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 9, 2012 by Steve Wagner · Leave a Comment 

The EU folks are meeting today to get this European financial disaster squared away quickly. This positive news is making money flow from the US back to Europe thus making rates go up. OHFA first time homebuyer bond money also went up this morning by .125%. MORTGAGE TIP OF THE DAY: In the state of [...]

Columbus Mortgage Rate Update

December 21, 2011 by Steve Wagner · Leave a Comment 

No movement in rates today. The European situation is on a real roller coaster. One day things are going good the next day things are fading. My worry is Crude Oil is shooting up again this week for no apparent reason, just in time for the Holidays. MORTGAGE TIP OF THE DAY: Franklin County Real [...]

Columbus Mortgage Rate Update

November 17, 2011 by Steve Wagner · 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 markets. MORTGAGE TIP OF THE DAY: When handling a borrower who is on commission, we ask for their entire tax returns to [...]

Columbus Mortgage Rate Update

November 10, 2011 by Steve Wagner · Leave a Comment 

Rates rose today for two reasons, one is the European situation is stabalizing this morning and the second is jobless claims came out today and it was the lowest since April. Both being good economic news. MORTGAGE TIP OF THE DAY: Seasoned Funds: Those are funds that have been in your account for at least [...]

Columbus Mortgage Rate Update

October 6, 2011 by Steve Wagner · 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 caused rates to go up this morning along with an increase in Crude Oil, too. That is what triggered yesterdays jump up in [...]

Columbus Mortgage Rate Update

July 21, 2011 by Steve Wagner · Leave a Comment 

European debt plan boosts Wall Street bring rates back to Wednesday’s levels. MORTGAGE TIP OF THE DAY: We ask for two months bank statements from the borrower proving the down payment. Any funds arriving before that time is assumed to be the borrowers own funds. THOUGHT OF THE DAY: (This is the serious part) It’s [...]

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: God I love this!!

May 20, 2010 by Steve Wagner · Leave a Comment 

The European/Greece situation continues to get worse which helps us out. Rates continue to drop. Crude Oil is also going down. Who would have guessed this mess would be helping us out? Remember PIIGS (Portugal, Italy, Ireland, Greece and Spain). These are the European countries that have spent their brains out and now need bailed [...]

Columbus Mortgage Rates: 8-(….that didn’t last long!!!!

February 9, 2010 by Steve Wagner · Leave a Comment 

Friends: Stocks rise this morning thus forcing mortgage rates up as a recovery package for the European debt crisis may be near. That could help our economy making that good economic news for the US. Thanks!!! Steve MORTGAGE TIP OF THE DAY: In order to do a FHA loan, the complex must show up with [...]