(302) 703-0727

(302) 703-0727

Delaware Mortgage Rates – Market Update – July 31, 2008

John Thomas July 31, 2008

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...

Delaware Mortgage Rates – Market Update – July 30, 2008

John Thomas July 30, 2008

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...

Delaware Mortgage Rates – Market Update – July 29, 2008

John Thomas July 29, 2008

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...

Delaware Adjustable Rate Mortgages

John Thomas July 28, 2008 Tags: , , , , , ,
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Delaware Adjustable Rate Mortgages

Delaware Adjustable Rate Mortgages (ARMs) are mortgage loans with interest rates that can change or adjust.  Delaware ARM loans usually start with lower monthly payments than fixed-rate mortgages because they have a lower “teaser” rate.  With a fixed rate mortgage, the interest rate stays the same during the life of the loan which is the entire term. Call 302-703-0727 to apply for an Adjustable Rate Mortgage or for more information.  You can also APPLY ONLINE

For example, a 30 year fixed rate mortgage has the rate fixed for the entire 30 years.  With an ARM Loan, the mortgage interest rate is only fixed for a set period of time and then changes periodically and payments may go up or down accordingly as the interest rate adjusts. Keep Reading...

Delaware Mortgage Rates – Market Update – July 28, 2008

John Thomas July 28, 2008

Your Daily Advice on whether to float or lock your Delaware Mortgage Rate for your Delaware Home Loan for July 28, 2008.

Mortgage Backed Securities (MBS) are technically looking for a rebound this week and have started off the day up. There isn’t much-scheduled news this week to move the Bond Market so the technicals will be pretty strong, but unexpected news could move this very volatile market in any direction.

My advice is to FLOAT your Delaware Mortgage Rate as it looks like we may have a good day for mortgage-backed securities. Keep Reading...

Delaware First Time Home Buyer Seminar – August 23, 2008

John Thomas July 26, 2008

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, August 23, 2008, at 10:00 AM. The seminar will last about 2 hours and each participant will be able to receive a free copy of their tri-merge credit report. The seminar will cover all of the basics of buying a new home in Delaware. The seminar will cover Delaware FHA loans, Delaware VA loans, My Community loans, First Time Home Buyer Loan Programs, and the Delaware USDA Rural Housing Program.

Each participant will receive a Free Audio CD on Credit Scoring, Credit Scoring Handbook, Homebuying Handbook, and an opportunity to meet with a mortgage planner to be pre-approved to buy a home at the seminar. You will also learn the importance of credit in buying a home and learn valuable tips on how to improve your credit score. Learn what programs are available to help with down payment and closing costs. The new loan limits for conventional and FHA will be covered as well as changes to borrowing 100% financing. Keep Reading...

Realtor Seminar – Keys to Government Financing – Aug. 20, 2008

John Thomas July 24, 2008

There will be a free seminar for real estate professionals on The Keys to Government Financing. The seminar will be on August 20, 2008, and will from 12:30 PM till 2:00 PM with lunch provided and again at 6:30 PM till 8:00 PM with Dinner provided. The seminar is being held at 256 Chapman Rd, Suite 105, Newark, DE 19702.

The seminar will cover Delaware FHA Loans, Delaware VA Loans, and Delaware USDA Loans. We will be sharing in the ins and outs of government financing. These loans are going to be the key to making your business grow and thrive in this new real estate market. We will be providing you with valuable reference materials on FHA, VA, USDA loan programs and how they work in your local market place. We will also be sharing with you ideas that you can implement now to generate new business in the next 30 days. Keep Reading...

Delaware Mortgage Rates – Market Update – July 24, 2008

John Thomas July 24, 2008

Here are the daily thoughts on floating or locking your Delaware Mortgage Rate for today.

The bond market is rallying today and looks to continue that rally.  Lenders will probably even reprice Delaware Mortgage Rates for the better at some point today.

My advice is to keep floating your Delaware Mortgage Rate into tomorrow.  If your lender doesn’t reprice for the better they will come out with better rates tomorrow.

If you need help with obtaining a Delaware Home Loan for the purchase or refinance please feel free to call me at 302-703-0727 or you can APPLY ONLINE HERE. Keep Reading...