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 6, 2012 by Steve Wagner · 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 there appears to be no good news in Europe in sight. That will make money flow to the US forcing rates down. Weird [...]
Columbus Mortgage Rate Update
December 20, 2011 by Steve Wagner · 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 .125% yet. Crude Oil is also up dramatically this morning. Fill up your tanks NOW. MORTGAGE TIP OF [...]
Columbus Mortgage Rate Update
December 15, 2011 by Steve Wagner · 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 a condo either FHA or Conventional, we require that the Owners Association prove they have hazard insurance from the studs out. We [...]
Columbus Mortgage Rate Update
December 12, 2011 by Steve Wagner · 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 OF THE DAY: On a Conventional Loan, if a Student Loan shows up on a borrowers credit report deferred, [...]
Columbus Mortgage Rate Update
November 16, 2011 by Steve Wagner · 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 mortgage rates go down but pushed up Crude Oil prices dramatically this morning. I highly recommend filling up with gasoline [...]
Columbus Mortgage Rate Update
November 1, 2011 by Steve Wagner · Leave a Comment
The market is drifting back in our direction. The fight is on in Europe backing down on the Greece bailout situation. That is making the markets nervous forcing mortgage into US Mortgage Backed Securities. That is forcing rates down. Some of the rate changes I am quoting today may relate to my new company rather [...]
Columbus Mortgage Rate Update
October 17, 2011 by admin · Leave a Comment
The mortgage bond market is in our favor this morning. The word out of Europe is that the fix for Greece is not going to be as fast as expected. Also two large banks announced earnings this morning and they were not very good. All this news made money to flow back into mortgage backed [...]
Columbus Mortgage Rate Update
October 5, 2011 by Steve Wagner · 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 up some. The good news is our Stock Market also went up because of that, Gold is down, Crude [...]
Columbus Mortgage Rate Update
September 27, 2011 by Steve Wagner · 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 barrel along with our Stock Market, Gold, Silver, everything. This is a weird situation going on. MORTGAGE [...]
100 E. Wilson Bridge Road
