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Delaware Mortgage Rates Weekly Update for January 30 2012

John Thomas January 30, 2012 Tags: , , , , ,

Delaware mortgage rates weekly update for January 30, 2012, by John R. Thomas from Primary Residential Mortgage. Call 302-703-0727 for a free mortgage consultation if you are planning to purchase or refinance a home in Delaware or APPLY ONLINE.

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Delaware mortgage rates weekly update for January 30, 2012

Delaware mortgage rates touched all-time lows again when the mortgage bonds were traded to all-time record high on the news that Europe punted on fixing the debt concerns, Federal Reserve extend forecast for low rates from 2013 to the end of 2014 which signals economy is not expected to rebound anytime soon, and the GDP report showing only a 2.8% versus the expected 3.2%. Keep Reading...

Delaware Mortgage Rates Weekly Update for January 23, 2012

John Thomas January 23, 2012 Tags: , , , ,

Delaware mortgage rates weekly update for the week of January 23, 2012, brought to you by John R. Thomas from Primary Residential Mortgage. Call 302-703-0727 to request a free mortgage planning consultation or APPLY ONLINE.

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Delaware Mortgage Rates Weekly Update for January 23, 2012

Delaware mortgage rates opened worse today as the mortgage bond market sold off last week. Mortgage bonds are off their all-time highs so Delaware mortgage rates have increased from the all-time historic lows. The reading on inflation last week came our hotter than expected for the Producer Price Index at about 3%. News of a deal almost reached for solving the debt problem in Greece also was seen as good news so traders were moving money out of the bonds and into stocks. Keep Reading...

Congress votes to increase Delaware mortgage rates through increased Guaranty Fee – 2012

John Thomas January 20, 2012 Tags: , ,

Delaware mortgage rates will be increasing in the first quarter of 2012 for all conventional loans backed by Fannie Mae and Freddie Mac because of the bill to extend payroll cut extension for two months. Two-month extension costs borrowers for the next 10 years! You need to act fast to avoid the interest rate increase, call now at 302-703-0727 or APPLY ONLINE to avoid paying this higher rate.

The U.S. Congress recently passed a two-month payroll tax cut extension. The $33 billion packages are funded by a 10-year increase in the Guaranty Fees that Fannie Mae (Fannie) and Freddie Mac (Freddie) charge lenders to guarantee home loans. Keep Reading...

New Castle County VHAP Program deadline January 31, 2012

John Thomas January 20, 2012 Tags: , , ,

The New Castle County Vacant Home Program called VHAP for short has run its course as a forgivable loan after 5 years. The county has set a deadline of January 31st for any application for the VHAP program which will give up to $10,000 for down payment and closing costs that is forgiven if you live in the home as your primary residence for 5 years. If you would like to apply for a mortgage using the VHAP program call 302-703-0727 or you can APPLY ONLINE and we can get you started.

The County will be transitioning to a new Vacant Home Program called VHAP2 which will be a deferred loan instead of a forgivable grant. The new program is set to roll out on March 1, 2012, so there will be a gap in availability of this program from February 1, 2012, till March 1, 2012, when the new program is set to roll out. Details of the new program have not been released yet. Keep Reading...

Delaware Mortgage Rates Weekly Update – January 16, 2012

John Thomas January 16, 2012 Tags: , ,

Delaware Mortgage Rates Weekly Update for January 16, 2012 by John R. Thomas from Primary Residential Mortgage

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Delaware Mortgage Rates

The Mortgage Bond Market was closed today for Martin Luther King Jr Holiday. Mortgage bonds continue to trade at all-time highs which means mortgage rates are still at all-time historic lows. So now is still a great time to purchase a home or refinance your current Delaware Home Loan. Consumer Sentiment came in at a level not seen since May of 2011 but the real picture for shopping was shown in December sales at only 0.1% increase over November versus 0.4% expected. This was because retailers had to discount to get the sales which cut profits. Keep Reading...

Impact of Short Sales on New Castle County & Kent County Delaware for 2011

John Thomas January 15, 2012 Tags:
distressed properties

As of December 2011 close to one in four listings in New Castle County closed as a short sale or bank-owned property (REOs). As of December 2011, one in three in listings that sold in Kent County were short sales or bank-owned properties (REOs). In the pictures above we can see December 2011 alone for New Castle and Kent Counties, and below we see the figures for 2011 as a whole. The biggest difference between New Castle and Kent Counties is that 15.5% of REO or Bank-Owned properties settled in NCCO, while 22.6% settled in Kent County. Short sale figures are almost identical, although the more densely populated northern New Castle County handled almost four times as many individual properties Keep Reading...

Delaware First Time Home Buyer Seminar – February 18, 2012

John Thomas January 13, 2012 Tags: ,

Delaware First Time Home Buyer Seminar

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, February 18, 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 – January 9, 2012

John Thomas January 9, 2012 Tags: , ,

Delaware Mortgage Rates weekly update for the week of January 9, 2012 – Call 302-703-0727 to apply for a Delaware mortgage loan for the purchase or refinance of a home in Delaware or APPLY ONLINE.

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Delaware mortgage rates are still at all-time lows even after Friday’s job report of 200,000 jobs created and the unemployment rate coming down to 8.5%. Mortgage rates were able to stay at all time lows because the 8.5% unemployment rate is not telling the whole story, it doesn’t include all the people that stopped looking for work or that have accepted part-time work. The crisis in Europe continues and is helping to support low mortgage rates. Keep Reading...