Columbus Mortgage Market: :-)….yes sir!!!

July 21, 2009 by Steve Wagner · Leave a Comment 

Friends Rates are down slightly this morning and if we get weaker than expected economic results and Chairman Bernanke’s words do not surprise the markets, we may see mortgage rates move lower for the week. We may see Gas prices increase this afternoon as well. Mortgage Tip of the Day: FHA currently has extended a [...]

Columbus Mortgage Rates: :–)))…..big ole smile!!!

June 15, 2009 by Steve Wagner · Leave a Comment 

Friends I didn’t see this one coming this morning. Rates came down dramatically this morning and Friday afternoon. Two things happened. The Russian finance minister decided to back the dollar and put funds in the U.S. The other thing is profit takers this morning sold of their stocks and the funds apparently went into mortgage [...]

Columbus Mortgage Rates: :–(~….Yuck!

May 28, 2009 by Steve Wagner · Leave a Comment 

That’s a sad person throwing up- with a big nose, folks… Friends According to what I’m reading this morning, Treasury Yields increased thus causing mortgage rates down. The fear is the rest of the world, although assurances from our government that the U.S. is sound, will not buy our Treasury Yields on fear of inflation. [...]

Columbus Mortgage Market: :-O…yawn!!!

May 21, 2009 by Steve Wagner · Leave a Comment 

Friends The Federal Reserve met yesterday afternoon and made decisions that help market rates improve. They did not improve enough to roll down an .125% in rate but we are very close. Mortgage Tip of the Day: Still no word from the FHA folks as to how they plan on structuring the purchase of an [...]

Columbus Mortgage Rates: :-O…yawn…again!!!

March 4, 2009 by Steve Wagner · Leave a Comment 

Folks, Today is one of those days when we went totally opposite from what we thought it would do. Everything stayed the same. We are all waiting to hear how the newest Obama help plan with help folks who lost all their equity. That is due out today. Today’s Rates: 5.375% 30 year fixed (same) [...]

Columbus Mortgage Rates: :-(….ugh!!

February 25, 2009 by Steve Wagner · Leave a Comment 

Folks, I wish I had better news to report today. Every market went the wrong way this morning after last night’s presidential speech including us. Even crude oil has gone up $2.00 a barrel this morning. We could sure use some encouragement somehow out here in money land. This too shall pass. Today’s Rates: 5.250% [...]

Columbus Mortgage Market: :-O…yawn!!!

February 23, 2009 by Steve Wagner · Leave a Comment 

Folks, Not a whole lot happening this morning in the money markets. It appears another round of stimulus is coming aimed at the housing industry. We have heard many different strategies from bailing only folks who are in foreclosure to refinancing everyone at a nice low interest rate and everything in between. Everyone is waiting [...]

Columbus Mortgage Market: :-(….ugh!!!

February 13, 2009 by Steve Wagner · Leave a Comment 

Folks, Well, I don’t like writing these types of emails but it looks like the Federal Stimulus Package is about ready to be approved. Unfortunately, there isn’t much in there for housing. There had been speculation by the media on everything from guaranteed lower rates for folks in the 4’s to a tax credit up [...]

Columbus Mortgage Rates: :-(…Geez Louise!!!

February 4, 2009 by Steve Wagner · Leave a Comment 

Folks, Things just aren’t going our direction for the past couple weeks. I’m sure the battle over the stimulus package in Congress is affecting our rates somehow. We just hope that part of the package will be pumping money into mortgage backed securities forcing mortgage rates down thus encouraging people to buy and owners to [...]

Columbus Mortgage Rates: slight :-)…..it's the right direction, at least!!

January 13, 2009 by Steve Wagner · Leave a Comment 

Folks, I heard an interesting commentary last night on the radio. You know gasoline prices have dropped dramatically since September which the result is a $300,000,000,000 stimulus package, mortgage rates are down substantially causing great savings for those who care to refinance and buying and the stock market is up 20% in the last six [...]

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