Columbus Mortgage Rate Update

January 10, 2012 by Steve Wagner · 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 a good reason as to why. MORTGAGE TIP OF THE DAY: Junk Fees is a negative term [...]

Columbus Mortgage Rate Update

January 3, 2012 by Steve Wagner · Leave a Comment 

Positive economic news from around the world made interest rates jump up this morning. This also includes the US stock market, gold, mortgage rates and unfortuantely, crude oil which jumped dramatically. MORTGAGE TIP OF THE DAY: On a FHA or conventional loan, if the borrower has 10 payments or less on an installment debt we [...]

Columbus Mortgage Rate Update

December 8, 2011 by Steve Wagner · 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 indicative of that remark. Rates are going to right direction this morning. MORTGAGE TIP OF THE DAY: Priority Mortgage has [...]

Columbus Mortgage Rate Update

November 30, 2011 by Steve Wagner · Leave a Comment 

No movement with the rates this morning. Generally speaking, rates are slightly higher but not enough to make rates go up. The Stock Market is up, Crude Oil is up and Gold is up. All indicative of rates moving upward. MORTGAGE TIP OF THE DAY: Priority Mortgage has available USDA loans. Those loans are made [...]

Columbus Mortgage Rate Update

November 17, 2011 by Steve Wagner · Leave a Comment 

Things are holding steady this morning. Crude Oil is down $1.60 a barrel, Gold is down, Stock Market is down slightly. It’s a weird morning. The European worries is still affecting the US markets. MORTGAGE TIP OF THE DAY: When handling a borrower who is on commission, we ask for their entire tax returns to [...]

Columbus Mortgage Rate Update

November 11, 2011 by Steve Wagner · Leave a Comment 

Rates are stable this morning even with things settling down in Italy and Greece. The Stock Market is in our favor, Crude Oil is going up and in theroy we should be increasing but we didn’t. Can’t explain what is up with that. MORTGAGE TIP OF THE DAY: First Time Homebuyer Bond Money folks just [...]

Columbus Mortgage Rate Update

October 24, 2011 by Steve Wagner · Leave a Comment 

Rates are going slightly against us this morning but not enough to make rates go up. The Stock Market is up, Gold is up, Crude Oil is up, and Mortgage Rates are up slightly. No reason what is causing this. MORTGAGE TIP OF THE DAY: When buying a non-owner occupied property, Fannie does not permit [...]

Columbus Mortgage Rate Update

October 5, 2011 by Steve Wagner · Leave a Comment 

The situation in Greece is again affecting our mortgage market. The EU appears to be on the verge of helping out that country. That made money flow from the US back to Europe, forcing mortgage rates up some. The good news is our Stock Market also went up because of that, Gold is down, Crude [...]

Columbus Mortgage Rate Update

September 27, 2011 by Steve Wagner · Leave a Comment 

It appears the Greece situation and crisis seems to be easing, forcing money to flow back from the US markets to Europe causing rates to go up. Crude Oil is also up this morning a couple dollars a barrel along with our Stock Market, Gold, Silver, everything. This is a weird situation going on. MORTGAGE [...]

Columbus Mortgage Market Update

August 31, 2011 by Steve Wagner · Leave a Comment 

Consumer confidence report came out yesterday which was very poor. That is what made rates fall yesterday morning and during the day yesterday. If you notice the gap between 15 year fixed and 30 year fixed is extremely wide. Normally, this gap is about .50% now it is just about 1 full percent. The Stock [...]

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