Columbus Mortgage Rates: 8-0….Yawn!!! Another boring day in mortgage loan land.

November 19, 2009 by Steve Wagner · Leave a Comment 

Friends: The market is going in our favor this morning. Not enough to make rates change down. Stock market is down, bond market in our favor, crude oil down, dollar up. All the indicators which should force our rates down. Thanks!!! Steve Mortgage Tip of the Day: Fannie Mae will make a loan on a [...]

Columbus Mortgage Rates: :-)….a little bit!!!

March 3, 2009 by Steve Wagner · 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 market making our mortgage rates go back to where they were before. The bottom line is, things are pretty much the same as [...]

Columbus Mortgage Rates: :-O…yawn…and I'm ok with that!!!

March 2, 2009 by Steve Wagner · Leave a Comment 

Folks, The Asian markets opened this morning bad which we then followed with our stock market doing poor, under 7,000. Money seemed to flow from the stock market to the mortgage bond markets but not enough to make mortgage rates go down. The rumor in the financial markets is that the government will announce Wednesday [...]

Columbus Mortgage Market: :-(….yuck!

February 16, 2009 by Steve Wagner · Leave a Comment 

Folks, As you know all the U.S. markets are closed today. The only price changes we are getting in today are those reacting to Friday afternoon’s news. Some of our investors only change once a day, period. We’ll see what reaction comes tomorrow. Asian markets opened up this Monday very bad. I’m concerned the media [...]

Columbus Mortgage Rates: :-)…yeah!!!

February 11, 2009 by Steve Wagner · 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 drifting in our favor. I think what really happened was money shifted yesterday from the stock market to something more secure such as federally [...]

Columbus Mortgage Market: :-O…yawn!!! ( …but it isn't going up)

February 6, 2009 by Steve Wagner · 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 stimulus package keeps changing with new provisions in, old ones thrown out. I hope you all are remembering this. These [...]

Columbus Mortgage Rates: :-(….hmmmmmm!!!

January 29, 2009 by Steve Wagner · 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 affect those rates. The Fed’s decided not to cut rates yesterday afternoon and the House of Representatives passed a stimulus $800 billion+ [...]

Columbus Mortgage Market: :-O….yawn!!!

January 26, 2009 by Steve Wagner · Leave a Comment 

Folks, The market is pretty much the same place it was Friday. Our rates are the same. I don’t know about you but I’m sick of listening to gloom and doom. Everything I read and hear is just so negative. I did hear this weekend on the news that only 13,500 houses were on the [...]

Columbus Mortgage Market: :-O…yawn, again!!! (better than a frown, though)

January 22, 2009 by Steve Wagner · Leave a Comment 

Folks, Yesterday afternoon our mortgage market rates took a dive the wrong way but rebounded this morning. We are back where we started yesterday. Again, we can’t make heads or tails of the market and why rates are responding as they are. We are just hoping this is a bump in the “mortgage loan rate” [...]

Columbus Mortgage Rates: :-(….Hmmmmm?

January 12, 2009 by Steve Wagner · Leave a Comment 

Folks, I wish I could give you a spectacular explanation today as to why mortgage rates went up but we can see absolutely no reason for that today. Crude Oil is down dramatically from last week, back in the mid to upper $30’s a barrel. We are stumped today as for a good solid reason [...]

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