It is official: FHA was given authority on September 3, 2010 to change the amount charged to borrowers for both the Up Front Mortgage Insurance Premium and the Annual Mortgage Insurance premiums…and change them they did. This will impact how you write up a Delaware FHA purchase agreement, as well as any monthly payments you might estimate The new… Continue Reading
Monthly Archives: September 2010
Delaware First Time Home Buyer Seminar – October 23, 2010
There will be a Free Delaware First Time Home Buyer Seminar on Saturday October 23, 2010 at 10:00 AM and again at 1:00 PM. The seminar will last about 2 hours and each participate will be able to recieve a free copy of their tri-merge credit report. The seminar will cover all of the basics of… Continue Reading
Delaware Mortgage Rates for Week of September 26, 2010
This week brings us the release of five relevant economic reports for the bond market to digest in addition to two relevant Treasury auctions. There is nothing of importance scheduled for release tomorrow, so look for the stock markets to influence bond trading and possibly mortgage rates. Generally speaking, stock market strength makes bonds less… Continue Reading
Delaware Mortgage Rates for Week of 9-20-2010
This week brings us the release of five relevant economic reports in addition to another FOMC meeting. Only one of the factual reports is considered to be of high importance. In fact, most of the economic news is considered to be low or moderately important. This should help limit the possibility of significant changes to… Continue Reading
Delaware Mortgage Rates for Week of September 12, 2010
This week brings us the release of five relevant economic reports that may influence Delaware mortgage rates. A couple of these reports are considered to be highly important to the financial and mortgage markets, meaning that we may see significant changes to rates this week. There is a very good chance of seeing noticeable changes… Continue Reading
Delaware Mortgage Rates for Week of September 6, 2010
This week brings us the release of only two pieces of economic data, but neither of them are considered to be highly important. In addition to the economic releases, we also have two Treasury auctions that may play a role in this week’s mortgage pricing. The financial and mortgage markets will closed Monday in observance… Continue Reading
Delaware FHA Mortgage Insurance Change Official October 4, 2010
FHA MIP Changes Now Official for Delaware Home Owners and Delaware Home Buyers With the passing of H.R. 5981 and the resulting Public Law 111-229, FHA was given authority to change the amount charged to borrowers for both the Up Front Mortgage Insurance Premium and the Annual Mortgage Insurance premium. These changes that are outlined in Mortgagee Letter… Continue Reading