Delaware Mortgage Loans

This is my daily advice on floating or locking your Delaware Mortgage Rate for your Delaware Home Loan.
The bond market is getting beaten back from the 25 day moving average.  Bonds are trading lower today as stocks rally ahead of Feds decision.   The outlook for the rest of the week is gloomy for Mortgage Bonds.  [...]

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 [...]

This is my daily advice on whether to float or lock your Delaware Mortgage Rate for August 1, 2008.
The jobs loss claims came in better than expected today 52,000 claims versus projections of 72,000.  This is unfriendly news for Delaware mortgage rates which initially caused bonds to move slightly lower.  As the traders have digested [...]

This is my daily advice on floating or locking your Delaware Mortgage Rate for July 31, 2008.
If you took my advice and floated yesterday, then you will be very happy because the mortgage bonds finished up yesterday and are off to a great start today.  Look at the graph from yesterday.

We had some very mortgage bond [...]

This is your daily advice on floating or locking your Delaware Mortgage Rate.
The mortgage bond market is looking to have a pretty good day even though it started off on a dip this morning from a better than expected jobs report.  There isn’t much other data coming in so technically bonds should improve on the [...]

This is my daily advice on floating or locking your Delaware Mortgage Rate for July 29, 2008.
Mortgage Backed Securities started off the day with a big drop which caused rates to come out lower this morning than they ended yesterday.  If you didn’t lock yesterday than floating today would have made the most sense.  We [...]

Adjustable rate Mortgages (ARMs) are loans with interest rates that can change.  ARMs usually start with lower monthly payments than fixed rate mortgages.  With a fixed rate mortgage, the interest rate stays the same during the life of the loan.  With an ARM, the interest rate changes periodically, usually in relation to an index, and payments [...]

Your Daily Advice on whether to float or lock your Delaware Mortgage Rate for your Delaware Home Loan for July 28, 2008.
Mortgage Backed Securities (MBS) are techinically looking for a rebound this week and have started off the day up. There isn’t much scheduled news this week to move the Bond Market so the technicals [...]

There will be a Free Delaware First Time Home Buyer Seminar on Saturday August 23, 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 [...]