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 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 [...]

Columbus Mortgage Rate Update

January 3, 2012 by Steve Wagner · Leave a Comment 

Positive economic news from around the world made interest rates jump up this morning. This also includes the US stock market, gold, mortgage rates and unfortuantely, crude oil which jumped dramatically. MORTGAGE TIP OF THE DAY: On a FHA or conventional loan, if the borrower has 10 payments or less on an installment debt we [...]

Columbus Mortgage Rate Update

December 22, 2011 by Steve Wagner · Leave a Comment 

No movement today in the market. I hope you all bought Gasoline yesterday since it increased $.35 a gallon in one hit. For some reason Crude Oil prices have increased almost $10 a barrel in the past 4 days. Not sure what thats all about. MORTGAGE TIP OF THE DAY: We lenders are not allowed [...]

Columbus Mortgage Rate Update

October 24, 2011 by Steve Wagner · Leave a Comment 

Rates are going slightly against us this morning but not enough to make rates go up. The Stock Market is up, Gold is up, Crude Oil is up, and Mortgage Rates are up slightly. No reason what is causing this. MORTGAGE TIP OF THE DAY: When buying a non-owner occupied property, Fannie does not permit [...]

Columbus Mortgage Rate Update

October 10, 2011 by Steve Wagner · Leave a Comment 

The markets are all going the direction as if our economy was doing better however I think the big issue that is going on right now is the Greece situation is getting fixed making investors more confident in the European markets. This is making money flow from the US markets back to Europe making mortgage [...]

Columbus Mortgage Rate Update

October 6, 2011 by Steve Wagner · Leave a Comment 

All markets have eyes on European and England bailing out Greece from its financial problems. Money is flowing back into European from the US safe havens such as mortgage backed securities. This caused rates to go up this morning along with an increase in Crude Oil, too. That is what triggered yesterdays jump up in [...]

Columbus Mortgage Rate Update

October 3, 2011 by Steve Wagner · Leave a Comment 

The market is going in our direction. Crude Oil again is down, below $80 a barrel. The website, www.columbusgasprices.com shows one station at $2.99 per gallon, many at $3.03 a gallon. MORTGAGE TIP OF THE DAY: The Arlington Bank will do loans on COOP’s. We have only one COOP in Central Ohio that I am [...]

Columbus Mortgage Rate Update

September 21, 2011 by Steve Wagner · Leave a Comment 

The feds are meeting today at 2:15 pm to decide if they should lower rates to help stimulate the economy. Anyone notice other than me that gasoline prices are going down but Crude Oil prices are staying the same, somewhere between $85 and $90 a barrel. What’s up with that? MORTGAGE TIP OF THE DAY: [...]

Columbus Mortgage Rate Update

September 13, 2011 by Steve Wagner · Leave a Comment 

Not much movement today in the markets. OPEC did cut their oil production because of decrease demand worldwide in order to keep the price of oil and gasoline up. I guess you call that blackmail. MORTGAGE TIP OF THE DAY: The Arlington Bank will finance a CO-OP’s in Franklin County. We need at least 25% [...]

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