Steve Knox

December 1st, 2008
Question: Columbia Funding Mortgage predicted the historically low interest rates that surprised consumers on Tuesday, November 25th.  On what did you base this prediction?
Steve: We closely monitor mortgage backed securities and the release of key economic reports to provide our clients with credible information about the trends in the mortgage market.
Question: In [...]

Question: I recently heard that on January 23rd, 2008 there was a mini-refinance boom in which the 30 year fixed rate dropped to 5.000% (5.124apr). Why was there not more news about this at the time?

Steve: Primarily because the news at that time was about the “mortgage crisis”, and good news did not [...]