Columbus Mortgage Market: OMG!!

July 16, 2010 by Steve Wagner · Leave a Comment 

The economy keeps getting worse with all the market indicators showing that this morning. The good part about bad economies is that mortgage rates go down. Go out there and sell something today. MORTGAGE TIP OF THE DAY: In the current Financial Reform Act that is before Congress right now, one of the provisions in [...]

Columbus Mortgage Rates: Yippy Skippy!!

July 15, 2010 by Steve Wagner · Leave a Comment 

The market is in our favor this morning. More poor economic news. Go out there and sell something today. MORTGAGE TIP OF THE DAY: First time home buyer bond money has an option where the State will GIVE a buyer 2.5% of the 3.5% down required by FHA. They do, however, jack up the rate [...]

Columbus Mortgage Market

July 8, 2010 by admin · Leave a Comment 

Reports came out this morning showing some encouragement in the economy and all the market indicators reacted accordingly. Mortgage rates jumped back up this morning to the previous days rates. Go out there and sell something today. MORTGAGE TIP OF THE DAY: First time home buyer bond money for the state of Ohio went down [...]

Columbus Mortgage Rates: Oh well!

June 16, 2010 by admin · Leave a Comment 

The economic situation is easing off in Europe yesterday afternoon and today making mortgage rates go back up. Go out there and sell something today. MORTGAGE TIP OF THE DAY: First time homebuyer bond money can have as little as 1% down. The state will give 2.5% of the 3.5% down required by FHA. The [...]

Columbus Mortgage Market: Little 8-(…

May 24, 2010 by Steve Wagner · Leave a Comment 

The craziness seems to be easing off in Europe over the Greece economic crisis. Rates went up just slightly this morning, only FHA was enough to actually trip the rate upward. Now is not a bad time to be traveling in Europe with the dollar so strong. Been a long time since that happened. MORTGAGE [...]

Columbus Mortgage Rates: 8-)…Yippy Skippy!!!!

April 13, 2010 by Steve Wagner · Leave a Comment 

Friends: Rates fell this morning. Trade deficits for the U.S. came out for February and it was down. This bad economic news made mortgage rates go down. Thanks!!! Steve MORTGAGE TIP OF THE DAY: The question keeps coming up as to whether a condo complex is conforming to Fannie and Freddie’s Guidelines or not. I’ll [...]

Columbus Mortgage Market: 8-(….dang!!!

March 12, 2010 by Steve Wagner · Leave a Comment 

Friends: Rates went up a bit this morning. February consumer sales came out and it was higher than expected indicating confidence in the economy. Thanks!!! Steve MORTGAGE TIP OF THE DAY: Recently, most PMI companies have determined that Franklin County is NOT in a “restricted market” (aka Declining Market). What that means is now they [...]

Columbus Mortgage Market: 8-(~ ……frown throwing up!!!! (I had to open my big mouth this morning)

February 18, 2010 by Steve Wagner · Leave a Comment 

Friends: The market is going against us again this morning slightly but can’t give you a good reason why. Not enough to make rates go up yet, though but it’s close. Mortgage securities the wrong way, crude oil is up, dollar is down. CNN just reported the 5 most affordable cities in the country and [...]

Columbus Mortgage Market: 8-0….yawn!!!

February 16, 2010 by Steve Wagner · Leave a Comment 

Friends: Investors are looking for some favorable news about the economy which pushed mortgage rates up slightly. Not enough to make us move in rate but the wrong way. Thanks!!! Steve MORTGAGE TIP OF THE DAY: If you recall, beginning January 1st, 2010, good faith estimates we are required to provide to the customer must [...]

Columbus Mortgage Rates: Little 8-(……Geez Louise!!!!

February 11, 2010 by Steve Wagner · Leave a Comment 

Friends: This is one of these days where we are scratching our heads trying to understand the money. The bond market is dramatically in our favor but did not affect mortgage rates in fact, 15 year fixed went up. Someone smarter than me must have this figured out. Thanks!!! Steve MORTGAGE TIP OF THE DAY: [...]

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