Delaware Mortgage Loans

With little economic data on the schedule for last week, the major economic story during the week was the continued rise in oil prices, which hit a new record high of $126 per barrel. Oil prices have nearly doubled since last summer. A major Wall Street investment bank issued a forecast this week that predicted [...]

For the week the Dow lost -2.39%, the S&P 500 -1.81%, Nasdaq -1.27%, and the Russell 2000 -0.78%. Markets around the world also offered poor weekly returns with the one key exception in Russia which soared +9%.GROWTH:  The US economy grew by +0.6% (in size) during the 1st quarter 2008 (i.e., quarter-over-quarter change expressed as an [...]

Fannie Mae announced a series of new initiatives called “Keys to Recovery” in its first quarter 2008 report this week. The new effort is geared toward providing liquidity, stability, and affordability to the housing and mortgage markets for the long term, keeping struggling borrowers in their homes, assisting prospective home buyers with home purchases, and [...]

The U.S. House of Representatives was very busy Thursday, passing The American Housing Rescue and Foreclosure Prevention Act (H.R. 3221) by a vote of 266 to 154, and The Neighborhood Stabilization Act (H.R. 5818) by a vote of 239-188. This sweeping legislation is Congress’ most comprehensive attempt yet to address foreclosures in the housing market. [...]

Here are the daily thoughts on floating or locking your Delaware Mortgage Loan Rate.
As always – consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Balance of Trade for last month was slightly lower.  Yesterday, two European banks left interest rates unchanged as a fight against inflation.  This helped [...]

Here are the daily thoughts on floating or locking your Delaware Mortgage Loan Rate.
As always – consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
It was a great day for MBS (Mortgage Backed Securities) yesterday as a sell-off in stocks prompted bond buying.  The 5.5% coupon finished [...]

Wednesday’s bond market has opened flat despite favorable economic news. The stock markets are mixed with the Dow down 20 points and the Nasdaq up 8 points. The bond market is currently nearly unchanged form yesterday’s closing level, but we will likely see a small increase in this morning’s mortgage rates as a result of [...]

Quit Claim deed is a legal document that helps to transfer your share of interest in the property (house, land, mobile home, etc) to another individual. The person giving away the interest is the grantor while the one who accepts it is the grantee. While the interest is transferred, no warranty is made [...]