Columbus Mortgage Market: Oh well!

July 27, 2010 by Steve Wagner · Leave a Comment 

Several large corporations showed higher earnings than expected indicating an improving economy therefore making mortgage rates go up. Remember, bad economies make mortgage rates goes go down, good economies make mortgage rates go up. Go out there and sell something today. MORTGAGE TIP OF THE DAY: Investment properties on a single family house needs 20% [...]

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: Yawn!!..but it’s a happy yawn!

June 29, 2010 by Steve Wagner · Leave a Comment 

The market again is going in our favor this morning. Not enough to make mortgage rates go down. It has to do with economic indicators with China. It’s a bizarre world out there. Go out there and sell something today. MORTGAGE TIP OF THE DAY: Fannie Mae/Freddie Mac along with PMI companies are requiring a [...]

Columbus Mortgage Rates: Can you find my joke?

June 10, 2010 by Steve Wagner · Leave a Comment 

The market is going against us this morning. The European markets seem to be settling down with money flowing back to theirs. Go out there and sell something today. MORTGAGE TIP OF THE DAY: Fannie Mae and Freddie Mac’s maximum loan amount is $417,000. For many years, they analyzed the average sales prices around the [...]

Columbus Mortgage Market: ..Yawn!

June 7, 2010 by Steve Wagner · Leave a Comment 

The market is still going in our favor. We are in the solid 4’s% everywhere or better. Go out there and sell something today. MORTGAGE TIP OF THE DAY: There are many levels of rules in making a mortgage loan. Freddie Mac and Fannie Mae have rules. The servicer may have more strict rules. PMI [...]

Columbus Mortgage Market: They finally came out

June 1, 2010 by admin · Leave a Comment 

News is still poor out of Europe concerning Greece’s economic situation. Not only in Europe are there problems but 7 U.S. cities have had their municipal bonds down graded to JUNK and on the verge of Chapter 9, Bankruptcy: Harrisburg, PA; Woonsocket, RI; Detroit, MI; Pontiac, MI; Harvey, IL; Littlefield, TX; and Central Falls, RI. [...]

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: Little Smile..and I’m very fine with that!!

May 13, 2010 by Steve Wagner · Leave a Comment 

The market is in our favor this morning. Anyone notice that finally gasoline prices are drifting down since Crude Oil has down dramatically? Crude Oil is down another $1.50 a barrel today. MORTGAGE TIP OF THE DAY: Fannie Mae is making noises that may make the lender buy back a loan if the borrower creates [...]

Columbus Mortgage Rates: 8-)…Yippy Skippy!!!! How long will this last?

April 19, 2010 by admin · Leave a Comment 

Friends: We aren’t quite getting this one today, rates came down and we don’t have a good reason why. Crude is also down little less than $2.00 a barrel. 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 [...]

Columbus Mortgage Market: 8-O…Yawn

April 16, 2010 by Steve Wagner · Leave a Comment 

Friends: Unfortunately, the market again is NOT in our favor including crude oil. Just got a text from Meijer their gasoline prices are going up this afternoon. 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 [...]

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