Jobless numbers came out this morning for January and they were better than expected. That good news made mortgage rates go up. The jury is still out, though, on Crude Oil prices stablizing. … [Read more...]
Columbus Mortgage Rate Update
February 29, 2012 By Leave a Comment
The market continues to drift in our direction. We popped down .125% this morning on 30 year fixed. Europe continues to be a factor in the movement of rates in the US. MORTGAGE TIP OF THE … [Read more...]
Columbus Mortgage Rate Update
February 28, 2012 By Leave a Comment
The market again is in our favor. We are very close to tripping down to another .125% in rates. Durable goods came out this morning and it was less than was expected. This is an indication of still … [Read more...]
Columbus Mortgage Rate Update
February 24, 2012 By Leave a Comment
The market is going in our direction this morning. Can't give you a good reason why. Nothing changed though to make anything to do down by .125% MORTGAGE TIP OF THE DAY: USDA loans are loans … [Read more...]
Columbus Mortgage Rate Update
February 23, 2012 By Leave a Comment
Things look pretty calm and mild today. Crude Oil came down a bit in the past 24 hours. This is the main cause of the suddenly jump up in mortgage and gasoline prices. MORTGAGE TIP OF THE … [Read more...]
Columbus Mortgage Rate Update
February 15, 2012 By Leave a Comment
Rates are slightly in our favor again this morning but I don't see a good reason why. China has offered to help out Greece by investing in them and the congress approved the extension of the payroll … [Read more...]
Columbus Mortgage Rate Update
February 13, 2012 By Leave a Comment
The market is drifting against us this morning as an austerity agreement was signed with Greece this weekend. Money will start flowing from the US back to the EU. We will see how this holds up as … [Read more...]
Columbus Mortgage Rate Update
February 10, 2012 By Leave a Comment
The market is improving in our direction. Talks have stalled with Greece because to fix the problem there's an austerity program that will have to be implemented. The population who has been used to … [Read more...]
Columbus Mortgage Rate Update
February 8, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
February 3, 2012 By 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. … [Read more...]
Columbus Mortgage Rate Update
February 1, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
January 31, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
January 30, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
January 27, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
January 26, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
January 25, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
January 24, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
January 23, 2012 By 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 … [Read more...]
Columbus Mortgage Rate Update
January 20, 2012 By 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. … [Read more...]
Columbus Mortgage Rate Update
January 19, 2012 By Leave a Comment
The market moved against us this morning with good bank earnings news and some postive economic news. Good economic news makes mortgage rates go up. MORTGAGE TIP OF THE DAY: I haven't done … [Read more...]
Columbus Mortgage Rate Update
January 18, 2012 By Leave a Comment
The markets are pretty much flat this morning. No movement either direction. Gold is down a small amount. The World Bank is warning of a worldwide recession. What else is new there? … [Read more...]
Columbus Mortgage Rate Update
January 13, 2012 By Leave a Comment
Two things happened this morning with bad news forcing mortgage rates down. Chase Bank, the nations largest bank, posted lower earnings than expected. Also, it was reported this morning that the … [Read more...]
Columbus Mortgage Rate Update
January 10, 2012 By Leave a Comment
No movement today on any of our rates. The market is general is moving against us but not enough to make rates go up. Stock markets up, Gold is up, Crude Oil is unforunately up, etc. Couldn't read … [Read more...]
Columbus Mortgage Rate Update
December 29, 2011 By Leave a Comment
The market was slightly in our favor today but not enough to make rates drift down to the next .125%. Unemployment came out this morning and it was not as good as expected. Crude Oil is down a … [Read more...]
Columbus Mortgage Rate Update
December 22, 2011 By Leave a Comment
No movement today in the market. I hope you all bought Gasoline yesterday since it increased $.35 a gallon in one hit. For some reason Crude Oil prices have increased almost $10 a barrel in the past … [Read more...]
Columbus Mortgage Rate Update
December 21, 2011 By Leave a Comment
No movement in rates today. The European situation is on a real roller coaster. One day things are going good the next day things are fading. My worry is Crude Oil is shooting up again this week … [Read more...]
Columbus Mortgage Rate Update
December 20, 2011 By Leave a Comment
Hopes rise today in Europe over the financial situation plus the housing starts in the US were higher than expected. The market is moving against us this morning but not enough to make rates go up by … [Read more...]
Columbus Mortgage Rate Update
December 16, 2011 By Leave a Comment
Not much movement this morning on the economy front. The really good news is Crude Oil took a huge plunge this week. Down more than $8 a barrel in 5 days....WOW. MORTGAGE TIP OF THE … [Read more...]
Columbus Mortgage Rate Update
December 9, 2011 By Leave a Comment
The market continues to drift in our direction this morning. The big issue still is the uneasiness of the European markets and how that will affect the world markets including the US mortgage bond … [Read more...]
Columbus Mortgage Rate Update
December 8, 2011 By Leave a Comment
The European Central Bank President this morning made a cautious remark that made the entire world money markets nervous. Stock Market is down, Bond Market is down, Gold is up, Crude Oil is down. All … [Read more...]
Columbus Mortgage Rate Update
November 15, 2011 By Leave a Comment
The mortgage market is stable. Crude Oil went up $1.00 a barrel this morning and Gold is up. Both not good signs. MORTGAGE TIP OF THE DAY: 48 hours before closing, we check with the … [Read more...]
Columbus Mortgage Rate Update
November 4, 2011 By 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 … [Read more...]
Columbus Mortgage Rate Update
September 15, 2011 By Leave a Comment
Job news came out this morning and it was again poor however it looks as though Greece is going to get bailed out of their financial problems making our rates go up. I welcome today on my “daily … [Read more...]
Columbus Mortgage Rate Update
August 26, 2011 By Leave a Comment
The GNP for the 2nd quarter came out this morning and it was not good. That made rates go the right direction. It was not enough to make rates tick down to the next .125% but we are close. Crude … [Read more...]
Columbus Mortgage Rates Update
August 24, 2011 By Leave a Comment
Generally, the markets are all rebounding from last week’s bad economic news where the S&P lowered the U.S.’s credit rating. That sent rates down to a historic level. The general mood is … [Read more...]
Columbus Mortgage Market Update
August 17, 2011 By Leave a Comment
This is one of those days that we have no clue why rates have gone down. We are just sitting here scratching our heads. MORTGAGE TIP OF THE DAY: PMI companies will not do PMI insurance … [Read more...]
Columbus Mortgage Rate Update
August 8, 2011 By Leave a Comment
This is too crazy. We had no idea this morning what was going to happen. It turns out, folks are selling their stocks due to the S&P downgrading. Folks sold their stocks but bought mortgage backed … [Read more...]
Columbus Mortgage Rate Update
July 5, 2011 By Leave a Comment
Movement is in our favor this morning but not enough to make rates go down to the next .125%. Crude Oil is up this morning. I heard on the news this weekend one of the reasons gasoline prices went … [Read more...]
Columbus Mortgage Rates Update
June 13, 2011 By Leave a Comment
Rates are the same as last week. There is downward pressure. The stock market is doing poor, a fair amount of bad economic news has been coming out which pushes rates down. It appears the refinery … [Read more...]
Columbus Mortgage Market Update
June 9, 2011 By Leave a Comment
The market pressures are pushing upward. Crude Oil is also up this morning to over $102.00 a barrel. MORTGAGE TIP OF THE DAY: Second homes need at least 10% down minimum. THOUGHT OF THE … [Read more...]
Columbus Mortgage Market Update
May 25, 2011 By Leave a Comment
The market recovered yesterday afternoon to the point of the previous day. The word I keep hearing on the radio is that a major oil refinery in the Midwest is down and that should shoot up the price … [Read more...]
Columbus Mortgage Rate Update
May 20, 2011 By Leave a Comment
Crude Oil is down this morning with pressure on rates downward. MORTGAGE TIP OF THE DAY: We are required to make sure a borrower has been on their current job at closing at least 30 days prior to … [Read more...]
Columbus Mortgage Market Update
May 17, 2011 By Leave a Comment
Rates are drifting down our direction this morning. Crude Oil is down again…..$96.50 a barrel from a high of $115.00 barrel. Every drop in Crude Oil by $1 reduces gas prices by $.022 a gallon. … [Read more...]
Columbus Mortgage Rates Update
April 19, 2011 By Leave a Comment
Yesterday, a major event happened that will be long remembered. Standard and Poors down graded the U.S. Government’s credit worthiness. That had to do with the tremendous federal debt that keeps … [Read more...]
Columbus Mortgage Market Update
April 18, 2011 By 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 … [Read more...]
Columbus Mortgage Rates Update
April 8, 2011 By Leave a Comment
The cause of this bump up today is the Federal Government NOT passing a budget with a possible shutdown. I just wish they would use a different term other than “non-essential” employees. Here at … [Read more...]
Columbus Mortgage Market Update
April 5, 2011 By Leave a Comment
The market is holding this morning. Crude oil is down a hair. MORTGAGE TIP OF THE DAY: Beginning Monday, April 18, 2011 FHA will increase the monthly MIP fee from .90% to 1.15%. This date is … [Read more...]
Columbus Mortgage Rates Update
March 25, 2011 By Leave a Comment
Everything is holding this morning. Crude Oil is down just a hair. MORTGAGE TIP OF THE DAY: Remember “Grants for Grads”. It is designed for those first time home buyers who graduated from … [Read more...]
Columbus Mortgage Market Update
March 24, 2011 By Leave a Comment
European and Asia markets are rebounding making money flow from the mortgage backed securities. MORTGAGE TIP OF THE DAY: Remember, on Monday, April 18, 2011 the MIP insurance on FHA loans will … [Read more...]
Columbus Mortgage Rates: Little frown!!
March 7, 2011 By Leave a Comment
Crude Oil is up again today but mortgage backed securities are down We should have an increase in rate but nothing yet. MORTGAGE TIP OF THE DAY: The new Welcome Home down payment assistance … [Read more...]
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