The Mortgage Market of Delaware, LLC is a locally owned and operated family business.
Information
- Location:
- Milford, DE, 19963
- Phone:
- 302-422-4414
The Mortgage Market of Delaware The staff of The Mortgage Market of Delaware would like to say "thank you" to all of our clients, realtors and other referral sources for making 2009 a "record" year. We hired 3 new people, opened a Dover office (735-9800) and will be expanding to other regional areas soon. We appreciate the confidence that has been sh...own to us. We plan to have an equally great 2010. HAPPY NEW YEAR to everyone !!
The Mortgage Market of Delaware
The national housing supply fell to a 2-year low last month, according to the National Association of Realtors®.
At the current sales pace, existing home inventories would sell out in 7.8 months -- 30 percent faster versus November 2008.
www.realtor.org
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The Mortgage Market of Delaware Real Estate Industry Round Table tonight. Hilton Garden Inn in Dover from 6:00 - 8:30 P.M.We are expecting some media coverage so the "positive" outlook on the housing industry will be a welcome change. Please let us know if you are planning to attend as appetizers and beverages will be available. Let us know if you can come.
The Mortgage Market of Delaware PMI companies are loosening up on their guidelines- a sign the mortgage industry is improving!
The Mortgage Market of Delaware The US House of Representatives voted 416 to 0 in support of extending the first time home buyer tax credit to military families who have served overseas for three months in 2009. It also waives the "recapture" rules for any service member who is deployed and must sell or rent their home.
activerain.com
The USHouse of Representatives overwhelming voted to extend the first time home buyers credit for an additional 12 months to anyone in the military who has served overseas for three months in 2009. In a vote of 416 to zero the bill now has to go the US Senate and the,
The Mortgage Market of Delaware is planning our busy month ahead. We'll be at the Big Boys Toys show at Dover Downs on the 17th and the Dover Mall Home Show on October 17 and 18. Come see us in our new office located in the Greentree Village Shopping Center in Dover!
The Mortgage Market of Delaware The months of existing housing supply has fallen nearly a year! To home buyers and home sellers, this is huge. Home prices are based on supply and demand and with supplies plummeting, it means that home prices are poised to rise.
The Mortgage Market of Delaware FHA delinquency rates have hit 19%. Lenders will be looking at brokers much more closely to perhaps buy back some of these FHA loans that have gone bad. This will put numerous brokers out of business since many brokers have been doing 75% of their business through FHA. The FHA can not sustain a delinquency rate of 19%.... In summary- FHA underwriting is going to become very strict!! Another reason we don't offer FHA.
The Mortgage Market of Delaware The Pending Home Sales Index posted its 6th consecutive monthly gain in July. After a meteoric rise that started in January, the index is now at its highest levels in more than 2 years.
The Mortgage Market of Delaware 18 of 20 markets tracked by the Case-Shiller Index showed rising home values in June. It's the 5th consecutive month with strong numbers and the best showing for the benchmark housing index since home values began deflating in 2006. Another sign of good things to come!
The Mortgage Market of Delaware would like to welcome our two new loan officers, Kathy Rash and Kelly Foster, to our team! We are so excited to have you join us!
The Mortgage Market of Delaware Today, the Fed Funds Rate is as low as it's ever been -- resting in a "target range" of 0.000-0.250 percent. The Fed isn't expected to change that. However, just because the Fed Funds Rate won't be changing doesn't mean that mortgage rates won't be changing. Depending on what the FOMC says in its post-meeting press rel...ease, mortgage rates could rise or fall -- maybe even by a lot.
The Mortgage Market of Delaware FHA is raising the credit score requirement to 640. Think outside the box and recommend a USDA loan to your clients. 100% financing, no PMI, seller can pay all closing costs, and first time home buyers can receive an $8000 tax credit if they purchase before or on November 30, 2009. The Mortgage Market of Delaware offer...s the USDA Guaranteed Program, which allows for higher income than the Direct Program. Call us today
The Mortgage Market of Delaware The number of homes under contract to sell rose in June for the fifth straight month. It's the Pending Home Sales Index's longest winning streak since 2003 and another piece of evidence that the housing market may be rebounding.
