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Delaware Mortgage Rates Weekly Update for February 10, 2014

John Thomas February 9, 2014 Tags: , , , , ,

Delaware Mortgage Rates weekly rate update for the Week of February 10, 2014, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Newark, Delaware Branch Manager and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware mortgage rates ended the week almost where they started after a roller coaster week. If you look at the mortgage bond chart below you can see mortgage bonds sold off after reaching a high not seen since November but then sold off on Tuesday and Wednesday. The market was expecting a Jobs Report that would be strong so bonds sold off. When the Jobs Report disappointed again mortgage bonds rallied on Friday but closed right at a tough ceiling of resistance. If you didn’t LOCK your interest rate on Friday then we recommend starting the week FLOATING your Delaware mortgage rate but if bonds can’t break above the ceiling of resistance then quickly switch to a LOCKING stance. Keep Reading...

Delaware USDA Rural Housing Loan Income Limits for 2014

John Thomas February 6, 2014 Tags: , , ,
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Delaware USDA Rural Housing Loan Income Limits for 2014 remained the same as 2013 for each county in Delaware. The income limits are based on the household income for the total number of people living in the home. If you have questions about USDA Loans for the purchase or refinance of a home, please call 302-703-0727 or you can APPLY ONLINE.

The income limits for New Castle County, Kent County, and Sussex County are displayed below:

New Castle County Delaware Income Limits for USDA Rural Housing Loans for 2014:

1-4 Person         5-8 Person
Household        Household
$0 – $93,450    $0 – $123,354 Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update for January 27, 2014

John Thomas January 27, 2014 Tags: , , , , , ,
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Delaware Mortgage Rates weekly mortgage rate update for the Week of January 27, 2014, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Newark, Delaware Branch Manager and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates were able to move lower last week as mortgage bonds were able to continue to rally. If you look at the mortgage bond chart below you can see the short term trend is for mortgage bonds to move higher and move Delaware mortgage rates lower. Mortgage bonds have rallied since the December Jobs Report came out worse than expected and recently we have seen a flight to quality from international investors who are moving money into U.S. Bonds and Treasuries as a potential currency devaluation occurs in emerging markets. We are recommending FLOATING your Delaware Mortgage Rate to start the week to see if bonds can build on the momentum we had last week. Mortgage bonds have broken through a ceiling of resistance which is a good short term sign for home loan rates. Keep Reading...

Maryland Home Buyer Seminar February 22, 2014

John Thomas January 25, 2014 Tags: , , ,
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Maryland First Time Home Buyer Seminar

There will be a Maryland First Time Home Buyer Seminar on Saturday, February 22, 2014, at 10:00 AM till Noon. The seminar will last about 2 hours and each participant will be able to receive a copy of their tri-merge credit report. The seminar will cover all of the basics of buying a new home in Maryland. The seminar will cover Maryland FHA loans, Maryland VA loans, Maryland USDA Rural Housing Loans, First Time Home Buyer Loan Programs, and the Maryland FHA 203k Rehab loans. Each participant will receive a Credit Scoring Handbook, Home Buying Handbook, and an opportunity to meet with a certified 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...

Maryland First Time Home Buyer Seminar February 8, 2014

John Thomas January 21, 2014 Tags: , , , ,

Maryland First Time Home Buyer Seminar Saturday, February 8, 2014, from 10 AM till Noon in Rockville, Maryland at the Rockville Hilton Hotel.  Call 410-412-3319 to register or register online at Maryland Home Buyer Seminars. The seminar will cover all the basics of purchasing your first home in Maryland. You will be able to receive a copy of your credit report and your credit score at the seminar.  You will also be able to request a pre-approval meeting with a mortgage planner to discuss your loan options for purchase a home as well as first time home buyer programs. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Update for January 20, 2014

John Thomas January 20, 2014 Tags: , , , , , , ,
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Delaware Mortgage Rates weekly mortgage rate update for the Week of January 20, 2014, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Newark, Delaware Branch Manager and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware mortgage rates were able to end the week almost where they started after a volatile trading week. If you look at the mortgage bond chart below, you can see mortgage bond prices ended Friday about where they ended the previous Friday after the worse than expect December Jobs Report. The Market is closed on Monday so we are going to recommend cautiously FLOATING your Delaware mortgage rate to start the week to see if bonds can improve but if bonds start to sell off we will quickly recommend LOCKING as the long term trend is still for bonds to sell off and interest rates to climb higher. Keep Reading...

Dover Delaware Home Buyer Seminar February 8, 2014

John Thomas January 18, 2014 Tags: , , , ,

Delaware First Time Home Buyer Seminar on Saturday, February 8, 2014, at 10 AM in Dover, Delaware. The seminar will last about 2 hours and each participant will be able to receive a 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, Delaware USDA Rural Housing Loans, First Time Home Buyer Loan Programs, and the Delaware FHA 203k Rehab loans. You will be able to get pre-approved at the seminar by a Delaware Mortgage Company.

Each participant will receive a 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. Your presenter is the author of the new book, Your Guide to Buying Your First Home in Delaware. The Seminar is being held at:
The Dover Holiday Inn
561 North Dupont Highway
Dover, DE 19901

The seminar is from 10 AM until Noon. To register for the seminar, please call 302-703-0727. You can also e-mail me at DelawareMortgages@yahoo.com or you can register online at www.delawarehomebuyerseminar.com

For a Complete list of seminars visit www.DelawareMortgageLoans.net/seminars

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

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713

Delaware First Time Home Buyer Seminar February 15, 2014

John Thomas January 18, 2014 Tags: , , , ,

Book Cover - FTHB - 2011

Delaware First Time Home Buyer Seminar

There will be a Delaware First Time Home Buyer Seminar on Saturday, February 15, 2014, at 10:00 AM till Noon. The seminar will last about 2 hours and each participant will be able to receive a copy of their tri-merge credit report. The seminar will cover all of the basics of buying a home in Delaware. The seminar will cover Delaware FHA loans, Delaware VA loans, Delaware USDA Rural Housing Loans, First Time Home Buyer Loan Programs, and the Delaware FHA 203k Rehab loans. The Seminar is sponsored by The Neighborhood House so each participant will receive home buyer counseling credit toward the required HUD-approved home buyer counseling required for Delaware First Time Home Buyer Programs.

Each participant will receive a Credit Scoring Handbook, Home Buying Handbook, and an opportunity to meet with a certified 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.

The seminar is based on the best selling book, Your Guide to Buying Your First Home in Delaware written by John R. Thomas.

The Seminar is being held at The Christiana Hilton Hotel at 100 Continental Drive, Newark, DE 19713 from 10:00 AM till 12:00 PM. To register for the seminar, please call 302-703-0727. You can also e-mail me at jthomas@primeres.com. You can register online by clicking the Registration link below:

Here is a link for the flyer for the event First Time Home Buyer Seminar Flyer

For a Complete list of seminars visit Delaware Real Estate Seminars.

APPLY ONLINE today to be pre-approved for a mortgage to buy your first home in Delaware. Primary Residential Mortgage is an approved lender for the Delaware Bond Program through DSHA.

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713