Columbus Mortgage Rate Update

February 3, 2012 by admin · Leave a Comment 

Unemployment came out for December and it was better than expected. This makes interest rates go up. We are moving in the wrong direction but not enough to make jump to the next highest rate. MORTGAGE TIP OF THE DAY: I haven’t done this for a while, let’s compare the differences between FHA and Conventional [...]

Columbus Mortgage Rate Update

February 1, 2012 by Steve Wagner · Leave a Comment 

No movement in rates today. An important announcement is coming out Friday that could affect rates either direction. MORTGAGE TIP OF THE DAY: I haven’t done this for a while, let’s compare the differences between FHA and Conventional loans. That’s always useful: 1. FHA tends to have a lower rate than conventional. Usually by .125% [...]

Columbus Mortgage Rate Update

January 31, 2012 by Steve Wagner · Leave a Comment 

Numbers came out today on November home prices in the US and there was a drop. Rates continue to fall in our favor, not enough to make rates trip to the next .125%. MORTGAGE TIP OF THE DAY: I haven’t done this for a while, let’s compare the differences between FHA and Conventional loans. That’s [...]

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 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 26, 2012 by Steve Wagner · Leave a Comment 

Rates are finally down today. New home sales came out this morning for 2011 and it as the worst ever, according the AP News. That bad news helped make mortgage rates go down. MORTGAGE TIP OF THE DAY: I haven’t done this for a while, let’s compare the differences between FHA and Conventional loans. That’s [...]

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 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

January 23, 2012 by Steve Wagner · Leave a Comment 

The market is moving against us again this morning but the only one affected is our jumbo rates. They are still in the 4′s though. Realty Trac this morning published the top worst 100 zip codes in the nation for foreclosures. Fortunately, Ohio did NOT appear on this list. The nearest zip code was in [...]

Columbus Mortgage Rate Update

January 20, 2012 by Steve Wagner · Leave a Comment 

The market is going against us this morning but not enough to make rates jump up. I keep searching for a reason why but it is one of those days where there appears to be no reasonable explanation. MORTGAGE TIP OF THE DAY: I haven’t done this for a while, let’s compare the differences between [...]

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