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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.

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...

Delaware Mortgage Rates Weekly Update – January 3, 2012

John Thomas January 3, 2012 Tags: , ,

Delaware Mortgage Rates Weekly Update for January 3 , 2012


Delaware mortgage rates are still at all-time historic lows which makes it the perfect time to refinance or purchase a new home. Call 302-703-0727 to apply now for a Delaware Home Loan or you can APPLY ONLINE. Mortgage Bonds started off the new year trading lower but recovered and ended at close to historically high level. The troubles in Europe are still causing traders to seek the safe haven trade of US bonds and treasuries.

I am recommending LOCKING your Delaware mortgage rate for the short term as rates are at all-time lows so the risk is that they will rise short term.  Long term out past 30 days you can float your rate. Call 302-703-0727 to have a free mortgage planning consultation or you can APPLY ONLINE. Keep Reading...

Delaware Mortgage Rates Weekly Update – December 19, 2011

John Thomas December 22, 2011 Tags: ,

Delaware mortgage rates weekly update for the week of December 19, 2011

You can apply for a Delaware Home Loan by calling 302-703-0727 or you can APPLY ONLINE.

Delaware mortgage rates have held pretty steady at historical lows even in the face of some good economic news. Jobless claims came in at lowest number since May 2008 at 366,000. Typically good economic news moves interest rates higher but the crisis in Europe and the Federal Reserve stepping in to purchase mortgage-backed securities has kept Delaware mortgage rates at historic lows. Keep Reading...

Delaware First Time Home Buyer Seminar – January 14, 2012

John Thomas December 16, 2011 Tags: , ,

Delaware First Time Home Buyer Seminar

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, January 14, 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 – December 12, 2011

John Thomas December 12, 2011 Tags: , ,

Delaware mortgage rates weekly update for the week of December 12, 2011


Mortgage interest rates have remained at historic levels yet again even though we had some good economic news that boosted the stock market at the end of last week. We saw the jobless claims come in much lower than expected on Friday at 381,000. We also saw consumer sentiment come in at a 6 month high. Typically this would all have caused Delaware home loan rates to rise but the uncertainty over the debt crisis in Europe has helped mortgage bonds maintain and keep Delaware mortgage interest rates at historically low levels. What does this mean? IT IS A GREAT TIME to BUY or REFINANCE!!!! Keep Reading...

New HARP 2.0 Refinance Program Expected to Help Thousands of Underwater Delaware Homeowners

John Thomas December 10, 2011 Tags: ,

HARP 2.0 Refinance Program

Obama Plan Set to Help Underwater Homeowners in Delaware

Unveiled just a few short weeks ago, President’s Obama’s revamped Home Affordable Refinance Program (HARP) is expected to help hundreds of thousands of homeowners nationwide take advantage of today’s low-interest rates says Freddie Mac.

The original HARP refinances, started in April 2009, was semi-successful, but had it’s limitations and was needing a re-haul to continue to provide assistance and hopefully a spark to the Delaware economy.

The goal behind the Obama refinance program is clear, allow Delaware homeowners to reduce their monthly mortgage interest rate. These savings will then be, hopefully, plowed back into the local economy which will add jobs and make a dent in the Delaware unemployment rate. If we can create jobs that will fix the Delaware economy and the Delaware Housing Market. Keep Reading...

Delaware FHA Loan Limits reset back to higher limits for 2012-2013

John Thomas December 7, 2011 Tags:

Delaware FHA Loan Limits are changed back to higher limits with Mortgagee Letter 2011-39 announces changes to its mortgage limits with the passing of H.R. 2112 (The Consolidated and Further Continuing Appropriations Act of 2012), which reestablishes the previous higher FHA loan limits. Effective immediately with all new FHA case numbers until December 31, 2012, the loan limits are as follows:

New Castle County Limit- $420,000

Kent County Limit – $376,250

Sussex County Limit – $375,000

You can apply for a Delaware FHA Loan by calling 302-703-0727 or you can APPLY ONLINE. Keep Reading...

Delaware Mortgage Rates Update for Week of December 5, 2011

John Thomas December 6, 2011 Tags: , , ,

Delaware Mortgage Rates Update for the Week of December 5, 2011


Delaware mortgage rates have stayed at all time low levels for the past two weeks as the bond market has been held up by a level of support in anticipation of the Federal Reserve starting QE3 in the first quarter of 2012. QE3 would be the Federal Reserve purchasing mortgage-backed securities in the hopes of keeping mortgage rates near historic lows.

I am recommending locking your Delaware mortgage rate if closing in the next 7-10 business days. If you are closing in the next 30-60 days you can float interest rate. If you need to apply for a Delaware mortgage loan for the purchase or refinance of a home in Delaware, PA or Maryland call us at 302-703-0727 or APPLY ONLINE. Keep Reading...