Tag Delaware mortgages

Tag Delaware mortgages

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...

Delaware Mortgage Rates Weekly Update – November 28, 2011

John Thomas November 29, 2011 Tags: ,

Delaware mortgage rates weekly update for November 28, 2011.

Here is the video update for Delaware mortgage rates for the week of 11-28-2011:

Delaware Mortgage Rates were able to shrug off the move toward higher rates last week as they rallied today on news that the Federal Reserve might be instituting QE3 with the purchase of 454 Billion in mortgage-backed securities (MBS). Even though the stock market rallied over 200 points MBS market rallied back and home loan rates inched back down to the lowest rates in history. Now is the time to refinance or purchase a home in Delaware. Keep Reading...

The Basics of Buying a Home in Delaware

John Thomas September 7, 2007 Tags: , , , , ,

If you know what to expect and have a trusted team of real estate and mortgage-lending professionals guide you finding and financing your first home in Delaware can be an exciting and rewarding experience.There’s great personal satisfaction in having a home you can call your own and pass on to future generations. At Primary Residential Mortgage, We are committed to helping you enjoy every benefit of home ownership.

There’s great personal satisfaction in having a home you can call your own and pass on to future generations. At Primary Residential Mortgage, We are committed to helping you enjoy every benefit of home ownership. Keep Reading...

Interest Only – What is it?

John Thomas July 28, 2007 Tags: ,

Interest Only
Interest is what a borrower pays a lender over and above the original amount of the loan, as compensation for the use of the money over a specified period of time. An interest only loan requires a payment that pays the interest that has accrued on the loan for the current month, but with no principal reduction required at all for some specified amount of time, outlined in the Note signed at closing. Permanent mortgage loans normally only allow interest-only payments for lower cash flow for a specific number of years. The most common is the 5-year interest only product, yet there are many other types available in the marketplace. Keep Reading...