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How To Cancel Mortgage Insurance

John Thomas September 4, 2021 Tags: how long to pay mortgage insurance on fha loan, how to calculate monthly mortgage insurance on fha loans, how to cancel mortgage insurance on fha loan, how to cancel mortgage insurance premium (mip), how to cancel mortgage insurance premium mip loan, how to get rid of mortgage insurance on my fha loan, how to remove private mortgage insurance on fha loan

Private mortgage insurance might be one of the costs that you most hate to pay when you send in your mortgage payment each month. If you would like to learn more on how to cancel mortgage insurance, give the John Thomas team a call at 302-703-0727 or APPLY ONLINE

PMI stands for Private Mortgage Insurance and is a type of mortgage insurance that buyers are typically required to pay for on a Conventional Loan when they make a down payment that is less than 20% of the home’s purchase price. Mortgage Insurance on government backed loans is simply called MI for Mortgage insurance and is treated differently than PMI. Keep Reading...

Mortgage Rates Weekly Update [August 4 2019]

John Thomas August 4, 2019 Tags: Delaware Mortgage Rates, mortgage rates, mortga\ges

Mortgage Rates Weekly Update for August 4, 2019

Mortgage Rates Update for August 4, 2019 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware Loan Officer and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 for a Rate Quote or Apply Online for Rate Quote

Mortgage Rates moved lower last week as mortgage bonds rallied after the Federal Reserve announced 0.25% reduction in Feds Funds Rate. If you look at the mortgage bond chart below you can mortgage bonds were able to break through tough ceiling of resistance last week and rally much higher moving mortgage interest rates to the lowest seen in 2.5 years. Mortgage bonds are sitting just below next ceiling of resistance and with US Treasuries making a run at lower yields, we are recommending carefully FLOATING Your mortgage rate to start the week to see if mortgage bonds can make a run at the resistance level. Keep Reading...

Mortgage Rates Weekly Update [July 14 2019]

John Thomas July 14, 2019 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for June 2, 2019

Mortgage Rates Update for July 14, 2019 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware Loan Officer and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 for a Rate Quote or Apply Online for Rate Quote

Mortgage Rates moved higher last week after following through on a sell off started the previous Friday. If you look at the mortgage bond chart below you an see red candle on Friday July 6th and ended at floor of support which held Monday of last week but Tuesday we broke through Support and battled it till Thursday and bad Auction sent mortgage bonds on a sell off through the next floor of support at the 25 day moving average which is now acting as a ceiling of resistance. Mortgage bonds did end on Friday with a green candle as bond moved back up towards the 25 moving average but were turned lower. We are recommending LOCKING your mortgage rate if closing in the next 30 days as there is plenty of room for mortgage bonds to get worse before the next floor of support and a tough overhead resistance at 25 day moving average. Long term outlook is still for mortgage rates to move lower but short term trend is bearish. Keep Reading...

Mortgage Rates Weekly Update [June 2 2019]

John Thomas June 2, 2019 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for June 2, 2019

Mortgage Rates Update for June 2, 2019 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware Loan Officer and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 for a Rate Quote or Apply Online for Rate Quote

Mortgage Rates ended last week at the lows of the year as mortgage bonds were able to break above a very tough ceiling of resistance after stock market sold off from Tariffs threatened against Mexico by President Trump. If you look at the mortgage bond chart below, you can see the big green candle on Friday that closed well above ceiling of resistance. If mortgage bonds can confirm this break above the resistance on Monday then we could see mortgage rates move even lower so we are recommending FLOATING Your mortgage rate to start the week. Keep Reading...

Mortgage Rates Weekly Update [May 20 2019]

John Thomas May 20, 2019 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for May 20, 2019

Mortgage Rates Update for May 20, 2019 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware Loan Officer and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 for a Rate Quote or Apply Online for Rate Quote

Mortgage Rates ended the week last week where they started but move higher to start this week as mortgage bonds failed to close above resistance. If you look at the mortgage bond chart below you can see mortgage bonds lost momentum last Thursday after mortgage bonds fell back below resistance. Then mortgage bonds sold off again on Friday after failing to move above resistance. Monday mortgage bonds fell through to the downside and mortgage rates moved higher. We recommend LOCKING your mortgage rate since bonds are selling off in the short term. Keep Reading...

Mortgage Rates Weekly Update [May 12 2019]

John Thomas May 12, 2019 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for May 12, 2019

Mortgage Rates Update for May 12, 2019 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware Loan Officer and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 for a Rate Quote or Apply Online for Rate Quote

Mortgage Rates ended the week right where they started as mortgage bonds failed to mount a rally. If you look at the mortgage bond chart below, you can see mortgage bonds rallied each day with long candle but closed down with the red candle. Mortgage bonds still closed above the 25 day moving average which is acting as a strong floor of support so we are recommending FLOATING Your mortgage rate to see if bonds can mount a rally and move mortgage interest rates lower. Keep Reading...

Mortgage Rates Weekly Update [May 5 2019]

John Thomas May 5, 2019 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for May 5, 2019

Mortgage Rates Update for May 5, 2019 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware Loan Officer and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 for a Rate Quote or Apply Online for Rate Quote

Mortgage Rates ended the week about where they started after a roller coaster week for bonds. If you look at the mortgage bond chart below, you can see mortgage bonds started the week selling off on Monday with Red Candle and broke below important floor of support at 25 moving average. Bonds were able to rally higher on Wednesday after Fed Meeting but lost steam sold back off to end the day. Bonds were not able to break above the 25 day moving average until Friday when Jobs Report showed lower inflation data. Keep Reading...

Mortgage Rates Weekly Update [April 28 2019]

John Thomas April 29, 2019 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for April 28, 2019

Mortgage Rates Update for April 28, 2019 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware Loan Officer and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 for a Rate Quote or Apply Online for Rate Quote

Mortgage Rates moved lower last week as mortgage bonds rallied off support. If you look at the mortgage bond chart below you can see mortgage bonds rallied off floor of support on Tuesday and broke through a tough ceiling of resistance on Friday putting mortgage bonds into position to follow through and rally higher in the coming week. We are recommending FLOATING Your mortgage rate to start the week to see if mortgage bonds can stay above the 25 moving average and continue to rally higher. Keep Reading...