Delaware Mortgage Loans

U.S. home values continued to slide for the eighth consecutive quarter, declining 11.6 percent from a year ago, and falling 17.5 percent since the market peak in 2006. Additionally, one in five homes sold in the past 12 months was a foreclosure, and one in six of all homeowners have negative equity. Those are the […]

If you have a Delaware FHA Loan then you could qualify for a FHA Streamline Refinance.  A streamline refinance allows you to lower your mortgage rate without verifying your income or your assets.  Your credit score or report is not checked and there is no appraisal of your property.  The only thing that is checked […]

This is my daily advice on floating or locking your Delaware Mortgage Rate.
Two big reports released this morning.  The first report is the GDP which came out a lot better than expected and is being attributed to economic stimulus checks and exports.  This is a gross measure of growth.  The second piece of news was […]

This is my daily advice on whether to float or lock your Delaware Mortgage Rate for Thursday August 21, 2008.
The mortgage back securities have experienced some selling pressure this morning and the bond is down.  Lenders may come out with re-price for the worse.  With so much gain in MBS over the last couple days, […]

This is my daily advice on floating or locking your Delaware Mortgage Rate for August 13, 2008.
The stock market is trading lower today after disappointing Retail Sales Report was released this morning.  There isn’t much economic news today to swing the market either way.  The bonds are trading better than yesterday and technically are trading […]

There will be a Free Seminar on Understanding Credit & Credit Repair on Saturday September 13, 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 […]

Christina School District in Delaware will be getting a new Chief Financial Officer starting in August 2008.  The school board approved Robert A. Silber as the new District CFO at is regular scheduled school board meeting in July 2008.
 
Mr. Silber brings more than 25 years of experience in financial leadership positions to his new […]

This is my daily advice on Locking or Floating your Delaware Mortgage Rate for Thrusday August 7, 2008.
The mortgage rates have risen dramatically this week because of the Fed Meeting on Tuesday and the report of a huge loss at Freddie Mac.  If you haven’t already locked your Delaware mortgage rate, then your best bet […]

Here is the announcement published July 30, 2008 from USDA; 
Additional Funding Imminent for Guaranteed Loan Program
As credit concerns have tightened access to mortgage funding in the United States this year, a record volume of requests have come in to USDA Rural Development for Section 502 Guaranteed loans. We appreciate the hard work that you, our […]

There is a Free Budgeting Seminar on Wednesday August 6, 2008 from 6:30 PM till 7:30 PM at Primary Residential Mortgage’s office in Newark, Delaware.  There is still room left so call now to register 302-368-7132, ask for John Thomas or send an e-mail to DelawareMortgages@yahoo.com.  The seminar will cover how to track your income […]