Columbus Mortgage Rates: :-O…Yawn!!!! (…and yawn is just fine with me)

July 8, 2009 by Steve Wagner · Leave a Comment 

Friends Again this morning, all the markets are basically flat. The only significant movement is crude oil going down again this morning over $1.00 a barrel…..I always love that. I think all the markets are still under the July 4th Holiday syndrome. Mortgage Tip of the Day: First Time Homebuyer Bond Money has a provision [...]

Columbus Mortgage Rates: :-O….yawn!!!

June 30, 2009 by Steve Wagner · Leave a Comment 

Friends The market is NOT going in our favor this morning however it hasn’t reflected in today’s rates yet. We may be in for an increase later on today. We’ll see what happens. The reason we were told is the consumer confidence fell for June however, in my opinion, that should make rates go down. [...]

Columbus Mortgage Rates: :-(…..oh well!!!

June 11, 2009 by Steve Wagner · Leave a Comment 

Friends Today, Senator Johnny Isakson, a Republican from Georgia is introducing a tax credit bill of up to $15,000 to ANYONE buying a house. Who knows what will happen or if anything will happen but if you want to wish on something, this would be a good one for today. Also, on a Non-Real Estate/Lending [...]

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, [...]

Columbus Mortgage Market: :–(….I will never whine about boring again!!!

June 9, 2009 by Steve Wagner · Leave a Comment 

Friends The big question among all the finance guys in the country is why doesn’t the Fed use the large stash of cash earmarked for pumping money into mortgage backed securities forcing mortgage rates back down? This past week has been a huge shock to a country fixated on below 5% interest rates. Mortgage Tip [...]

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: :-)…little smile!!!

April 27, 2009 by Steve Wagner · Leave a Comment 

Folks, The mortgage market is in our favor this morning. As you know, bad economic news makes mortgage rates go down. Letting GM and Chrysler collapse is a scary situation that will have ripples in our economy. I was hoping the government would offer an incentive for folks to buy a new car like they [...]

Columbus Mortgage Rates: :-(….I was perfectly happy with yawn but noooooooooo, that couldn't last.

March 10, 2009 by Steve Wagner · Leave a Comment 

Folks, This morning mortgage rates are up because money is flowing from mortgage backed securities to the stock market. We would like to see money flow into the stock market from either those large stashes of money sitting in cash accounts or from some magic Federal pile of stimulus money. There are billions of dollars [...]

Columbus Mortgage Rates: :-)…is it the weekend yet?

March 6, 2009 by Steve Wagner · Leave a Comment 

Folks, First of all, two corrections from yesterday afternoon’s Stimulus Package email. One, I meant to type “interpretation” instead I typed “interruption” An A+ in spelling for all of you who brought that to my attention….but you really knew what I meant. Second, the tax credit is NOT for just true first time home buyers [...]

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) [...]

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