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Delaware Mortgage Rates Weekly Mortgage Market Update November 5, 2012

John Thomas November 5, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly mortgage market update for the week of October 29, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, DE. John is the Newark 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 were able to improve from last week and Friday were able to rebound after good news from the Jobs Report. The trading pattern on Friday showed the mortgage bond bouncing off technical support and ending the day strong which supports a pattern of the bond moving higher. So we are recommending FLOATING your Delaware mortgage rate to see if rates can go lower as the bond rises. Friday saw the October 2012 Jobs Report showing 171,000 jobs created and revised the last two months upward by 84,000. The unemployment rate actually ticked up from 7.8% to 7.9% for October 2012 even though we had an upward revision of jobs. The slight increase in unemployment is because more people started looking for work again. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update – October 29, 2012

John Thomas October 28, 2012 Tags: , , , , , , , ,

Delaware mortgage rate weekly mortgage market update for the week of October 29, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, DE. John is the Newark 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 stabilized last week and stopped the upward trend. Friday mortgage rates were finally able to rebound and move slightly lower. The mortgage rates were able to rebound after weak earnings were reported by Apple and Amazon which caused the stock market to sell off and shifted money into the bond markets. The Federal Reserve QE3 program was also a boost to the bond market as it is continuing to purchase mortgage bonds. Keep Reading...

Dover Delaware First Time Home Buyer Seminar – November 13, 2012

John Thomas October 24, 2012 Tags: , , , ,

Free Delaware First Time Home Buyer Seminar on Tuesday, November 13, 2012, 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.

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Each participant will receive a Free Credit Scoring Handbook, Free 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 Seminar is being held at The Sheraton Hotel at 1570 North DuPont Highway, Dover, DE 19901 The seminar is from 6:30 PM until 8:30 PM. 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

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update October 22, 2012

John Thomas October 21, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly mortgage market update for the week of October 22, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, DE. John is the Newark 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 were on an upward trend last week as we saw the release of positive economic news and hints that inflation was heating up.  We saw two very good reports on housing released last week. First, the Housing Starts for September surged 15% in September 2012. Housing starts are the number of new residential homes that have begun construction in that month. The Housing Starts for September 2012 were 872,00 which was much higher than expected at 768,000. This is very good news on the housing front as builders will not start building without feeling confident they will sell. Keep Reading...

Delaware First Time Home Buyer Seminar November 17, 2012

John Thomas October 15, 2012 Tags: , , , ,

Delaware First Time Home Buyer Seminar

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, November 17, 2012, at 10:00 AM till Noon and again at 1:00 PM till 3:00 PM. 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. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update October 15, 2012

John Thomas October 14, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly mortgage market update for the week of October 15, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, DE. John is the Newark 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 ended the week back at historic lows after a volatile week of trading. Mortgage rates had started the week higher but with the help of the Federal Reserve purchasing mortgage-backed securities, each day rates were able to recover and end the week at historic lows.  We recommending LOCKING your Delaware mortgage rate if closing in the next 30 days as rates could drift higher again. If closing in 60 days or more we are recommending floating your interest rate. Keep Reading...

Maryland Home Buyer Seminar November 17, 2012

John Thomas October 13, 2012 Tags: , , , ,

Maryland First Time Home Buyer Seminar

There will be a Free Maryland First Time Home Buyer Seminar on Saturday, November 17, 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 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.

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Delaware Mortgage Rates Weekly Mortgage Market Update October 8, 2012

John Thomas October 6, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly mortgage market update for the week of October 8, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, DE. John is the Newark 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 are still at all-time historic lows but the mortgage bond sold off to end the week as some good economic news was released.  Rates did move up to end the week but still remain new all-time historic lows. The big report that moved home loan rates higher was the unemployment rate for September 2012 had a drastic one month from 8.1% to 7.8%. This is the lowest since reading since 2009 and the first time unemployment number dropped below 8% in 44 months. The labor market created 114,000 jobs which were in line with expectations of 115,000 which wouldn’t have lowered the unemployment.  The rate dropped because job reports for August and July were revised much higher. Keep Reading...