Columbus Mortgage Rate Update

October 26, 2011 by Steve Wagner · Leave a Comment 

The US markets are going slightly against us from yesterday but not enough to make rates go up a full .125%. This afternoon the European Union is voting concerning the Greece bail out. Depending on how this vote goes, it will probably make a dramatic change in rates. Yesterday, Germany and Italy was fighting over [...]

Columbus Mortgage Market Update

August 25, 2011 by Steve Wagner · Leave a Comment 

European debt worries is the cause of rates coming down this morning. As you probably know, also the Stock Market is down for the same reason. Crude Oil is down this morning too. MORTGAGE TIP OF THE DAY: MIP Insurance is ALWAYS on a FHA loan regardless of the down payment. Conventional loans only require [...]

Columbus Mortgage Market Update

April 18, 2011 by Steve Wagner · Leave a Comment 

The current administration promising to cut the deficit by $4 trillion is helping out mortgage rates. MORTGAGE TIP OF THE DAY: Remember, this morning FHA loans MIP insurance that is IN the payment will increase for a 30 year fixed from .90% to 1.15%. 15 years will increase from zero to either .25% or .50% [...]

Columbus Mortgage Market: Power is finally back on!

February 2, 2011 by Steve Wagner · Leave a Comment 

The market is again against us but not enough to make rates go up today. We have electric, we have heat. A lot more snow and ice up here in UA than downtown. Someone emailed me a few safety tips that I found interesting and useful. I thought I would share them with you over [...]

Columbus Mortgage Rates: Here we go!

October 14, 2010 by Steve Wagner · Leave a Comment 

Yesterday afternoon folks started buying mortgage backed securities which pushed the rates down yesterday afternoon and this morning. This caused a drop in rates. Go out there and sell something today. INTERESTING LIFE OBSERVATIONS: I think part of a best friend’s job should be to immediately clear your computer history if you die. MORTGAGE TIP [...]

Columbus Mortgage Market

September 8, 2010 by Steve Wagner · Leave a Comment 

Go out there and sell something today. MORTGAGE TIP OF THE DAY: MIP insurance for FHA loans will be changing effective on loan locked on October 4, 2010 and after. The upfront MIP insurance is going from 2.25% to 1.00%. The monthly MIP is going from .55% to .90%. These changes will make the customers [...]

Columbus Mortgage Market: …Dang!

June 3, 2010 by Steve Wagner · Leave a Comment 

Several of the markets are turning back around making mortgage rates go back up. The dollar is still getting stronger, though. Crude Oil has been going up lately and as you probably noticed, gasoline took a jump up yesterday. Go out there and sell something today. MORTGAGE TIP OF THE DAY: MIP and PMI are [...]

Columbus Mortgage Market: Little 8-(…..Hmmmmmm!!!!

April 2, 2010 by Steve Wagner · Leave a Comment 

Friends: Rates took a small shift up this morning. All the markets are closed due to Good Friday so not sure what is up with that. Thanks!!! Steve MORTGAGE TIP OF THE DAY: Today is the last day a FHA loan can be locked in at the upfront 1.75% MIP insurance. It is going up [...]

Columbus Mortgage Rates: Little 8-)…Yeah!!!

March 30, 2010 by Steve Wagner · Leave a Comment 

Friends: The market is pretty well flat this morning but had a bounce down on the 15 year fixed. Thanks!!! Steve MORTGAGE TIP OF THE DAY: Beginning next Monday, April 6, 2010 upfront MIP insurance on FHA Loans will be going from 1.75% to 2.25%. The insurance in the payment will be going from .55% [...]

Columbus Mortgage Rates: 8-0…yawn!!!!

March 11, 2010 by Steve Wagner · Leave a Comment 

Friends: The market is slightly against us this morning but not enough to make rates go up. Thanks!!! Steve MORTGAGE TIP OF THE DAY: MIP insurance on FHA loans will be increasing being April 5, 2010. It will be going from 1.75% upfront to 2.25%. The rate in the payment, however, will be going down [...]

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