Oil is flat, Mortgage rates are flat. MORTGAGE TIP OF THE DAY: FHA loan limit is changing October 1, 2011 from … [Read more...]
Columbus Mortgage Rate Update
August 22, 2011 By Leave a Comment
It’s another weird day in the market. Supposedly the Libya conflict should be helping crude oil but it isn’t. The markets are all on the positive end making mortgage rates go up. … [Read more...]
Columbus Mortgage Market Update
August 19, 2011 By Leave a Comment
Everything is so bizarre and weird. The markets are jumping around. Yesterday afternoon rates went the wrong way, they are correcting themselves. Everything is a mess. The good part, crude oil is … [Read more...]
Columbus Mortgage Rate Update
August 18, 2011 By Leave a Comment
This is just too bizarre. Stock Market is way down again, Crude Oil is down almost $4.00 a barrel. World economic news is bad forcing mortgage rates down. MORTGAGE TIP OF THE DAY: If … [Read more...]
Columbus Mortgage Rate Update
August 16, 2011 By Leave a Comment
Looks like everything has finally settled down. No movement either direction. Crude Oil is down this morning $1.40 a barrel, down the $86.00. That’s always good news. I bought gas last night for … [Read more...]
Columbus Mortgage Market Update
August 11, 2011 By Leave a Comment
Another weird day. Stock market is up, crude oil is down a hair, conventional is up and FHA is down. We are just sitting here scratching our heads. No clue what is happening. MORTGAGE TIP OF … [Read more...]
Columbus Mortgage Market Update
August 9, 2011 By Leave a Comment
The mortgage market is holding steady with yesterday’s rates. Just when you think you’ve seen everything the financial and mortgage world there is, they throw at us a curve ball. Nothing is … [Read more...]
Columbus Mortgage Rate Update
August 8, 2011 By Leave a Comment
This is too crazy. We had no idea this morning what was going to happen. It turns out, folks are selling their stocks due to the S&P downgrading. Folks sold their stocks but bought mortgage backed … [Read more...]
Columbus Mortgage Market Update
August 5, 2011 By Leave a Comment
Finally got some good news out this morning, unemployment went down from 9.2 to 9.1% which is positive economic. The markets started out against us this morning because of this news but quickly moved … [Read more...]
Columbus Mortgage Rate Update
August 4, 2011 By Leave a Comment
This is just too weird. Another drop in rates. The 60 year low was the day before the election in 2010 at 3.875% for one day, 30 year fixed. I’m also not getting gas prices relating to crude oil. … [Read more...]
Columbus Mortgage Rate Update
July 29, 2011 By Leave a Comment
Rates dropped this morning. Quarterly figures came out and it shows the economy and growth is at a standstill. That bad news made rates come down. The stalemate in the congress over the debt … [Read more...]
Columbus Mortgage Rate Update
July 27, 2011 By Leave a Comment
Crude Oil is down this morning. Everything is in turmoil this morning due to the debt ceiling issue. Rates haven’t moved either direction enough to make rates change by .125% yet. In general, … [Read more...]
Columbus Mortgage Rate Update
July 5, 2011 By Leave a Comment
Movement is in our favor this morning but not enough to make rates go down to the next .125%. Crude Oil is up this morning. I heard on the news this weekend one of the reasons gasoline prices went … [Read more...]
Columbus Mortgage Rates Update
June 27, 2011 By Leave a Comment
Greece’s financial situation will be determined this week and will have a dramatic affect on the world wide financial markets. This includes the mortgage backed securities the US offers. It will … [Read more...]
Columbus Mortgage Market Update
June 20, 2011 By Leave a Comment
Rates are the same this morning as last Friday. Crude Oil is down slightly this morning, which is good news at least at my house. MORTGAGE TIP OF THE DAY: A somewhat new rule came out last … [Read more...]
Columbus Mortgage Rate Update
June 17, 2011 By Leave a Comment
Rates are holding again this morning/afternoon. Crude Oil is down another $2.00+ a barrel today, great news. MORTGAGE TIP OF THE DAY: We are able to do a “cash out” refinance up to 70% … [Read more...]
Columbus Mortgage Market Update
June 16, 2011 By Leave a Comment
More poor news came out yesterday forcing mortgage rates down. Crude Oil took a huge dive yesterday also, $5.00 a barrel lower. That is great news (to me, at least). MORTGAGE TIP OF THE … [Read more...]
Columbus Mortgage Rate Update
June 15, 2011 By Leave a Comment
Rates bounced up yesterday due to some positive economic news but drifting back down this morning. Crude Oil is still hovering around the high $90’s. MORTGAGE TIP OF THE DAY: When getting … [Read more...]
Columbus Mortgage Market Update
June 14, 2011 By Leave a Comment
Two economic announcements came out this morning and they were better than expected which is putting pressure on rates upward. Crude Oil is still hovering around the upper $90 a barrel range. … [Read more...]
Columbus Mortgage Rates Update
June 13, 2011 By Leave a Comment
Rates are the same as last week. There is downward pressure. The stock market is doing poor, a fair amount of bad economic news has been coming out which pushes rates down. It appears the refinery … [Read more...]
Columbus Mortgage Market Update
June 9, 2011 By Leave a Comment
The market pressures are pushing upward. Crude Oil is also up this morning to over $102.00 a barrel. MORTGAGE TIP OF THE DAY: Second homes need at least 10% down minimum. THOUGHT OF THE … [Read more...]
Columbus Mortgage Rate Update
June 8, 2011 By Leave a Comment
Rates are drifting in our direction this morning. Crude Oil, however, is up passed $100 a barrel….not good!!! MORTGAGE TIP OF THE DAY: Jumbo loans, loans over $417,000 are loans whose funds … [Read more...]
Columbus Mortgage Market Update
June 6, 2011 By Leave a Comment
No economic indicators came out this morning. There is pressure for rates to go up today, for whatever reason. Crude Oil is down again this morning $1.50 a barrel. MORTGAGE TIP OF THE DAY: FHA … [Read more...]
Connect with Us