Tag mortgage loans

Tag mortgage loans

Delaware Mortgage Rates Weekly Update – January 16, 2012

John Thomas January 16, 2012 Tags: , ,

Delaware Mortgage Rates Weekly Update for January 16, 2012 by John R. Thomas from Primary Residential Mortgage

Delaware Mortgage Rates

The Mortgage Bond Market was closed today for Martin Luther King Jr Holiday. Mortgage bonds continue to trade at all-time highs which means mortgage rates are still at all-time historic lows. So now is still a great time to purchase a home or refinance your current Delaware Home Loan. Consumer Sentiment came in at a level not seen since May of 2011 but the real picture for shopping was shown in December sales at only 0.1% increase over November versus 0.4% expected. This was because retailers had to discount to get the sales which cut profits. Keep Reading...

Delaware Mortgage Rates Weekly Update – January 9, 2012

John Thomas January 9, 2012 Tags: , ,

Delaware Mortgage Rates weekly update for the week of January 9, 2012 – Call 302-703-0727 to apply for a Delaware mortgage loan for the purchase or refinance of a home in Delaware or APPLY ONLINE.

Delaware mortgage rates are still at all-time lows even after Friday’s job report of 200,000 jobs created and the unemployment rate coming down to 8.5%. Mortgage rates were able to stay at all time lows because the 8.5% unemployment rate is not telling the whole story, it doesn’t include all the people that stopped looking for work or that have accepted part-time work. The crisis in Europe continues and is helping to support low mortgage rates. Keep Reading...

Delaware Mortgage Rates Weekly Update – December 12, 2011

John Thomas December 12, 2011 Tags: , ,

Delaware mortgage rates weekly update for the week of December 12, 2011


Mortgage interest rates have remained at historic levels yet again even though we had some good economic news that boosted the stock market at the end of last week. We saw the jobless claims come in much lower than expected on Friday at 381,000. We also saw consumer sentiment come in at a 6 month high. Typically this would all have caused Delaware home loan rates to rise but the uncertainty over the debt crisis in Europe has helped mortgage bonds maintain and keep Delaware mortgage interest rates at historically low levels. What does this mean? IT IS A GREAT TIME to BUY or REFINANCE!!!! Keep Reading...

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...

Bank of America Exits Wholesale Lending

John Thomas October 5, 2010 Tags: ,

Bank of America has announced that it will exit the wholesale lending business. Wholesale lending is the business of working with Mortgage Brokers in order to get loans originated. This is the third time Bank of America has exited the wholesale lending business. It had most recently got back into the business when it bought Countrywide and had to absorb its huge Mortgage Wholesale business.

Bank of America had an 8% market share for wholesale lending. B of A said it was going to focus on its retail lending and its correspondent lending.  Retail lending is when you call Bank of America directly to get a loan and correspondent lending is when it buys loans from other mortgage banks after they originate and fund the loans. Bank of America retail is notorious for delayed closings and frustrated borrowers so maybe this can help them get their act together. Keep Reading...

Delaware Mortgage Rates – Wednesday July 7, 2010

John Thomas July 7, 2010 Tags: ,

I have issued an alert to lock your Delaware Mortgage Interest Rate before rates move higher. The stock market has rallied causing money to move out of the Bond Market causing Mortgage Lenders to reprice their rates for the worse. This is the second day the stock market has continued to rally. Rates have been at all-time lows so really have nowhere to go but up.

So if you are planning on refinancing your Delaware Mortgage Loan, now is the time. Call me to lock in a rate ASAP on your Delaware FHA Loan Refinance, your Delaware VA Loan Refinance, or even on a Delaware Conventional Loan Refinance. Keep Reading...

John Thomas on Comcast Channel 28 – The Congo Hour – March 14, 2010 at 8 PM

John Thomas March 14, 2010 Tags: ,

I will be a featured guest tonight on Comcast Channel 28 on the Congo Hour TV Show at 8:00 PM on March 14, 2010. I will be discussing my new book Your Guide to Buying Your First Home in Delaware Book and discussing our next Free Delaware First Time Home Buyer Seminar this coming Saturday, March 20, 2010, at the Christiana Hilton Hotel in Newark, Delaware.  There will be two sessions to choose from to attend.  The first Session is from 10 AM till Noon and the second session is from 1:00 PM till 3:00 PM.  Call John Thomas at 302-703-0727 to register or send an e-mail to DelawareMortgages@yahoo.com 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...