Category Archives: Mortgage Information

Information pertaining to Mortgages

The Fed Raised Rates: What Does that Mean?

You may have heard that the Federal Reserve raised rates… But what does that mean if you are looking to buy a home in the near future? Many in the housing industry have predicted that the Federal Open Market Committee (FOMC), the policy-making arm of the Federal Reserve, would vote to raise the federal fund’s […]


Where Are Interest Rates Heading?

How long will Interest Rates remain at these historic lows? The interest rate you pay on your home mortgage has a direct impact on your monthly payment; The higher the rate, the greater your payment will be. That is why it is important to look at where the experts believe rates are headed when deciding […]


How to Qualify for a Lower Interest Rate

Did You Know… If Just One Of You Apply You Could Qualify for a Lower Rate! Ken Harney, at The Nation’s Housing posed this question: When you and a spouse or partner apply together for a home loan, could you be leaving money on the table by paying too high an interest rate? His answer: […]


Existing Home Sales Bouncing Back

Despite Low Home Inventories, Existing Home Sales Are Bouncing Back!   According to Keeping Current Matters, the highlights in Home Sales Bouncing Back Graph are: Sales in December were 14.7% higher than those in November, marking the largest month-over-month increase ever recorded. Inventory levels are still below historic norms at 3.9-months supply. Median home price […]


Saving Strategies For A Down Payment

Saving for a home can take time for home buyers. What is the length of time Buyers take to save for a down payment? What are your saving strategies for a Down Payment? According to a post in Economist Commentaries, by Jessica Lautz, Director, Survey Research and Communications at the National Association of REALTORS®, “Among […]



A Buyer’s Purchasing Power

Commentary By Gail Alm at Fairway Independent Mortgage One of the things I can always count on when talking with someone about real estate and financing it they will always ask me, “What do you think is going to happen with interest rates?”  and “What are the current interest rates?” There are so many factors […]


Use a Local Mortgage Company in Coastal Delaware

Why do we recommend that you use a local mortgage company when buying a home in Coastal Delaware? This month we had several settlements in which our Buyer clients had decided to obtain a mortgage from one of the big banks or mortgage companies. In one case, the clients had maintained a relationship with that […]


Choose your own settlement attorney in Delaware

In Delaware, the Buyer chooses the settlement attorney and the attorney represents the Buyer, not the Seller. If the Seller wishes to retain their own counsel, they may do so, but you should not give up your right to representation by your own attorney Use your own Attorney In new construction, it has become common […]