Delaware Mortgage Rates

Delaware Mortgage Rates

Delaware Real Estate Investment Seminar April 18th

John Thomas March 30, 2007 Tags:

Free Real Estate Invesment Seminar on April 18, 2007 from 6:30 PM to 8:00 PM at Primary Residential Mortgage, Inc.  The Seminar is for New Real Estate Investors.  The seminar will show participates how to analysis potential investments, how to aquire the proper financing, what loan programs are available for investors with the current mortgage market, and much more.  Each participate will recieve a Free Audio CD on Real Estate Investing and a Free Investors Kit which includes most forms needed to get started in Investing.  Please Call 302-703-0727to register.  The seminar will be at 42 Reads Way, New Castle, DE 19720. Keep Reading...

How to Establish Good Credit for a Home Loan

John Thomas March 28, 2007 Tags: ,

If you’ve never had credit in your own name, it can be difficult to get a car loan or credit card. Having no credit history can be as much of a problem as having a bad credit history. Students, other young people, and newly divorced or widowed women who have always obtained credit jointly with their husbands often find themselves in this situation.
It seems like a vicious circle: you can’t get credit because you’ve never had credit, but you’ve never had credit because you can’t get credit. What’s a person to do?
Don’t despair. Here are a few tips to help you establish credit in your own name. Keep Reading...

Delaware Mortgage Rates Kick Higher – January 20, 2007

John Thomas January 20, 2007 Tags: , ,

Delaware Mortgage Rates Kick Higher [January 20, 2007]

Delaware Mortgage Rates kicked higher to end the week, right along with the national rates.  The average mortgage rate was up 0.07% (seven basis points) to end the week at 6.35%.  If you have an Adjustable Rate Mortgage  (ARM) that is going to be adjusting soon, refinance now to lock in a low rate.  Feel free to contact me for a free loan analysis and quote on a lower Delaware Mortgage Rate.

I am a Certified Mortgage Planner so will look at your options for not only lowering your rate but helping you put together a long term plan to manage your mortgage to produce significant tax savings over time and to build wealth through equity management. Keep Reading...

Delaware Mortgage Rates Rise as the Stock Market Surges – January 2007

John Thomas January 12, 2007 Tags:

Delaware Mortgage Rates for January 2007

Delaware Mortgage Rates  rose all week as lower oil prices and good economic news allowed the stock market to rally.  The S&P hit an all time high.  The outlook for the stock market going into next week is for a bullish run up.  This means Mortgage Rates in Delaware and across the nation are likely to continue there upward movement.

Mortgage Rates typically move higher when the stock market rallies because this pulls money out of the bond market into the stock market forcing interest rates on the bonds to increase.  Your mortgage is tied to a mortgage backed security which is bought and sold on the bond market.  So if we have a continued rally next week in the stock market we will see even more money moving out of bonds forcing Delaware Mortgage Rates higher. Keep Reading...

Financial News – Week of January 8th

John Thomas January 8, 2007 Tags:

Financial News – Week of January 8, 2007

Employers boosted payrolls by a hefty 167,000 workers in December, 50,000 more jobs than analysts had forecast. With the hiring surge, the unemployment rate remained at a historically low 4.5%, the Labor Department said January 5, 2007.

The U.S. manufacturing sector rebounded in December, according to the Institute for Supply Management (ISM) index, which rose from 49.5 in November to 51.4 in December. An ISM reading below 50 indicates contraction, while above 50 signals expansion.

Orders to U.S. factories for manufactured goods edged up 0.9% in November, less than the 1.4% analysts had expected, the Commerce Department reported January 4. Declining demand for autos, machinery and steel was blamed for the tepid performance. Keep Reading...

Interest Rate vs APR

John Thomas January 7, 2007 Tags: , ,
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Interest Rate vs APR

You are most likely to encounter low mortgage interest rates and low annual percentage rates (A.P.R.) on television commercials or newspaper ads as lenders vie for the attention of potential borrowers looking for the lowest mortgage rates.  This is just a tactic for them to get you to call so they can explain why you don’t qualify for the advertised mortgage interest rate and proceed to sell you on a higher interest rate with higher fees.  So remember the old adage “Buyer Beware”.

A.P.R. was created to provide a way for borrowers to account for costs associated with the mortgage loan. This sounds good because it may not be very easy to choose between a mortgage loan with a lower mortgage interest rate and higher fees or a mortgage loan at a higher mortgage interest rate with low fees. Although APR is supposed to be a shopping tool, its an inaccurate tool at best. While it’s designed to make it easier to compare mortgage loans, it’s sometimes confusing because the A.P.R. includes some, but not all, of the various fees and mortgage insurance premiums that accompany a mortgage loan. And since the federal law that requires mortgage lenders to disclose the A.P.R. does not clearly define what goes into the calculation at the time of this article, A.P.R.s can vary from mortgage lender to mortgage lender and from mortgage loan to mortgage loan. Keep Reading...

Delaware Mortgage Rates Dip Down to end the week

John Thomas January 5, 2007 Tags:
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Delaware Mortgage Rates dipped

Delaware Mortgage Rates dipped down today January 5, 2007 because of the drop in the stock market today.  The drop in the stock market saw money moving out of stocks and into safe assets like mortgage bonds.   The average rate on a 30 year mortgage dipped 0.1% down from the mid week high to 6.29%. Beware websites or TV ads quoting low mortgage rates.  The low mortgage rates quoted are based off factors that most people don’t qualify for and may include discount points that are buying down the mortgage interest rate.  Be sure to contact a Delaware mortgage professional that can explain how the mortgage rates change and how your choice of loan programs can affect your mortgage interest rate.  Call 302-703-0727 to talk to a Delaware loan officer. Keep Reading...

Mortgage Insurance Tax Deductible

John Thomas January 5, 2007 Tags: , , ,
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Mortgage Insurance Tax Deductible

Mortgage Insurance tax deductible in 2007 for some Delaware homeowners. This means for some home owners looking for a 100% financing, it may be cheaper to get  one mortgage with mortgage insurance rather than a piggy back loan.  A piggy loan is a 2nd mortgage loan that is used in conjunction with a first mortgage loan that is only 80% of the purchase price to avoid paying mortgage insurance.  If you have questions about mortgage insurance feel free to call 302-703-0727 to speak to a Delaware Loan Officer. Keep Reading...