Residents of Canal Landing Development on the outskirts of Rehoboth Beach have filed a lawsuit against Louis Capano & Associates and the project’s architect and engineer.

They are charging that design flaws, sloppy work, and poor supervision have serious water damage that threatens the structure of the buildings.  The development contains $500,000 luxury townhomes. Each owner will have to pay about $60,000 to fix up the damage and problems caused.

Article Update – This lawsuit has since been resolved in favor of Canal Landing and all issues have been fixed. The community is now in good standing and it qualifies for mortgage financing. Feel free to call me to refinance or purchase a beautiful townhome in Canal Landing. Keep Reading...

This is my daily advice on floating or locking your Delaware Mortgage Rate for your Delaware Home Loan.

The bond market is getting beaten back from the 25 days moving average.  Bonds are trading lower today as stocks rally ahead of Feds decision.   The outlook for the rest of the week is gloomy for Mortgage Bonds.  If you haven’t locked already I would lock ahead of the Fed Decision later today.

My advice is to LOCK your Delaware Mortgage Rate for your Delaware Mortgage loan.

If you need help with a Wilmington Delaware Mortgage Rate or for a Wilmington Delaware Mortgage Loan, Please feel free to call me (John Thomas) at 302-368-7132 or you can APPLY ONLINE HERE. Keep Reading...

This is my daily advice on floating or locking your Delaware Mortgage Rate for August 4, 2008.

The Core PCE (Personal Consumption Expenditure) was up 0.3% which is greater than the consensus of 0.2%. This is mortgage market unfriendly news along with income up 0.1% which consensus had at -0.2%.  This income factor was affected by tax rebates. The mortgage bonds are down slightly this morning but are hovering above a key level of support.

I suggest FLOATING unless the level of support is broken. Stocks are opening lower so this could push bonds higher. Keep Reading...

This is my daily advice on whether to float or lock your Delaware Mortgage Rate for August 1, 2008.

The jobs loss claims came in better than expected today 52,000 claims versus projections of 72,000.  This is unfriendly news for Delaware mortgage rates which initially caused bonds to move slightly lower.  As the traders have digested the news, the bonds have turned direction and have moved higher.

I am recommending FLOATING your Delaware Mortgage Rate for today, but be in contact with your mortgage professional because today could be volatile and the bond could reverse direction and you would want to lock in your mortgage rate. Keep Reading...

This is my daily advice on floating or locking your Delaware Mortgage Rate for July 31, 2008.

If you took my advice and floated yesterday, then you will be very happy because the mortgage bonds finished up yesterday and are off to a great start today. Look at the graph from yesterday.

We had some very mortgage bond friendly news today. GDP report missed target and jobless claims came in a lot higher than expected. This is all good news for bonds.  Remember the higher the bond moves the lower your Delaware Mortgage Interest Rate will be on a Delaware Home Loan. Keep Reading...

This is your daily advice on floating or locking your Delaware Mortgage Rate.

The mortgage bond market is looking to have a pretty good day even though it started off on a dip this morning from a better than expected jobs report. There aren’t many other data coming in so technically bonds should improve on the day.

I am going to recommend FLOATING your Delaware Mortgage Rate into tomorrow and you should get at least a 1/8 better on the rate.

If you would like a free consultation on refinancing your current Delaware home loan or would like information on purchasing a home in Delaware please feel free to call me (John Thomas) at 302-368-7132 or you can APPLY ONLINE HERE. Keep Reading...

This is my daily advice on floating or locking your Delaware Mortgage Rate for July 29, 2008.

Mortgage Backed Securities started off the day with a big drop which caused rates to come out lower this morning than they ended yesterday.  If you didn’t lock yesterday than floating today would have made the most sense. We bounced off support and finished the day extremely strong. Even with stocks doing very well today we still recovered almost all of the ground we lost early today.  Look at the Graph below.

Keep Reading...