Columbus Mortgage Market: :-(…..I was really getting into boring!!!

June 8, 2009 by Steve Wagner · Leave a Comment 

Friends Friday afternoon was an awful time with rates jumping every hour. It appears things have stabilized this morning even going slightly in our favor. I sure hope the party isn’t over with rates in the 4%’s but it isn’t looking good. Inflation or the threat of inflation appears to be rearing its ugly head. [...]

Columbus Mortgage Rates: :-)…Yes sir!!! My favorite number is "4".

May 12, 2009 by Steve Wagner · Leave a Comment 

People The market went in our favor yesterday afternoon and again this morning forcing the 30 year fixed rate down to below 5% again. My concern is crude oil prices increasing along with gas prices. I’m worrying about long term inflation and is this the start of it? Mortgage Tip of the Day: Did you [...]

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 [...]

Columbus Mortgage Rates: :-O….Yawn!!!

December 19, 2008 by Steve Wagner · Leave a Comment 

Folks, Just a recap of what in general is happening. As you know, America was thrust into a recession due to the Sub-prime housing situation. What really pushed us over the edge with crude oil prices going up to $147 a barrel last summer making gasoline prices over $4.00 a gallon. This recession is one [...]

Columbus Mortgage Market: :-~….craziness!!!!

December 18, 2008 by Steve Wagner · Leave a Comment 

Folks, My goodness, I have never seen such chaos in my 35 years of mortgage lender as I did yesterday. We figured out that into the 4’s is the threshold the world is looking for. We feel the market is there but all the lenders pulled back yesterday about noon when all their systems became [...]

Columbus Mortgage Market: Huge :-)…..Brace yourself!!!!

December 17, 2008 by Steve Wagner · Leave a Comment 

Folks, This is a very exciting morning. Yesterday Fed funds rate cut pushed us to a historic low where 30 and 15 year fixed are below 5.000%….unbelievable. There isn’t a direct relationship to the Fed funds rate to mortgage rates but that general drift down is there. Anyone been watching the dollar vs. the Euro? [...]

Columbus Mortgage Market: :-)…God I love this stuff!!!

December 4, 2008 by Steve Wagner · Leave a Comment 

Folks, Well, that market started turning around for us yesterday afternoon as members of the Fed met to discuss the lending situation. That meeting went well in our favor for rates. We have now met the 55 year low that hit in July of 2008. Do we have more to go? That’s the question of [...]