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Delaware Mortgage Rates Weekly Update February 18, 2013

John Thomas February 18, 2013 Tags: , , , , , , ,
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Delaware mortgage rate weekly mortgage market update for the week of February 18, 2013, by John Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, DE 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.

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Delaware mortgage rates continued their slow trek higher last week as mortgage bonds sold off to end the week. The stock market continues to rally and set a new record high. Money is continuing to move out of bonds into the stock market which is causing home loan rates to move higher. The bond chart below shows we are still trending lower for mortgage bonds and setting lower lows on the chart. This means it is prudent to LOCK your Delaware mortgage rate for any short term transactions closing in the next 30 days. Long term you can float as the stock market should pull back from its long run up and this would move home loan rates lower. Keep Reading...

Dover Delaware First Time Home Buyer Seminar March 19, 2013

John Thomas February 17, 2013 Tags: , , ,

Free Delaware First Time Home Buyer Seminar on Tuesday, March 19, 2013, at 6:30 PM 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 March 16, 2013

John Thomas February 17, 2013 Tags: , , , ,
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Delaware First Time Home Buyer Seminar

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, March 16, 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 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.

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Delaware Mortgage Rates Weekly Mortgage Market Update February 11, 2013

John Thomas February 10, 2013 Tags: , , , , , , ,
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Delaware mortgage rate weekly mortgage market update for the week of February 11, 2013, by John Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, DE 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

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Delaware mortgage rates tried to move lower last week but ended the week higher after good economic news was reported coming out of China. The mortgage bonds tried to rally but failed to move above the 200 days moving average and were turned lower on Friday after China reported signs of economic recovery, as exports, imports, and lending soared. Mortgage bonds are still trading in a tight range and would need to break above the 200 days moving average in order for home loan rates to move back toward all-time historic lows. We are recommending carefully FLOATING your Delaware mortgage rate on Monday to see if mortgage bonds can move above the 200 days moving average if bonds move lower then I would recommend LOCKING your Delaware mortgage rate. Keep Reading...

Maryland First Time Home Buyer Seminar March 23, 2013

John Thomas February 9, 2013 Tags: , , ,

Maryland First Time Home Buyer Seminar 

There will be a Free Maryland First Time Home Buyer Seminar on Saturday, March 23, 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 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. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update February 4, 2013

John Thomas February 3, 2013 Tags: , , , , , ,
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Delaware mortgage rate weekly update for the week of February 4, 2013, by John Thomas with Primary Residential Mortgage in Newark, Delaware.  John is the Newark, DE 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

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Delaware Mortgage Rates tried to move lower last week but ended the week where they started as the stock market continued to push higher. Mortgage bonds traded in a tight range last week and couldn’t break above the 200 days moving average. We can start the week FLOATING to see if mortgage bonds can try again to break through resistance and move home loan rates lower. If bonds break below the floor of support then we need to switch to a LOCKING stance quickly. The long term outlook for rates is to move higher as the downward trend in mortgage bonds continues. Keep Reading...

FHA Update – FHA Announces Increase in MI Effective April 1, 2013

John Thomas February 2, 2013 Tags: , , ,
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In Mortgage Letter dated 01/31/2013, HUD  announced that the Federal Housing Administration (FHA) will increase its annual mortgage insurance premium for most new mortgages by 10 basis points or by 0.10%, and FHA will increase premiums on jumbo mortgages ($625,000 or larger) by 5 basis points or 0.05%.  It will also change the MIP from canceling at 78% LTV to being for the life of the loan on most FHA loans as of June 3, 2013.  You can read the letter at http://portal.hud.gov/hudportal/documents/huddoc?id=13-04ml.pdf Keep Reading...

Delaware Mortgage Rates Weekly Update for January 28, 2013

John Thomas January 28, 2013 Tags: , , , , , , , ,
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Delaware Mortgage Rates Weekly Update for January 28, 2013

Delaware mortgage rate weekly update for the week of January 28, 2013, by John Thomas with Primary Residential Mortgage in Newark, Delaware.  John is the Newark, DE 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

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Delaware mortgage rates tried to move lower last week but rebounded higher when initial jobless claims were reported on Thursday, January 24, 2013, at 330,000 which was 5,000 less than the week before. This continues the trend of lower claims and is the lowest in 5 years. The unemployment rate surprisingly stayed the same at 7.8%.  This sent mortgage bonds lower and resumed the downward trend for bonds.   Mortgage interest rates moved higher in response and ended the week higher than they have been in 4 months.  The bond broke through the support that held last week but we may see rates bounce off the 200-day moving average so I am recommending FLOATING your Delaware mortgage rate to see if bonds can recover some but be mindful that if support is broken at 200-day moving average, rates will jump higher and fast. Keep Reading...