Delaware Mortgage Loans

This is my daily advice on floating or locking your Delaware Mortgage Rate for Tuesday October 14, 2008.
The stock market rallied on Monday to experience its biggest one day gain in history.  The market started off this morning building on that rally but ended the day down 76 points.  The Bond market faired much worse.  […]

There will be a Free Seminar on Understanding Credit & Credit Repair on Saturday October 11, 2008 at Primary Residential Mortgage’s Office in Newark, DE from 10:00 AM till 12:00 PM.  The seminar will cover the current credit scoring model and go over in detail each of the 5 scoring categories along with how much each […]

There will be a Free Delaware First Time Home Buyer Seminar on Saturday October 25, 2008 at 10:00 AM. 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 buying a new home in […]

This is my daily advice on floating or locking your Delaware Mortgage Rate for Friday October 10, 2008.
There is “Blood in the Streets”!! The global markets are selling off as well as our own back yard.  Cash is king right now and nobody is buying or lending money.  Money is being pulled out of everything […]

This is my daily advice on floating or locking your Delaware Mortgage Rate for Wednesday, October 8, 2008.
The Federal Reserve cut the Fed Funds Rate by 0.5% in conjuction with other World Banks.  This has set the market into wild trading with the Dow swinging from 300 points down to 170 points up to back […]

In response to the passing of HR 3221, this update announces FHA’s new Mortgage Insurance Premiums for the period of October 1st, 2008 through September 30th, 2009. FHA’s Risk Based Premiums that went into effect on July 14th, 2008 will be on hold until October 1st, 2009.
Here are the 6 things you need to know […]

This is my daily advice on floating or locking your Delaware Mortgage Rate for Thursday, September 4, 2008.
Jobless Claims came in worse which is good news for mortgage bonds.  Mortgage Backed Securities are trading much higher today and have broken through the 200 day moving average.  If you have been floating then you will see […]

This is my advice on floating or locking your Delaware Mortgage Rate for Wednesday September 3, 2008.
There isn’t much scheduled news to be released today.  Bonds started off trading lower but have recovered to be even with the close from yesterday.  Oil is continuing its downward spiral as it trades lower on stronger dollar and […]

This is my daily advice on floating or locking your Delaware Mortgage Rate for Tuesday September 2, 2008.
Stocks have rallied today on the news that Oil prices have retreated to below $110 a barrel on news of hurricane Gustav not doing very much damage.  The rally in stocks has taken some money out of bonds […]

GROSS DOMESTIC PRODUCT:  Second quarter GDP growth was revised upward to an annual rate of +3.3% from the earlier estimate of +1.9%. This was surprising.  Much of the gain was due to rising exports and falling imports, both due to the weakened dollar.  In addition, consumer spending for the quarter was a robust +1.7%, partly […]