Tag Delaware Home Loans

Tag Delaware Home Loans

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

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...

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

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 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

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...

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

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...

Delaware Mortgage Rates Weekly Mortgage Market Update October 1 2012

John Thomas October 1, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly mortgage market update for the week of October 1, 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

Delaware mortgage rates have improved since the Federal Reserve started its QE3 program. Home loan rates have continued to move lower and set a new record low on September 26, 2012. They did move slightly higher on Thursday and Friday but are still near all-time record lows. We are recommending LOCKING your Delaware mortgage rate to take advantage of these all-time record low rates. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update September 24, 2012

John Thomas September 23, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly mortgage market update for the week of September 24, 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

Delaware mortgage rates once again set an all-time record low last week after Federal Reserve started QE3 buying of mortgage bonds. QE3 stands for Quantitative Easing Round 3 which is the Federal Reserve buying US Treasuries and Bonds to try and stimulate the economy. QE3 was announced by the Feds because the economy is still struggling and inflation is still under control. The economic news released last week was not good and helped support mortgage bonds. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update September 17, 2012

John Thomas September 16, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly mortgage market update for the week of September 17, 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

Delaware mortgage rates dropped to all-time historic lows last week on Thursday, September 13, 2012, when the Federal Reserve Chairman Ben Bernanke announced that the Feds would be instituting QE3 and would be buying mortgage bonds to the tune of 40 Billion a month. The Feds are looking to spur the economy by keeping interest rates low. The Feds will keep the bond-buying program in effect until inflation creeps up or the economy turns the corner. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update for September 10, 2012

John Thomas September 9, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly mortgage market update for the week of September 10, 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

Delaware mortgage rates dropped back down to all-time historic lows to end the week after very volatile ride all week. Mortgage rates jumped up on Thursday but then fell back to all-time historic lows on Friday after the Labor Department released August 2012 Jobs Report. The jobs report was very disappointing, reporting only 96,000 new jobs created for August 2012 versus expectations of 130,000. The report also revised numbers for June 2012 and July 2012 revising the numbers down reporting that 41,000 fewer jobs were created than originally reported. Keep Reading...