The good newsis, interest rates HAVE NOT skyrocketed.

This guest post comes to us from our friend, Pete Green, Branch Manager at Atlantic Bay Mortgage Group.

With the onset of strong home sales, housing starts, higher import price, and other key economic factors, not to mention Federal Reserve rate increases, experts pegged 30-year rates to [...]

With the increasing debt facing many Boomers today, it may be wise to consider other options besides a mortgage in retirement.

Is getting a mortgage in retirement the best idea for you? Delaware real estate broker, Kathy Sperl-Bell of Active Adults Realty discusses the realities of mortgage debt for today's Boomers and the options they [...]

Retirees who take the right steps and avoid these common pitfalls can qualify for a mortgage for their Delaware retirement home.

In today's Ask The Broker video, Kathy invites guestPete Green of Atlantic Bay Mortgage Group to discuss if retirees can obtain a mortgage to purchase their retirement home and what they can do to qualify. Learn [...]

Houses are a big monetary decision. Knowing how good we have it now compared to historical mortgage rates promotes a healthy home buying perspective.

With the conflicting reports on the rise of mortgage rates I decided to ask an expert and share these answers with you. I went directly to Pete Green, Branch Manager, Atlantic Bay Mortgage [...]

Should I Purchase My Retirement Home Using a Reverse Mortgage?

This is a question we often get asked by our clients who are relocating to Delaware. Financing options are always top of mind when you retire and more so when you relocate and retire. There are several financial options to consider. Of course, you may pay CASH, but that may not [...]

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 target rate at their December [...]

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 to buy now or wait until next [...]

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: "New research from the Federal Reserve suggests the [...]

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
[...]

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 recent home [...]