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Delaware Mortgage Rates Weekly Update for July 22, 2013

John Thomas July 22, 2013 Tags: , ,
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Delaware mortgage rates weekly market update for the week of July 22, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the 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 improved again this week as mortgage bonds were able to rally to end the week on comments from Federal Chairman Ben Bernanke who reaffirmed that the Feds easy money policies would continue into 2014. If you look at the mortgage bond chart below you can see mortgage bonds bounced off the 2 years low on July 8th and have continued to rally since setting a short term trend for mortgage bonds to trade higher. When the mortgage bond price moves higher, mortgage interest rates move lower so Delaware mortgage rates have moved lower since hitting 2 years high. On Friday, mortgage bonds were able to close above the 25-day moving average which is a bullish sign for bonds to continue to move higher so we are recommending FLOATING your Delaware mortgage rate to start the week. Keep Reading...

Maryland First Time Home Buyer Seminar – August 17, 2013

John Thomas July 22, 2013 Tags: , , ,
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Maryland First Time Home Buyer Seminar

There will be a Maryland First Time Home Buyer Seminar on Saturday, August 17, 2013, at 10:00 AM till Noon. The seminar will last about 2 hours and each participate 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 participate 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 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.
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Delaware First Time Home Buyer Seminar August 17, 2013

John Thomas July 21, 2013 Tags: , , ,

Delaware First Time Home Buyer Seminar

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, August 17, 2013, at 10:00 AM till Noon. 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 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.
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Delaware Mortgage Rates Weekly Mortgage Market Update for July 15, 2013

John Thomas July 14, 2013 Tags: , , , , ,
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Delaware mortgage rates weekly market update for the week of July 15, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware mortgage rates were finally able to move lower after spiking higher the past two weeks. If you look at the mortgage bond chart below you can see that mortgage bonds were able to rebound on Monday after the big sell-off on Friday, July 5th which is the big red candle down on the bond chart below. The big green candle on Monday shows the bond market rebounding and then moved higher the rest of the week. The short term trend is now for mortgage bonds to move higher and rates to move lower so we are recommending FLOATING your Delaware mortgage rate to start the week. Keep Reading...

Delaware Mortgage Rates Weekly Update for July 8, 2013

John Thomas July 7, 2013 Tags: , , , , , ,
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Delaware mortgage rates weekly market update for the week of July 8, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates Jumped Higher on Friday after the Jobs Report for June 2013 was released. If you look at the mortgage bond chart below you can see the big Red Candle on Friday showing the bond closing down 200 basis points which is the biggest one day drop in a LONG TIME!! Mortgage bonds also dropped on Thursday by 44 basis points so in a week we saw mortgage rates jump by 0.5%! Rates are pushing 5% now with most loan products. With the damage done and mortgage bonds looking very overbought we are recommending FLOATING your Delaware mortgage rate to start the week. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update for July 1, 2013

John Thomas June 30, 2013

Delaware mortgage rates weekly market update for the week of July 1, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates Finally improved for the first time since the big sell-off in mortgage back securities after Bernanke’s statements on Wednesday, June 19, 2013. Mortgage rates were able to improve after members of the Federal Reserve started backtracking on statements made by Bernanke about tapering QE3 this year. If you look at the mortgage bond chart below you can see the big red candle on June 19th which was the sell-off after Bernanke’s comments. The bond was able to stabilize on Monday and Tuesday and then jumped higher on Wednesday and Thursday after lower than expected first quarter 2013 GDP reading at 1.8%, the expectation was for GDP of 2.4%. Keep Reading...

Dover Delaware First Time Home Buyer Seminar – July 27, 2013

John Thomas June 28, 2013 Tags: , , , ,

Free Delaware First Time Home Buyer Seminar on Saturday, July 27, 2013, at 10 AM in Dover, Delaware. 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, 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. Keep Reading...

Delaware First Time Home Buyer Seminar July 20, 2013

John Thomas June 23, 2013 Tags: , , ,

Delaware First Time Home Buyer Seminar

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, July 20, 2012, at 10:00 AM till Noon. 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 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.
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