Delaware Mortgage Loans

This is my daily advice on floating or locking your Delaware Mortgage Rate for Friday February 27, 2009.
Mortgage bonds moved higher initially this morning but have since given back any gains as the stock market rallied on better than expected consumer confidence.  The government is taking a 36% stake in CitiGroup. Here [...]

The income limits for Delaware USDA Rural Housing Loans are based on the number of people in the house and the county that the property is located.
New Castle County Maximum Income Limits for 2009
1 Person    2 Person    3 Person   4 Person   5 Person   6 Person    7 Person
$61,100     $69,800   $78,550    $87,250    $94,250    $101,200   $108,200
Kent County & Sussex County [...]

Delaware USDA Rural Housing Loans can be used to purcahse a home and allow you to borrower up to 102% of the appraised value.  This is a big different from Delaware conventional loans and other government loans.  Every other loan bases the maximum amount you can borrower off the LOWER of the purchase price or [...]

This is my daily advice on floating or locking your Delaware Mortgage Rate for Thursday February 26, 2009.
The mortgage rates stayed pretty much the same as yesterday.  We are about 0.375% worse than when we started the week.  We experienced a big sell off in bonds this week as investors decided to buy up in [...]

This is my daily advice for floating or locking your Delaware Mortgage Rate for Wednesday, February 25, 2009.
Mortgage Bonds opened up down this morning but are still trading in a tight range.  The stock market gave back much of the gains it experienced yesterday.  Obama’s speech didn’t do much to lift the markets this morning.
I [...]

The American Recovery and Reinvestment Act of 2009 was passed last Tuesday and part of the bill reinstated the higher Delaware FHA loan limits of 2008.  The Delaware FHA loan limits for 2009 were raised as follows;
New Castle County      $420,000                Previous – ($376,000)
Kent County               $417,000                Previous – ($271,050)
Sussex County           $417,000                Previous – ($312,000)
The loan limit has [...]

This is my daily advice on floating or locking your Delaware Mortgage Rate for Tuesday February 24, 2009.
The stock market recovered today after hitting a 12 year low.  The recovery in the stock market pulled some money out of the  bond market.  The mortgage backed securities finsihed the day down 16 basis points.  It is [...]

The income limits for Delaware USDA Rural Housing Loans are based on the number of people in the house and the county where the property is located.
New Castle County Maximum Income Limits for 2009
1 Person    2 Person    3 Person   4 Person   5 Person   6 Person    7 Person
$61,100     $69,800   $78,550    $87,250    $94,250    $101,200   $108,200
Kent County & Sussex County Maximum [...]

This is my daily advice on floating or locking your Delaware Mortgage Rate for Monday, February 23, 2009.
Stocks were lifted at the beginning of the day but sold off after bad news from GE, AIG, and CitiGroup.  Mortgage backed securities traded in a tight range and finished the day almost unchanged.  Bonds have still not [...]

There will be a Free Budgeting Seminar on Wednesday March 11, 2009 from 6:30 PM till 7:30 PM at the Primary Residential Mortgage’s Office in Newark, Delaware.  The seminar will cover the basics of making a household budget, how to track daily, weekly, and yearly expenses, and how to use your budget as part of an overall [...]