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

March 3, 2011 by Steve Wagner · Leave a Comment 

Jobless claims came out this morning and they were less than expected. Rates moved away from us this morning because of this but not enough to trip rates down .125% that we quote. MORTGAGE TIP OF THE DAY: FHA loans require the borrower has enough money to close WITHOUT using the tax prorate credit. The [...]

Columbus Mortgage Market: Yippy!

January 4, 2011 by Steve Wagner · Leave a Comment 

The market started recovering yesterday afternoon. Rates finally drifted down .125% That didn’t take long. There is a theory out there that after the first of 2011 the money will start flowing back into mortgage backed securities thus driving the rate down. I like that theory. THINK ABOUT THIS!!! Local Area Network in Australia—the LAN [...]

Columbus Mortgage Rates: Nice week!

October 22, 2010 by Steve Wagner · Leave a Comment 

All the markets are against us this morning but not enough to make rates go up. Go out there and sell something today. INTERESTING LIFE OBSERVATIONS: You never know when it will stroke, but there comes a moment at work when you know that you just aren’t going to do anything productive for the rest [...]

Columbus Mortgage Rates

October 20, 2010 by Steve Wagner · Leave a Comment 

Go out there and sell something today. INTERESTING LIFE OBSERVATIONS: Map Quest really needs to start their directions on #5. I’m pretty sure I know how to get out of my neighborhood. MORTGAGE TIP OF THE DAY: I will be doing a series of receiving a Gift on a mortgage loan and all the facets [...]

Columbus Mortgage Market: Geez Louise!

October 19, 2010 by Steve Wagner · Leave a Comment 

This is a weird morning. Many things happened in the financial markets this morning in direct conflict to each other. 1. China increased their deposit rate today by .25% which increased the US Dollar which should have made rates go up. 2. Crude Oil went down this morning which should make rates go down. 3. [...]

Columbus Mortgage Rates: We have no idea what is happening and why!!

August 19, 2010 by Steve Wagner · Leave a Comment 

Absolutely nothing is making sense on the markets and why they are shifting the way they are. All the indicators said this morning rates should go down but we went slightly the other direction. We can’t make heads or tails or what is happening and why. Go out there and sell something today. MORTGAGE TIP [...]

Columbus Mortgage Market: I’m not getting this.

August 16, 2010 by Steve Wagner · Leave a Comment 

This is one of those “scratching our heads” day. The market is dramatically in our favor but no one is lowering rates. Weird!!! Go out there and sell something today. MORTGAGE TIP OF THE DAY: On a FHA loan, a gift may be used for the down payment. The donor is allowed to borrow the [...]

Columbus Mortgage Market: 8-)….Yes!!!!

January 25, 2010 by Steve Wagner · Leave a Comment 

Friends: Today is the last day for the “Fact or Crap”. I hope you have enjoyed them. I think they were fun. The market is not in our favor this morning but rates did drift down from Friday. As you may or may not have been aware, you did NOT receive an email from me [...]

Columbus Mortgage Rates: 8-0…..Yawn!!!!

January 21, 2010 by Steve Wagner · Leave a Comment 

Friends: The market is basically flat this morning, no movement any direction. Unfortunately, “Fact or Crap” will be going away in the latter part of January. (1 more to go) Thanks!!! Steve MORTGAGE TIP OF THE DAY: Sweeping changes are happening for FHA loans. Larger down payments and higher MIP insurance is coming, so we [...]

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