(302) 703-0727

(302) 703-0727

Delaware Real Estate Investors Seminar – Jan. 27th, 2007

John Thomas January 6, 2007 Tags:

Delaware Real Estate Investors Seminar January 27, 2007

There will be a free seminar covering the financing options available for Real Estate Investors.  The seminar will be January 27th, 2007 at 42 Reads Way, New Castle, DE 19720.  The seminar will be from 10:00 AM till 12:00 PM. Please register by calling 302-703-0727.  Various strategies will be presented for investing in real estate in the tri-state area.

If you would like to apply for a Delaware Home Loan, you can APPLY ONLINE HERE, you can call John R. Thomas at 302-703-0727.

John R. Thomas – NMLS 38783 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...

Delaware Mortgage Rate Update 2007

John Thomas January 1, 2007 Tags:
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Delaware Mortgage Rate Rally – Happy New Year!!

Delaware Mortgage Rate are looking to start to move upward as the stock market will look to open with strong momentum.  Mortgage rates typically move with the stock market.  If the stock market rallys then mortgage interest rates tend to rise.  If the stock market drops then mortgage rates tend to drop.  That is a good general way to understand how mortgage interest rates change.  For the Lowest Delaware Mortgage Rate call 302-703-0727 to speak with a Delaware Mortgage Loan Officer with Primary Residential Mortgage located in Newark Delaware. Keep Reading...

Mortgage Interest Rates December 2006

John Thomas December 26, 2006 Tags:
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Mortgage Interest Rates December 2006

Mortgage Interest Rates have been moving higher as we moved into the end of the year for 2006.  We recommend LOCKING Your Delaware Mortgage Interest Rates to start the week.  Call 302-703-0727 to discuss mortgage interest rates with a Mortgage Loan Officer in Newark, Delaware.

The Producer Price Index — which measures inflation pressures at the wholesale level — surged 2% in November, the largest advance in more than three decades, the Labor Department said December 19. The 2% jump was four times bigger than the 0.5% increase economists had forecast. Core wholesale inflation, which excludes energy and food, rose 1.3%, the biggest gain since July 1980. Keep Reading...

Financial News – December 2006

John Thomas December 12, 2006 Tags: ,
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Financial News December 2006

On December 12, 2006 the Federal Reserve held interest rates steady by keeping the Federal Funds Rate at 5.25% for a fourth straight meeting, a move widely anticipated by industry experts. This comes on the coat tails of the Fed calling the recent cooling in the housing market “substantial.”

Even so, retail sales jumped 1% in November, their largest rise since July 2006, the Commerce Department reported December 14. Excluding autos and gasoline, which gives a more reliable core measure of household spending, retail sales increased 0.9%. Analysts had forecast a 0.2% rise in retail sales in November. November’s sharp rise supports the Fed’s view that there is little evidence that a cooling housing market will have a negative effect on the wider economy. Keep Reading...