Tag Delaware mortgages

Tag Delaware mortgages

Delaware Mortgage Rates Weekly Update December 31, 2013

John Thomas December 30, 2012 Tags: , , , , , , ,
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Delaware mortgage rates weekly mortgage market update for the week of December 31, 2012 from John R. Thomas with Primary Residential Mortgage in Newark, DE. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan. John Thomas is the Newark, Delaware Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. He provides a weekly mortgage rate market update to keep you current with what is happening with mortgage rates and the economy as a whole.

Delaware mortgage rates improved this week on the news that no deal has been reached to avert the “Fiscal Cliff”. The US Senate is meeting to see if can hash out a last minute deal. If they do we could see mortgage rates suffer in the short term and move higher. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update December 10 2012

John Thomas December 11, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly mortgage market update for the week of December 10, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, DE. John is the Newark, Delaware 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 mortgage bonds sold off to end the week. The reason for the sell-off in bonds is some good news released last week on the economy.  Friday the Labor Department released the November 2012 jobs report and stated employers added 146,000 new jobs in November which was well above the predicted 90,000 jobs. The unemployment rate also ticked down to 7.7% in November which is the lowest since December 2008. Keep Reading...

Delaware Mortgage Rates Weekly Update December 3, 2012

John Thomas December 2, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly mortgage market update for the week of December 3, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, DE. John is the Newark, Delaware 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 moved lower last week as no deal has been reached on the Financial “Fiscal Cliff” by the US Congress. The Fiscal Cliff is a series of events that will happen in 2013 if no action is taken by Congress. Here is a list of the events: Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update November 26, 2013

John Thomas November 25, 2012 Tags: , , , , , ,

Delaware mortgage rate weekly update for the week of November 26, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, DE. John is the Newark, Delaware 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 drifted higher last week as the stock market rallied. Mortgage bonds have traded in a range for the past two weeks.  We are recommending LOCKING your Delaware mortgage rate if closing in the next 15-30 days but recommend floating longer term as rates could improve by bouncing off support. Short term risk is for rates to move higher as bonds are trading below the 50 days moving average and could fall lower.  The long term outlook for mortgage rates is for staying low as the economic factors are still negative. Keep Reading...

Delaware Mortgage Rates Weekly Update November 12, 2012

John Thomas November 10, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly update for the week of November 12, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, DE. John is the Newark, Delaware 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 able to improve this week so our recommendation to float your Delaware mortgage rate lock till this week was good advice. We are recommending taking advantage of this dip lower in interest rates, so recommend LOCKING your Delaware mortgage rate.  The bond market experienced a run up at the expense of stocks after President Obama won a second term. The stock market dropped on Wednesday which allowed mortgage rates to improve as money moved into the bond market. Mortgage rates are touching all-time record lows again. Keep Reading...

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 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...

FHA Update – Provisions for Condo Project Approval Process

John Thomas September 18, 2012 Tags: , , ,

In order to address current housing market conditions, HUD has published Mortgagee Letter 2012-18, which highlights important changes to the current condominium guides.

Here are the 7 things you need to know about these changes
1. These changes are in effect from September 13, 2012, until August 31, 2014, unless extended.

2. Under construction is defined as (1) a new development in which construction has been started but is not yet completed or in which units are completed but are less than 1 year old (existing < 12 months old); or (2) gut rehabilitation conversions. The definition of “under construction” applies to legally phased developments. Keep Reading...