Tag Delaware

Tag Delaware

Dover Home Buyer Seminar March 7, 2015

John Thomas January 24, 2015 Tags: , , , , ,
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Delaware First Time Home Buyer Seminar on Saturday March 7, 2015 at 10 AM in Dover, Delaware. The seminar will last about 2 hours and each participate will be able to receive a 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 FHA loans, Delaware VA loans, Delaware USDA Rural Housing Loans, First Time Home Buyer Loan Programs and the FHA 203k Rehab loans. You will be able to get pre-approved at the seminar by a Delaware Mortgage Company. Keep Reading...

Mortgage Rates Weekly Update for January 26, 2015

John Thomas January 24, 2015 Tags: , , , , ,
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Mortgage Rates weekly market update for the Week of January 26, 2015 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager and the author of the best selling book, Your Guide to Buying Your First Home in Delaware.

Mortgage Rates moved higher last week after the stock market rallied.  If you look at the mortgage bond chart below you can see mortgage bonds had a big sell-off on Monday to start the week but were able to find a bottom on Thursday and bounce off support and follow through on Friday as Stocks turned negative on Friday.  We recommend FLOATING your Mortgage Rate to start the week to see if the bond can follow through on their bounce off support last week. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update for January 13, 2014

John Thomas January 12, 2014 Tags: , , , , , , , ,

Delaware Mortgage Rates weekly mortgage rate update for the Week of January 13, 2014, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Newark, Delaware Branch Manager and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates dropped lower on Friday after a very unexpected and disappointing jobs report was released by the U.S. Labor Department. If you look at the mortgage bond chart below you can see the big green candle on Friday where bond market rallied on the bad economic news coming out of the December 2013 Jobs Report. Mortgage bonds had been trading lower all week and moving mortgage interest rates higher in anticipation of another good jobs report. We are recommending FLOATING your Delaware Mortgage Rate to start the week to see if mortgage bonds can ride the bad news from the job report and move home loan rates lower. But we may have to switch to a locking stance as the bond was capped from moving higher by resistance at 103.86 and also the intersection of the 50-day moving average and the 100 days moving average. If bonds begin to sell off then we would suggest locking in these unexpected gains as the long term trend for mortgage rates is for them to continue to move higher throughout the year. Keep Reading...

Delaware Conforming Loan Limits Remain the Same for 2013

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

The maximum loan limit for Freddie Mac and Fannie Mae loans in 2013 for loans made in Delaware will remain the same as it was in 2012. The Federal Housing Finance Agency (FHFA) announced on Thursday, November 29, 2012, that the baseline limit that will apply to most of the country will be $417,000 for one unit properties. Below is a chart showing the conforming loan limits for New Castle County, Delaware; Kent County, Delaware’ and Sussex County, Delaware:

Number of Units:  Max Delaware (Kent, New Castle, & Sussex Counties) Loan Limit 1 Unit $417,000 Keep Reading...

Delaware VA Loans – Free Online Workshop – November 9, 2010

John Thomas November 6, 2010 Tags: ,

Free Online Workshop for Delaware Veterans who want to know the 10 Insider Tips on Delaware VA home loans. Online Workshop is scheduled for Tuesday, November 9, 2010, at 8:30 PM. The seminar will explain in detail, the top 10 questions veterans ask about VA Home Loans. The seminar is held every week on Tuesday evening at 8:30 PM so if you can’t make it this Tuesday you can register for the next one.

Attend the Free Online Workshop from the comfort of your own home by registering online. You can get all your questions answered live during the Online Workshop. Keep Reading...

Delaware Bans Cell Phone While Driving 01/02/2011

John Thomas July 7, 2010 Tags: ,

The State of Delaware has passed a bill that will make it illegal to talk on your cell phone in your car unless you are using a hands-free device. When Gov. Jack Markell signed the bill, it made Delaware the eighth state to ban hand-held mobile devices.

The ban goes into effect on January 2, 2011. The bill exempts police, firefighters and emergency personnel. The violation is $50 fine and another $50 rise on each subsequent offense but cannot exceed $200. The good news is there are no points for these violations and they are not put onto your driving record. Keep Reading...