Delaware Mortgage Rates came out lower today because of the news yesterday plus the anticipation of the release of the jobless claims. The 5.5% coupon fell 13/32nds this morning bringing us to 100-04. The reasons for this are not entirely straightforward. Jobless claims released today were 365k. This was better than the expected 370k, but… Continue Reading
Monthly Archives: May 2008
Delaware Mortgage Rates – Update for May 21,2008
As discussed yesterday, each time the price curve on the 5.5% coupon approaches 101-00, we begin to encounter resistance, and it will likely take an incontrovertibly grim economic outlook to create sufficient demand to push us higher. A 200 point drop in the Dow would be enough, but only if the index itself were much… Continue Reading
Delaware Mortgage Rates – May 20, 2008
Here are the daily thoughts on floating or locking your Delaware Mortgage Loan Interest Rate. As always – consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. The Producer Price Index (PPI) – the cost of supplies to produce consumer goods – came in below expectations. … Continue Reading
Delaware Mortgage Market Weekly Recap – May 19, 2008
Mortgage bond prices remained near unchanged last week holding Delaware Mortgage interest rates steady. Trade continued to be extremely volatile with discount points rising and falling by as much as 1/2 on a near daily basis. Once again, gyrating oil prices caused much of the volatility. The price of a barrel moved as much as… Continue Reading
Weekly Financial News Update – Week of May 19, 2008
HOME PRICES: This past week, I reviewed the median home price information for the 80 highest priced metropolitan areas for the last three years (2005-2007) as complied by the National Association of Realtors using U.S. Census Bureau information. Over the two year period, only 16 are down. Two are in California, six are in New England, four… Continue Reading
Delaware Mortgage Rates – May 15, 2008
Here are the daily thoughts on locking or floating your Delaware Mortgage Rate for May, 15, 2008. Here’s the News That’s Moving Markets Today: 1. Empire State MFG Survey This report was much higher than expected last month, and we had hoped that would be an outlier as opposed to a sign of economic… Continue Reading
Downtown Newark’s 2008 Summer Events – Newark, Delaware
The following events are sponsored by the Downtown Newark Partnership May 2008 Events 5/8 thru 5/29 – Spring Concert Series on Academy Lawn every Thursday Evening from 7-8 PM 5/18 – Memorial Parade – Sunday at 1 PM June 2008 Events Every Thursday in June – Spring Concert Series on Academy Lawn from 7-8… Continue Reading
Delaware Mortgage Rates – May 14, 2008
Here are the daily thoughts on floating or locking your Delaware Mortgage Rate for May 14, 2008. As always – consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. Consumer Prices came in below target expectations today. Both the regular and the core were lower than… Continue Reading
Delaware Mortgage Rates – May 13, 2008
Here are the daily thoughts on floating or locking your Delaware Mortgage Rate. As always – consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation. Retail sales came in exactly on target. Unfortunately, sales minus the ever fluctuating auto industry came in better than expected. This… Continue Reading
Free Delaware First Time Home Buyer Seminar – May 31, 2008
There will be a Free Delaware First Time Home Buyer Seminar on Saturday May 31, 2008 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. … Continue Reading