Delaware Mortgage Loans

University of Delaware Students registering for the Fall of 2009 with see a nearly 10% increase in the tuition.  The increase in tuition was attributed to the need to pay for financial aid.  An in state student will pay annual tuition of $8,540 and an out of state student will pay [...]

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 for Monday December 8, 2008.
Mortgage Backed securities sold off last week from the highs reached on Monday December 1, 2008.  The long term outlook is still for lower rates in January when the Feds begin buying mortgage backed securities.
Stock futures are soaring [...]

This is my daily advice on floating or locking your Delaware Mortgage Rate for Thursday November 20, 2008.
The stock market sold off yesterday about 400 pts and the DOW closed down below 8,000.  The projection for the economy is bad through-out 2009.  Car makers are on capital hill begging for a bail out.  Money is [...]

This is my daily advice on floating or locking your Delaware Mortgage Rate for Wednesday October 22, 2008.
The mortgage bond market was up again yesterday and we some some improvement in rates.  Some lenders did reprice for the worse right at the end of the day as bonds pulled back from early highs of the [...]

This is my daily advice on floating or locking your loan for Friday October 17, 2008.
The mortgage backed securities have recovered some of their big losses early this week.  They have been slow and steady getting better since mid-day Wednesday when it bounced off trading at the lows for the entire year.  So rates on [...]

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 [...]

This is my daily advice on floating or locking your Delaware Mortgage Rate for Tuesday August 26, 2008.
Monday we saw the mortgage backed securities end up which should be good for mortgage rates.  Today we had news on New home sales for July 2008 came out slightly less than expected.  Consumer Confidence came in better than expected.  The [...]

This is my daily advice on Floating or Locking your Delaware Mortgage Rate for Wednesday August 20, 2008.
Mortgage Backed Securities ended the day higher yesterday and have moved up above the 50 day moving average for the first time in 3 months.  There was bad news released for both Fannie Mae and Freddie Mac again.  [...]