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: Little frown!!

February 16, 2011 by Steve Wagner · Leave a Comment 

Rates are up a little this morning. The reason the analyst are saying is inflation. The core inflation numbers are cause the drift from bonds making our rates go up. MORTGAGE TIP OF THE DAY: The Federal Government is talking about privatizing Freddie Mac and Fannie Mae. What does this mean? Does it mean it [...]

Columbus Mortgage Market: Nice way to start out a snowy Monday!

December 6, 2010 by Steve Wagner · Leave a Comment 

The market was against us dramatically Friday afternoon but went in our favor this morning. Bernanke’s appearance on “60 Minutes” last night seemed to help. He reinforced that fact the government is going to buy $600,000,000 in mortgage backed securities and inflation would stay in check. They would raise rates in order to stop inflation. [...]

Columbus Mortgage Market: Geez Louise, make it stop!

December 2, 2010 by Steve Wagner · Leave a Comment 

There are probably 6 different economic situations happening in the past 24 hours affecting the U.S. and World money markets, all making mortgage rates crazy. Half of these situations I can’t understand. This is all a scary situation. Inflation scares me to death. Something new today I call “Think about this!!!” I think you’ll like [...]

Columbus Mortgage Market: My Lord!

November 15, 2010 by Steve Wagner · Leave a Comment 

This jump up of about .50% over the last week is hopefully an overreaction to the fear of inflation. As you know, rates come down a lot slower than they go up. We will see what the next few weeks will bring. Inflation is NOT our friend, in many ways. Go out there and sell [...]

Columbus Mortgage Market: Inflation is NOT our friend.

November 9, 2010 by Steve Wagner · Leave a Comment 

I found a whole bunch of fascinating facts about the Arlington Cemetery and the Tomb of the Unknown Solider. I will be putting up a new one every day until they are finished. I think you will be interested in these facts. The market moved against us this morning. Can’t see a good reason why [...]

Columbus Mortgage Market: well that was fun for a day!

November 5, 2010 by Steve Wagner · Leave a Comment 

The US Jobs report came out this morning and it was better than expected. That made mortgage rates go back up. Here is the truly scary part about this whole situation. The dollar is doing poor and therefore cruel oil is going up because our dollar is worth less. Our dollar is worth less because [...]

Columbus Mortgage Rates: OMG!

November 4, 2010 by Steve Wagner · Leave a Comment 

There are so many things happening today in the market in conflict with each other it is difficult to understand what is happening. Due to the election yesterday probable gridlock with the government is coming, the weekly job claims were up, productivity came up but the cost of labor was down. The dollar was weaker [...]

Columbus Mortgage Rates: …And the winners are?

October 26, 2010 by Steve Wagner · Leave a Comment 

Inflationary news came out this morning that pushed rates higher. My biggest concern over the next 10 years is high inflation with out of control rates. Inflation makes me very nervous. Go out there and sell something today. INTERESTING LIFE OBSERVATIONS: Shirts get dirty. Underwear gets dirty. Pants? Pants never get dirty, and you can [...]

Columbus Mortgage Rates: 8-(…..On a good note the weather is nice, I feel good and OU won big!!!

March 19, 2010 by admin · Leave a Comment 

Friends: This morning the Fed announced they may increase the rate they charge banks raising the prime rate. This is an inflationary remark which sent the market against us this morning. Inflation is NOT our friend. Stay tuned. Thanks!!! Steve MORTGAGE TIP OF THE DAY: Another big issue between FHA and Conventional financing is the [...]

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