Tag john r thomas

Tag john r thomas

New Castle County will no longer Exempt Fannie Mae & Freddie Mac from Transfer Tax effective June 14 2012

John Thomas May 12, 2012 Tags: , , , , , , , ,

New Castle County Delaware ruled that effective June 14, 2012 Fannie Mae and Freddie Mac will NO LONGER be exempt from transfer taxes on the sale of homes.

The New Castle County law department has recently ruled on transfer taxes on transactions involving Fannie Mae (Federal National Mortgage Company) or Freddie Mac (Federal Home Loan Mortgage Company). Historically, purchases from these entities have been treated as exempt from transfer tax as a conveyance from a governmental agency. In fact, Fannie Mae and Freddie Mac are NOT governmental agencies – they are federally chartered private corporations. New Castle County has decided to enforce that distinction starting on June 14, 2012. Keep Reading...

Delaware Mortgage Rate Weekly Update for May 7 2012

John Thomas May 7, 2012 Tags: , , , , , ,

Delaware Mortgage Rates Weekly Update for May 7, 2012 by John R. Thomas from Primary Residential Mortgage in Newark, Delaware.  John is the branch manager of the Newark office and is the author of the best selling book, Your Guide to Buying Your First Home in Delaware.  John provides advice on floating or locking your Delaware mortgage interest rate each week in the update.  You can call 302-703-0727 to schedule a free mortgage consultation or your can APPLY ONLINE for Delaware mortgage loan

Delaware mortgage rates weekly update by John Thomas Keep Reading...

Delaware Mortgage Rates Weekly Update – April 16 2012

John Thomas April 16, 2012 Tags: , , , , , ,

Delaware mortgage rates weekly update for week of April 16, 2012 from John R. Thomas with Primary Residential Mortgage in Newark, Delaware.  Advice on floating or locking your Delaware mortgage interest rate and update on the latest financial news affecting mortgage rates.  Call 302-703-0727 to schedule a free mortgage consultation or APPLY ONLINE for Delaware Mortgage Loan.

Delaware mortgage rate weekly update with John R. Thomas

Delaware mortgage rates once again have touched all time lows as the mortgage bond market has been able to recover over the last 2 weeks after a Three week sell off.  The big interest rate mover last week were the two reports on inflation which showed inflation subdued.  The PPI (Producer Price Index) was released and came in at expectations which was great news.  The PPI is a measure of wholesale inflation which measures the cost to produce goods and services.  The CPI (Consumer Price Index) was also released last week and came in at expectations as well which was also good news.  The CPI came in at 2.3% and this measures inflation at the consumer level. Keep Reading...

Delaware Mortgage Rate Weekly Update for February 27 2012

John Thomas February 27, 2012 Tags: , , , ,

Delaware mortgage rate weekly update for the week of February 27, 2012 with John R. Thomas from Primary Residential Mortgage in Newark, Delaware.  Advice on Floating or Locking your Delaware mortgage interest rate.  Call 302-703-0727 for a free mortgage planning consultation or APPLY ONLINE.


 Delaware mortgage rates improved at the end of last week breaking the trend from the previous week that saw interest rates rising.  The mortgage bond is now trending higher again which means mortgage rates are trending lower.  The pattern for the past couple of weeks has been like a roller coaster.  I recommend FLOATING your Delaware mortgage rate as we see if trend of lower rates can hold.  We need to watch the PCE report this week which is meaure of inflation, if this comes out hotter than expected we could see rates reverse and trend higher again. Keep Reading...

Delaware Mortgage Rates Weekly Update February 20 2012

John Thomas February 20, 2012 Tags: , , , ,

Delaware mortgage rates weekly update for week of February 20, 2012 by John R. Thomas from Primary Residential Mortgage.  Call 302-703-0727 for a free mortgage planning consultation or APPLY ONLINE.

 Delaware mortgage rates weekly update for February 20, 2012 by John R. Thomas

Delaware mortgage rates ended last week higher after some good economic news and a hot reading on inflation.  The good news helped push the stock market higher pulling money out of the bond market which moved mortgage interest rates higher.   The good news released last week included the following: Keep Reading...

Is Your Delaware Loan Officer Licensed?

John Thomas February 20, 2012 Tags: , , , , ,

How can you check to see if your Delaware loan officer is licensed to do business as a loan originator and even if they are licensed to do business in Delaware?  It is real easy to check, every loan originator is required to have a loan originator license number with the National Mortgage Licensing System (NMLS).  You can look up anybody at the following website:

www.nmlsconsumeraccess.org

You should always check to see if a loan officer is licensed and they should always be able to provide you with their NMLS number.  For example, my NMLS is 38783 so you can look me up by name or NMLS number.  Once you find me, it will tell you what company I work for, what states I am licensed to do business in and if my licensed is active or expired.  See below for picture from NMLS consumer website: Keep Reading...

Delaware Mortgage Rates Weekly Update for February 13, 2012

John Thomas February 13, 2012 Tags: , , , , ,

Delaware Morgage Rates Weekly Update for February 13, 2012 by John R. Thomas with Primary Residential Mortgage in Newark, Delaware.  Call 302-703-0727 for a free mortgage planning consultation or APPLY ONLINE.

 Delaware mortgage rates weekly update by John R. Thomas

Delaware mortgage rates have started the week slightly higher as bond market has sold off last week and started a downward trend.  When bond prices move down mortgage interest rates move up.  The stock market has been having a great start to 2012, S&P is up 7.5% year to date as of February 10, 2012, this has taken money out of the bond market causing home loan rates to rise from historic lows. Keep Reading...

Delaware Mortgage Rates Weekly Update for January 30 2012

John Thomas January 30, 2012 Tags: , , , , ,

Delaware mortgage rates weekly update for January 30, 2012 by John R. Thomas from Primary Residential Mortgage.  Call 302-703-0727 for a free mortgage consultation if you are planning to purchase or refinance a home in Delaware or APPLY ONLINE.

 Delaware mortgage rates weekly update for January 30 2012

Delaware mortgage rates touched all time lows again when the mortgage bonds were tradered to all time record high on the news that Europe punted on fixing the debt concerns, Federal Reserve extend forecast for low rates from 2013 to end of 2014 which signals economy is not expected to rebound anytime soon, and the GDP report showing only a 2.8% versus the expected 3.2%. Keep Reading...