Tag Delaware Home Loans

Tag Delaware Home Loans

Delaware Mortgage Rates Weekly Mortgage Market Update for September 3, 2012

John Thomas September 3, 2012 Tags: , , , , , , , ,

Delaware mortgage rate weekly mortgage market update for the week of September 3, 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 significantly on Friday as the mortgage bonds soared along with Stocks, Bonds, Gold, and Oil. The markets all soured on news from Jackson Hole Economic Policy Symposium held Friday, August 31, 2012, which has been held every year since 1978. Federal Reserve Chairman Ben Bernanke pretty much said that QE3 is coming because of how bad the US economy is doing that it needs further stimulus. The news of Quantitative Easing Round 3 sent the markets sour. Keep Reading...

Delaware Mortgage Rates Weekly Update August 27 2012

John Thomas August 26, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly update for the week of August 27, 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 ended the week much better than they started!  Mortgage Rates got significantly lower to end the week on August 24, 2012, as the bond market recovered much of what was lost the previous week.  Mortgage rates are once again almost at all time historic lows which makes it the perfect time to refinance your current Delaware home loan or purchase a new home in Delaware. Keep Reading...

Delaware Mortgage Rates Weekly Update August 20, 2012

John Thomas August 20, 2012 Tags: , , , , , , , ,

Delaware mortgage rate weekly update for the week of August 20, 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 increased again last week as money moved out of the bond market into the Stock Market. Mortgage bonds have been selling off since reaching an all-time record high on July 24, 2012. As the mortgage bonds sell off the interest rates increase. There has been mixed news in the last week some good and some bad. The good news for the economy started with the release of the Retail Sales Report for July 2012 which came in much better than expected at 0.8%. Building Permits across the United States also increased to a four-year high for July 2012. Keep Reading...

Delaware FHA Streamline Refinance Guidelines 2012

John Thomas August 13, 2012 Tags: , , , , ,

Delaware FHA Streamline Refinance Guidelines 2012

If you currently have an FHA Loan then you are eligible to refinance your existing Delaware FHA loan using the streamline refinance guidelines.  The guidelines are different depending on when your current FHA loan was delivered by your lender to FHA after it was originated. If your loan was delivered to FHA before June 1, 2009, then you can take advantage of the new refinance guidelines put into place by President Obama that took effect on June 11, 2012. If your loan was delivered to FHA after June 1, 2009, then you must use the FHA Streamline Refinance guidelines that took effect on April 9, 2012. Apply Now for an FHA Streamline Refinance by calling 302-703-0727 or APPLY ONLINE for Delaware FHA Streamline Refinance Keep Reading...

Delaware Mortgage Rates Weekly Update August 13, 2012

John Thomas August 12, 2012 Tags: , , , , , , , ,

Delaware mortgage rate weekly update for the week of August 13, 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 increased to end the week last week as some better than expected news on the economy helped boost stocks and pulled money out of bonds. We saw the Labor Department release Initial jobless claims for the week of August 4, 2012, which saw lower than expected jobless claims. 361,000 new claims were filed versus 370,000 expected.  Long term we still see mortgage interest rates staying near historic lows but short term we could see rates rise so we are recommending LOCKING in your Delaware Mortgage rate. Keep Reading...

Delaware Mortgage Rates Weekly Update August 6, 2012

John Thomas August 5, 2012 Tags: , , , , , , , , ,

Delaware mortgage rate weekly update for the week of August 6, 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 ended the week last week higher as the stock market rallied on some “good” economic news that was reported on Friday. We saw the Labor Department release the July 2012 Jobs Report which showed 163,000 jobs were added well above the 100,000 expected. This news was enough to cause a big rally in the stock market and pulled money out of the bond market which causes Delaware home loan rates to increase on Friday. Even with this good news we still saw the unemployment number rise from 8.2% to 8.3%. This is the 42nd straight month the unemployment rate has been above 8%. The Labor Participation Rate also decreased and showed no pick up in hours worked. Keep Reading...

Delaware Mortgage Rates Weekly Update for July 30 2012

John Thomas July 29, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly update for the week of July 30, 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 last week but then end the week higher on some “good” economic news released on Thursday and Friday. The big market mover last week was the release of news that European Central Bank (ECB) Chief Mario Draghi stated ECB will do whatever it takes to defend the Euro which means bailing out Greece and Spain. This news caused the stock market to rally and pulled money out of mortgage bonds. This also came with the release of some other positive news which was initial jobless claims fell 35,000 in the latest week to 353,000. This was much lower than what was expected. Consumer Sentiment increased for July 2012 from July 2011 but dropped from June 2012. Durable Orders rose by 1.6% which was also much higher than expected. All of this combined caused Delaware home loan rates to rise on Thursday and Friday as the bond market sold off. Keep Reading...

Delaware Mortgage Rates Weekly Update for July 23 2012

John Thomas July 23, 2012 Tags: , , , , , , , ,

Delaware mortgage rate weekly update for the week of July 23, 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 once again set another all-time record low on Friday as we had a slew of bad economic reports released last week. Retail Sales fell in June 2012 more than expected. The Commerce Department released that Retail Sales in June fell 0.5 percent from May’s Retail Sales.  This is the third straight month Retail Sales have fallen, this hasn’t happened since 2008. Keep Reading...