(302) 703-0727

(302) 703-0727

Delaware Mortgage Rates Weekly Update July 9, 2012

John Thomas July 9, 2012 Tags: , , , , , , , ,

Delaware mortgage rate weekly update for the week of July 9, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 set another all-time record low on Friday, July 6, 2012, after a very disappointing Jobs Report was released for June 2012.  The jobs report is released by the Bureau of Labor Statistics. The June Jobs report released that only 80,000 jobs were created in June which was well short of the anticipated 100,000 expected. There was also a revision of April and May job reports resulting in another 1,000 fewer jobs created than originally reported. We need about 150,000 new jobs each month just to keep up with population growth. Overall, employment growth during the second quarter of 2012 averaged about 75,000 jobs per month compared with more than 200,000 during the first quarter. Keep Reading...

Dover Delaware First Time Home Buyer Seminar July 24 2012

John Thomas July 2, 2012 Tags: , , , , ,

Free Delaware First Time Home Buyer Seminar on Tuesday July 24, 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.

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 19901Seminar is from 6:30 PM till 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

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

Delaware Mortgage Rates Weekly Update for July 2 2012

John Thomas July 2, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly update for the week of July 2, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 rate weekly update July 2, 2012, by John Thomas

Delaware mortgage rates are still hovering at all time historic lows. The Euro Summit was held last week and Friday’s release of the news from the event moved the stock market higher and the bond market sold off. What emerged from the meeting was a concession by Germany to allow Eurozone Stability Mechanism (ESM) to help recapitalize the banks as long as they meet budgetary rules. They were also no more austerity measures to be imposed. This may seem like a solution but it is not as the ESM only has 500 Billion Euros available and Spain and Italy alone have a combined 2.4 Trillion in government debt. This deal has also upset Greece who not wants fewer austerity measures because Spain and Italy have gotten the go-ahead for the bailout without all the restrictions placed on Greece. Keep Reading...

FHA Rescinds New Credit Guidelines for Collections Effective June 15 2012

John Thomas July 2, 2012 Tags: , , ,

FHA Rescinds Select Credit Guides Effective June 15, 2012, with mortgage letter 2012-10

Mortgagee Letter 2012-10 rescinds guidelines regarding disputed accounts and collection accounts that were announced February 28, 2012, via Mortgagee Letter 2012-03.

Here are the 2 things YOU NEED TO KNOW about these changes:

1. Effective now, the FHA guides revert back to the previous guides regarding disputed accounts and collection accounts, meaning the DE underwriter has to make the decision whether disputed accounts and collection accounts must be paid as a condition of loan approval. Keep Reading...

Delaware First Time Home Buyer Seminar – July 21 2012

John Thomas June 18, 2012 Tags: , , , , , ,

Delaware First Time Home Buyer Seminar  There will be a Free Delaware First Time Home Buyer Seminar on Saturday, July 21, 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 update for June 18 2012

John Thomas June 18, 2012 Tags: , , , ,

Delaware mortgage rate weekly update for the week of June 18, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 Rate Weekly Update by John R. Thomas

Delaware mortgage rates are still at all-time historic lows following last weeks very tame reading on inflation. We saw the Consumer Price Index (CPI) come in 0.3% lower for May 2012 and the Producer Price Index (PPI) also came in below expectations for May 2012. This shows both consumer inflation and wholesale inflation are both tame which was great news for mortgage bonds. The bad economic news coming out of Europe from Greece, Spain, Portugal, and Ireland have also helped mortgage rates reach all-time record lows. The Greek people held elections on Sunday which supported the pro-austerity party. Keep Reading...

Delaware Mortgage Rates Weekly Update – June 11 2012

John Thomas June 11, 2012 Tags: , , , , , ,

Delaware mortgage rate weekly update for the week of June 11, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 rate weekly update by John Thomas

Delaware mortgage rates have remained at all-time record lows as mortgage bonds have been trading on an upward trend line. Higher mortgage bond prices mean lower mortgage interest rates. Long term trend is for lower rates but short term we could some volatility and see rates move higher because of the supply of mortgage bonds hitting the market as well as treasury auction of 66 Billion in notes this week. Keep Reading...

Delaware First Time Home Buyer Seminar – June 16 2012

John Thomas June 10, 2012 Tags: , , , ,

Delaware First Time Home Buyer Seminar

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