Columbus Mortgage Rate Update

December 9, 2011 by Steve Wagner · Leave a Comment 

The market continues to drift in our direction this morning. The big issue still is the uneasiness of the European markets and how that will affect the world markets including the US mortgage bond market. No positive economic news has been coming out for the US to force mortgage rates up. MORTGAGE TIP OF THE [...]

Columbus Mortgage Rate Update

September 29, 2011 by Steve Wagner · Leave a Comment 

Rates continue to go against us with the Greece crisis getting cleared up. As things seem to settle down money is flowing back into the Europeans Markets. MORTGAGE TIP OF THE DAY: We recommend when bringing money to closing, have the check made payable ONLY to the title company. What has been happening lately is [...]

Columbus Mortgage Market Update

March 24, 2011 by Steve Wagner · Leave a Comment 

European and Asia markets are rebounding making money flow from the mortgage backed securities. MORTGAGE TIP OF THE DAY: Remember, on Monday, April 18, 2011 the MIP insurance on FHA loans will increase from .900% to 1.150%. That is the date the Case Number is ordered. THOUGHT OF THE DAY: (This is the serious part) [...]

Columbus Mortgage Rates: Yawn!

June 30, 2010 by Steve Wagner · Leave a Comment 

Everything is holding steady for the rates of this week. Still lots of uncertainly in the European Markets forcing money to the US in mortgage backed securities. How weird is this? Go out there and sell something today. MORTGAGE TIP OF THE DAY: Freddie and Fannie are now requiring we not only verify that a [...]

Columbus Mortgage Market: Well that didn’t last long!!

May 18, 2010 by Steve Wagner · Leave a Comment 

The European markets started to rebound yesterday afternoon concerning the Greece situation along with the dumping of the Euros. This made all of our markets go the wrong way this morning. The dollar is down, Crude Oil is up a bit, etc. Although, Crude Oil is still very low over the past two weeks, down [...]

Columbus Mortgage Rates: ..amazing!

May 17, 2010 by Steve Wagner · Leave a Comment 

Who would have guessed this mess in Europe with those 5 countries spending their brains out would be helping us like this? Money is flowing from European markets into the mortgage backed securities forcing our rates down. MORTGAGE TIP OF THE DAY: PMI will not issue insurance with less than 20% down on a condo [...]