Columbus Mortgage Market Update

September 22, 2011 by Steve Wagner · Leave a Comment 

The Federal Reserve yesterday decided to buy more mortgage backed securities in order to drive down interest rates and help the economy. Even though warnings were given that that would cause sever inflation one day, it was done anyway. That is the reason for mortgage rates dropping this morning. We just passed our 60+ year [...]

Columbus Mortgage Market: Yes! Read below…

September 21, 2010 by Steve Wagner · 1 Comment 

Over the next 11 days, I will be showing Bill Gates’ “11 rules your kids DID NOT and WILL NOT learn in school”. I’m sure you will enjoy this: 1. “Life is not fair—get used to it”. The market started to improve yesterday afternoon and continued this morning. The Federal Reserve is meeting this afternoon [...]

Columbus Mortgage Rates: Little 8-)….and thats OK!!!

April 27, 2010 by Steve Wagner · Leave a Comment 

Friends: We aren’t getting this one. Rates drifted down this morning. It affected FHA but not the others. The reasons why aren’t clear. It says it has to do with the Goldman Sachs hearings and the Federal Reserve is to meet this week. Thanks!!! Steve MORTGAGE TIP OF THE DAY: The State of Ohio is [...]

Columbus Mortgage Rates: :-(…ugh!!!

July 20, 2009 by Steve Wagner · Leave a Comment 

Friends This week we have two days of congressional testimony by Fed Chairman Benanke. This always seems to cause some volatility. Let’s hope it’s in our favor. Mortgage Tip of the Day: Fannie Mae Toughens Guidelines On Trailing Spouses- Trailing secondary wage earning is now prohibited. This means that an employee relocating to Columbus can’t [...]

Columbus Mortgage Rates: :-O….Yawn!!!

July 16, 2009 by Steve Wagner · Leave a Comment 

Friends Rates got worse yesterday afternoon but rebounded this morning so everything is the same as yesterday. Wish I could give you a good reason why all that happened in the past 24 hours, but we just don’t have a clue. Mortgage Tip of the Day: 138 days until the $8,000 Stimulus Money provided by [...]

Columbus Mortgage Rates: :–O…yawn!!! Eveything is holding this morning!!!

June 29, 2009 by Steve Wagner · Leave a Comment 

Friends The market is holding this morning after last Friday’s infusion of Fed’s buying mortgage backed securities. Crude Oil is up this morning along with the stock market up a little. Mortgage Tip of the Day: We just got notification from OHFA that non-targeted money has been used up totally for the MCC program. Targeted [...]

Columbus Mortgage Rates: :-)….Nice way to end the week!!!!

June 26, 2009 by Steve Wagner · Leave a Comment 

Friends Yesterday afternoon, the Fed’s decided to buy more mortgage backed securities which creates less supply, more demand driving rates down. That is the reason for today’s drop. We got this one figured out. This weekend is Special Olympics Summer Games at OSU where I coach volleyball. It is “have your hands full” for 2.5 [...]

Columbus Mortgage Rates: :-O…yawn!!!! (But I will never complain about a "yawn" again.)

June 25, 2009 by Steve Wagner · Leave a Comment 

Friends Rates did improve some this morning but not enough to get a rate change yet. Yesterday afternoon the Fed’s felt the economy was slightly improving (good news, does not help us out) but they will be buying a trillion plus of mortgage backed securities (which would help us). The market yesterday afternoon starting taking [...]

Columbus Mortgage Market: :-)….FHA inhouse underwriting…FINALLY!!!……YIPEEE

June 24, 2009 by Steve Wagner · Leave a Comment 

Friends The mortgage market improved this morning but again, no clear cut reason why. This afternoon the Federal Reserve is meeting to see if anything will be changing. Everyone is watching and waiting to see what happens there. The Fed has had lots of surprises for us over the past year. 2:15pm this afternoon, anything [...]

Columbus Mortgage Market: :–O…something new

June 10, 2009 by Steve Wagner · Leave a Comment 

Friends Overall, it is going to be a fairly busy week for the financial markets. I think that Thursday will be the single most important day of the week it’s when The Federal Reserve will release its Beige Book. This data details economic conditions throughout the U.S. by region, but as we saw last week, [...]

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