Friends Yesterday afternoon news started coming out of England concerning major financial deteriorations. This caused the stock market here to go down and mortgage backed securities to increase in … [Read more...]
Columbus Mortgage Market: :-)…super big smile!!! April 2, 1953, here we come (we hope).
May 13, 2009 By Leave a Comment
Friends This morning, retail sales came out and it was worse than expected. As you know, bad news makes mortgage rates go down. We have now equaled again the low we have experienced during the … [Read more...]
Columbus Mortgage Market: :-(….huge frown!!!
May 1, 2009 By Leave a Comment
Friends We aren’t getting this one today, either. Rates took a huge jump up today and there is no apparent reason why. The market has not be going our way all week but no movement in the mortgage … [Read more...]
Columbus Mortgage Rates: :-O…yawn!!!
April 30, 2009 By Leave a Comment
Boys and Girls It’s another one of those days we just don’t get and understand why nothing happened in rates. We thought rates would go up today but nothing. We are just riding the wave. The … [Read more...]
Columbus Mortgage Rates: :-)…little smile!!!
April 27, 2009 By Leave a Comment
Folks, The mortgage market is in our favor this morning. As you know, bad economic news makes mortgage rates go down. Letting GM and Chrysler collapse is a scary situation that will have ripples in … [Read more...]
Columbus Mortgage Rates: :-O…yawn!!!
April 23, 2009 By Leave a Comment
Folks, All the markets are pretty much the same today. No movement in mortgage rates any direction. The mortgage industry is scratching their heads of the suicide of the CFO of Freddie Mac. He was … [Read more...]
Columbus Mortgage Market: :-(….little frown!!!
April 22, 2009 By Leave a Comment
Folks, Money flowed this morning from mortgage backed securities to the stock market. This created low supply, high demand thus making rates slip the wrong direction. It wasn’t enough of a change … [Read more...]
Columbus Mortgage Market: Little :-)……It's the right direction, at least!!!
April 21, 2009 By Leave a Comment
Folks, Our rates improved this morning. It appears to be a result of the stock market doing poor and funds flowing from the stock market to mortgage backed securities. We didn’t get to the point … [Read more...]
Columbus Mortgage Rates: :-O….yawn while I'm scratching my head?
April 14, 2009 By Leave a Comment
Folks, This is another one of those “I don’t get it” days. All the indicators show mortgage rates should be going down but there was only a slight drift downward. There wasn’t enough to make … [Read more...]
Columbus Mortgage Rates: :-O…yawn!! Have a Happy Easter!!!
April 10, 2009 By Leave a Comment
Folks, All the markets are closed today so all we are getting is a leftover from yesterday afternoon’s rates. As you can see, nothing moved yesterday afternoon. Have a Happy Easter!!! Today’s … [Read more...]
Columbus Mortgage Rates: :-)….little smile!!!
April 9, 2009 By Leave a Comment
Folks, The market improved yesterday afternoon dramatically but just as quick as it improved it turned over the wrong way this morning and we are back to where we started. We did see a small … [Read more...]
Columbus Mortgage Rates: :-O…yawn!!! Sure beats going up!!!
April 8, 2009 By Leave a Comment
Folks, Everything looks pretty calm this morning, all the markets are generally stable. No movement with the mortgage rates. Today’s Rates: 4.875%% 30 year fixed (same) … [Read more...]
Columbus Mortgage Rates: :-)….yesss!!
April 7, 2009 By Leave a Comment
Folks, Rates came down this morning and it appears the money came from folk selling their stocks and putting them into safer federal mortgage backed securities. This is the only thing I can see to … [Read more...]
Columbus Mortgage Rates: :-(….ugh!!!
April 6, 2009 By Leave a Comment
Folks, Friday afternoon the mortgage market started going against us and held that same way throughout the weekend and this morning. Things jumped up .125% in rate and can’t give you a good reason … [Read more...]
Columbus Mortgage Market: :-(…hmmmmmmm!!!
April 2, 2009 By Leave a Comment
Folks, Rates when the wrong direction today, as you can see. It appears the market is responding to the G20 news where banks will be changing their accounting rules world wide which trigger funds … [Read more...]
Columbus Mortgage Rates: :-)…yippee!!!
March 31, 2009 By 1 Comment
Folks, Since FHA has become the new way to finance properties at a low down payment, everyone is trying to determine what condo’s are FHA approved. Here is how you do it online. 1. Go to … [Read more...]
Columbus Mortgage Rates: :-O…yawn!!! At least we are holding in the 4%'s
March 30, 2009 By Leave a Comment
Folks, This morning the Government decided NOT to help out GM and Chrysler with more bailout money therefore causing a huge sale of stock putting the money into mortgage backed securities. Our rates … [Read more...]
Columbus Mortgage Market: :-)….the 4%'s are baaaaaaacccccccccccccckkkkk!!!!
March 27, 2009 By Leave a Comment
Folks, We think what happened today is that funds flowed from the stock market, because it is down, to the mortgage backed securities forcing mortgage rates down. Also, the Federal Reserve is also … [Read more...]
Columbus Mortgage Rates: :-O…yawn!! I guess yawn is better than frown!!!
March 25, 2009 By Leave a Comment
Folks, Beginning this morning, the State of Ohio is offering the MCC program. It is for first time homebuyers who have not owned a primary residence in three years, makes under $65,000 a year and … [Read more...]
Columbus Mortgage Market: :-(…..I guess we need a breather!!!
March 23, 2009 By Leave a Comment
Folks, Well, there is talk about the Fed’s buying back a large amount of “toxic” loans from banks which would supposedly loosen up money to loan. We aren’t clear as to what kind of money we … [Read more...]
Columbus Mortgage Rates: :-)…little smile!!!
March 20, 2009 By Leave a Comment
Folks, We were holding our breath this morning that rates would hold another day. As you know, rates go down slow but up quickly. We are in there for another day. Hopefully we will be there all … [Read more...]
Columbus Mortgage Market: :-)…My new best friend, Ben Bernanke and his buddies!!!
March 19, 2009 By Leave a Comment
Folks, This one totally caught us off guard. We totally didn’t see this one coming. Yesterday afternoon, my new best friend Ben Bernanke and his buddies with the Federal Reserve decided to dump … [Read more...]
Columbus Mortgage Market: :-)…yawn, again!!!
March 18, 2009 By Leave a Comment
Folks, The market is going in our favor this morning but not enough to trip rates down another .125% (1/8). We are waiting for the big money to come rolling in from the big investors to market the … [Read more...]
Columbus Mortgage Rates: :-)…I'm liking this!!!
March 13, 2009 By Leave a Comment
Folks, This is one of those days which all the market indicates show our rates should be going up but we’re going down….absolutely no clue why. Today is the last day for “You know you’re from … [Read more...]
Columbus Mortgage Rates: :-)….it’s a great day!!!
March 12, 2009 By Leave a Comment
Folks, Yesterday, the Fed’s offered a bond sale which attracted a large amount of mortgage money. This created a high supply of funds with low demand making rates down from yesterday. We are … [Read more...]
Columbus Mortgage Market: :-)…little smile!!!
March 11, 2009 By Leave a Comment
Folks, Things are holding steady this morning with a slight decrease in rate on the 15 year. My concern with yesterday’s huge increase in the stock market was that it would pull money from the … [Read more...]
Columbus Mortgage Rates: :-(….I was perfectly happy with yawn but noooooooooo, that couldn't last.
March 10, 2009 By Leave a Comment
Folks, This morning mortgage rates are up because money is flowing from mortgage backed securities to the stock market. We would like to see money flow into the stock market from either those large … [Read more...]
Columbus Mortgage Rates: :-O…yawn!!! (Daylight Saving Time is making me yawn, too)
March 9, 2009 By Leave a Comment
Folks, Most of the markets are bouncing around this morning. It didn’t make much of a difference in our actual rates. We are in times that we just have a hard time predicting what is going to … [Read more...]
Columbus Mortgage Rates: :-)…is it the weekend yet?
March 6, 2009 By Leave a Comment
Folks, First of all, two corrections from yesterday afternoon’s Stimulus Package email. One, I meant to type “interpretation” instead I typed “interruption” An A+ in spelling for all of … [Read more...]
Columbus Mortgage Rates: :-)….a little bit!!!
March 3, 2009 By Leave a Comment
Folks, Yesterday afternoon, the stock market went into the tank badly, money was being moved from the stock market to the mortgage backed securities. This morning, money moved back to the stock … [Read more...]
Columbus Mortgage Rates: :-O….yawn!!!! (I'm beginning to like yawn more and more)
February 27, 2009 By Leave a Comment
Folks, I’m really getting into this “good news mode”. Rates didn’t go up today, crude oil is down a couple dollars a barrel. It’s a nice spring day in February. See, who says there is no … [Read more...]
Columbus Mortgage Rates: :-(….ugh again!!!
February 26, 2009 By Leave a Comment
Folks, Let’s talk about something good today, I’m tired of bad news. Let me think, let me think. The temperature is up today, nice and warm. We’re all (somewhat) healthy and happy!! You … [Read more...]
Columbus Mortgage Market: :-O…Yawn again!!!!
February 24, 2009 By Leave a Comment
Folks, All the mortgage markets and all just sitting, watching and waiting to see what the next Federal Stimulus Package will be and what is in it for the housing/mortgage industry. All kinds of … [Read more...]
Columbus Mortgage Market: :-O…yawn!!!
February 23, 2009 By Leave a Comment
Folks, Not a whole lot happening this morning in the money markets. It appears another round of stimulus is coming aimed at the housing industry. We have heard many different strategies from bailing … [Read more...]
Columbus Mortgage Rates: :-)….yeah!
February 20, 2009 By Leave a Comment
Folks, Another rough day in the stock market is a good day for the bond market forcing mortgage rates down. Money is flowing into a safe haven of Federally backed money, mortgage backed securities. … [Read more...]
Columbus Mortgage Rates: :-(….ugh!!
February 19, 2009 By Leave a Comment
Folks, Well, we figured out this one pretty easy today. Wholesale inflation came out this morning for January and it was surprisingly up. Inflation makes mortgage rates go up. That was the cause of … [Read more...]
Columbus Mortgage Rates: :-)….finally!
February 17, 2009 By Leave a Comment
Folks, Looks like today, the stock market is taking a hammering. Money is flowing from the stock market into mortgage backed securities. That is helping mortgage rates this morning. Hopefully some … [Read more...]
Columbus Mortgage Rates: :-)…yippeee!
February 12, 2009 By Leave a Comment
Folks, The stimulus package benefits keep slowly coming down another .125% this morning. Will we get into the 4%’s? We hope so. 4 is not a bad place to live for a long time. Once we get the … [Read more...]
Columbus Mortgage Rates: :-)…yeah!!!
February 11, 2009 By Leave a Comment
Folks, Well, the stock market didn’t like the stimulus package but the mortgage backed securities liked it. Mortgage rates again drifted down from yesterday. As we speak, the market is still … [Read more...]
Columbus Mortgage Market: :-O….again!!!
February 9, 2009 By Leave a Comment
Folks, The battle over the Federal Stimulus Package continues. Sifting through the pork spending vs. true stimulus is the battle at the moment. Of course, we want to see a shot in the arm for … [Read more...]
Columbus Mortgage Market: :-O…yawn!!! ( …but it isn't going up)
February 6, 2009 By Leave a Comment
Folks, Lots and lots of bad news today but nothing that is making rates go down (or up, for that matter). The stimulus package stuck in Congress is keeping mortgage rates stymied. Every day the … [Read more...]
Columbus Mortgage Market: :-O…yawn!!!
February 5, 2009 By Leave a Comment
Folks, Well the big news this morning is one of the new provisions of the Federal Stimulus Package is up to a $15,000 tax credit. We don’t know the specifics. All we know is what we heard on the … [Read more...]
Columbus Mortgage Rates: :-(…Geez Louise!!!
February 4, 2009 By Leave a Comment
Folks, Things just aren’t going our direction for the past couple weeks. I’m sure the battle over the stimulus package in Congress is affecting our rates somehow. We just hope that part of the … [Read more...]
Columbus Mortgage Rates: :-O….yawn!!!
February 2, 2009 By Leave a Comment
Well, the good news is everything stayed the same. Can’t give you a good reason why, though. With the stimulus package up in the air in Congress, there isn’t a good direction of things yet. … [Read more...]
Columbus Mortgage Rates: :-(…again!!!!
January 30, 2009 By Leave a Comment
Folks, Yesterday afternoon was just miserable. The market started shifting away from us starting about noon. What my financial experts told me (thanks Marcy for the insight) is that yesterday large … [Read more...]
Columbus Mortgage Rates: :-(….hmmmmmm!!!
January 29, 2009 By Leave a Comment
Folks, Well, that didn’t last long, one day. In pouring through all the economic things that happened yesterday and today we can only come up with two things that happened yesterday that might … [Read more...]
Columbus Mortgage Market: :-)…..did I tell you I love winter?
January 28, 2009 By Leave a Comment
Folks, As you can see, rates are down this morning. It is my theory and I don’t think I’m alone in this is that all the investors are “managing their pipeline”. What that means is that they … [Read more...]
Columbus Mortgage Market: :-O….Yawn, again!!!
January 27, 2009 By Leave a Comment
Folks, According to the mortgage information I’ve been reading, the lenders have increased their rates approximately .50% (half percent) to let them digest the huge glut of refinances going through … [Read more...]
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