Posted in Delaware Mortgage Loans, Delaware Mortgage Rates, Financial News Update, Mortgage News on February 22nd, 2010 4 Comments »
The Federqal Reserve decided to raise the Discount Rate from 0.5% to 0.75% last week. The increase took effect today Monday February 22, 2010. The Discount Rate is the rate the federal reserve charges bank to borrower money from the Federal Reserve. The Feds said they were keeping the Federal Funds [...]
Posted in Delaware Mortgage Loans, Delaware Mortgage Rates on February 21st, 2010 2 Comments »
Most lenders right now will cap the maximum number of financed properties at 4. But Fannie Mae recently relaxed there guidelines to 10 properties total. Problem is most lenders still have the cap at 4. Can you get a loan if you have more than 4? The answer is yes, but there are some tough [...]
Posted in Delaware Mortgage Loans, Delaware Mortgage Rates on February 10th, 2010 1 Comment »
Delaware home buyers have been kept inside searching on their computers after a second snow storm paralyzes the state. Snow began to fall shortly after 6:30 PM on Tuesday and kept going all through the day on Wednesday.
State offices were closed today February 10th and state of emergency is in effect and will be in [...]
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