Columbus Mortgage Rate Update

February 15, 2012 by Steve Wagner · Leave a Comment 

Rates are slightly in our favor again this morning but I don’t see a good reason why. China has offered to help out Greece by investing in them and the congress approved the extension of the payroll tax cut. Both would indicate a better economy and rates should be going up but that didn’t happen. [...]

Columbus Mortgage Rate Update

February 14, 2012 by Steve Wagner · Leave a Comment 

The market moved in our direction slightly this morning as retail sales came out for the month of January and they were less than expected. That coupled with the worry over the Greece situation has made the market move in our direction. MORTGAGE TIP OF THE DAY: Freddie and Fannie allow a total of 10 [...]

Columbus Mortgage Rate Update

February 13, 2012 by Steve Wagner · Leave a Comment 

The market is drifting against us this morning as an austerity agreement was signed with Greece this weekend. Money will start flowing from the US back to the EU. We will see how this holds up as the week goes on. MORTGAGE TIP OF THE DAY: Freddie and Fannie are now making us prove information [...]

Columbus Mortgage Rate Update

February 3, 2012 by admin · Leave a Comment 

Unemployment came out for December and it was better than expected. This makes interest rates go up. We are moving in the wrong direction but not enough to make jump to the next highest rate. MORTGAGE TIP OF THE DAY: I haven’t done this for a while, let’s compare the differences between FHA and Conventional [...]

Columbus Mortgage Rate Update

February 1, 2012 by Steve Wagner · Leave a Comment 

No movement in rates today. An important announcement is coming out Friday that could affect rates either direction. MORTGAGE TIP OF THE DAY: I haven’t done this for a while, let’s compare the differences between FHA and Conventional loans. That’s always useful: 1. FHA tends to have a lower rate than conventional. Usually by .125% [...]

Columbus Mortgage Rate Update

January 31, 2012 by Steve Wagner · Leave a Comment 

Numbers came out today on November home prices in the US and there was a drop. Rates continue to fall in our favor, not enough to make rates trip to the next .125%. MORTGAGE TIP OF THE DAY: I haven’t done this for a while, let’s compare the differences between FHA and Conventional loans. That’s [...]

Columbus Mortgage Rate Update

January 30, 2012 by Steve Wagner · Leave a Comment 

Rates are again on the downward slide, almost to the point of another quarter percent rate drop. It’s the only familiar problem, Greece and the Europe Union in trouble. That is the biggest situation now affecting mortgage rates and other markets worldwide. MORTGAGE TIP OF THE DAY: I haven’t done this for a while, let’s [...]

Columbus Mortgage Rate Update

January 27, 2012 by Steve Wagner · Leave a Comment 

Unimpressive US growth data came out and that made the markets go down. The part I’m confused this morning, why did gasoline prices in Central Ohio go up last night? There is no reason that should have happened except that they can do what they want to do. MORTGAGE TIP OF THE DAY: I haven’t [...]

Columbus Mortgage Rate Update

January 26, 2012 by Steve Wagner · Leave a Comment 

Rates are finally down today. New home sales came out this morning for 2011 and it as the worst ever, according the AP News. That bad news helped make mortgage rates go down. MORTGAGE TIP OF THE DAY: I haven’t done this for a while, let’s compare the differences between FHA and Conventional loans. That’s [...]

Columbus Mortgage Rate Update

January 25, 2012 by Steve Wagner · Leave a Comment 

The markets again are in our direction but not enough to make rates drift down. The Fed is meeting this afternoon to decide if they should raise rates. The general opinion is they won’t do anything because they would stall the economy more. Crude Oil is down this morning again. Gas in Central Ohio has [...]

Next Page »