Delaware Mortgage Loans

     There will be a Free Seminar on Understanding Credit & Credit Repair on Saturday March 14, 2009 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 [...]

This is my daily advice on floating or locking your loan for Friday, February 20, 2009.
The mortgage backed securities (MBS) have opened higher this morning on weak stock reports.  The CPI (Consumer Price Index) came out this morning as expected which is good news because this is a meaure of inflation an a sign of increasing inflation [...]

This is my daily advice on floating or locking your Delaware Mortgage Rate for Thursday February 19, 2009.
The PPI index rose unexpectedly when reported today.  The PPI is a measure of inflation.  Higher inflation is bad news for fixed income investments like mortgage bonds.  Mortgage bonds sold off when news was released, Bonds traded in [...]

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 are looking to purchase a home or refinance a home and have a FICO score below 580, 99% of lenders will not even be able to help you. Wells Fargo and Chase just made their minimum credit score 620 for all loan programs.  Sun Trust just made their minimum FICO score 640 for all [...]

This is my daily advice on floating or locking your Delaware Mortgage Rate for Thursday February 12, 2009.
The mortgage bond is at a tough point of resistance after several days of gains.  Rates are again at a pretty good low point.  Mortgage bonds appear to be getting ready to bounce down off the resistance.  This [...]

This is my daily advice on floating or locking your Delaware Mortgage Rate for Tuesday February 10, 2009.
Today we saw the 2nd day that mortgage bonds traded higher.  The 4.5% mortgage bond ended the day higher by 47 basis points.  We saw lenders reprice for the better today.  We are still off the lowest rates [...]

There will be a Free Delaware First Time Home Buyer Seminar on Saturday February 21, 2009 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 Delaware. [...]