Columbus Mortgage Rate Update

February 8, 2012 by Steve Wagner · Leave a Comment 

This morning, the European Union was anticipating good news from a meeting with Greece which has made rates and the markets improve. Rates are the same as yesterday but several are on the verge of an increase due to that. We will see how the day goes. MORTGAGE TIP OF THE DAY: FHA treats a [...]

Columbus Mortgage Rate Update

February 7, 2012 by Steve Wagner · Leave a Comment 

The market is going against us slightly this morning. Not enough to make rates go up. The only really hot issue out there is the European/Greece situation. That could make rates go either direction depending on what happens with their economic restructure. MORTGAGE TIP OF THE DAY: When doing a FHA loan, if situations arise [...]

Columbus Mortgage Rate Update

February 6, 2012 by Steve Wagner · Leave a Comment 

Greece is on the verge of defaulting today. Today was a deadline to correct some of their problems and it didn’t happen. That is making our markets go down including mortgage rates. This is helping offset the Friday slight increase in rates. MORTGAGE TIP OF THE DAY: Remember USDA loans are available for those folks [...]

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 24, 2012 by Steve Wagner · Leave a Comment 

The market is in our favor this morning. Standard and Poors announced this morning in their opinion the Greece collaspe is sure to happen. This sent a shock wave there, the world market making rates drift our direction. It wasn’t enough to make rates go down but we were close yesterday to increasing rates in [...]

Columbus Mortgage Rate Update

November 28, 2011 by Steve Wagner · Leave a Comment 

The market is going against us this morning. This weekends spending spree better than expected helped turn the market against us. The word from the big guys monitoring the international markets think that the Greece and Italy situation will not negatively affect us anymore unless the two countries actually default. The part that is puzzling [...]

Columbus Mortgage Rate Update

November 16, 2011 by Steve Wagner · Leave a Comment 

More fears about Europe and the “PIIGS” countries in trouble is rearing it’s ugly head again this morning. Portgual, Spain and Greece are at the top of the Worry list in Europe. That made our mortgage rates go down but pushed up Crude Oil prices dramatically this morning. I highly recommend filling up with gasoline [...]

Columbus Mortgage Rate Update

November 11, 2011 by Steve Wagner · Leave a Comment 

Rates are stable this morning even with things settling down in Italy and Greece. The Stock Market is in our favor, Crude Oil is going up and in theroy we should be increasing but we didn’t. Can’t explain what is up with that. MORTGAGE TIP OF THE DAY: First Time Homebuyer Bond Money folks just [...]

Columbus Mortgage Rate Update

November 7, 2011 by Steve Wagner · Leave a Comment 

Markets are easing off this morning slightly. Greece is still the major factor in our markets and the worldwide markets. MORTGAGE TIP OF THE DAY: When a borrower calls in and requests a mortgage rate we must ask the following questions: 1. Fixed rates, adjustable, or balloon? 2. How many years, 30, 25, 20, 15, [...]

Columbus Mortgage Rate Update

November 4, 2011 by Steve Wagner · Leave a Comment 

Things are holding this morning. Greece seems to be settling down. No change in rates today. MORTGAGE TIP OF THE DAY: The Federal Governemnt has a program called HARP. If you are underwater on your loan (owe more than it’s worth), don’t have a second mortgage and do not have PMI insurance, it’s a great [...]

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