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 for Monday, October 20, 2008.
The mortgage backed securities had three days of being in the green which means the bonds improved in pricing.  Improvement in the bond means home loan rates go down.  The market has started off this morning in the […]

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 whether to float or lock your Delaware Mortgage Rate for Wednesday, August 27, 2008.
The market recieved better than expected news when the durable goods report came out much better than expected.  This news should have been mortgage bond unfriendly and pushed rates higher but the bond market held its […]

This is my daily advice on whether to float or lock your Delaware Mortgage Rate for Friday August 15, 2008.
We ended the day up yesterday and the report that will move market today was the consumer sentiment report.  It is expected to come in at 62.0.  Last month’s reading was 61.2.  You can see how […]

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 […]

The Fairfax family owned business called Mitchell’s Trains, Toys, and Hobbies is now planning to close at the end of October 2008.  The store has seen a continued decline in store sales over the last 7 years.  The store has been open for the past 55 years, but today begins its going out of business […]