In response to the passing of HR 3221, this update announces FHA’s new Mortgage Insurance Premiums for the period of October 1st, 2008 through September 30th, 2009. FHA’s Risk Based Premiums that went into effect on July 14th, 2008 will be on hold until October 1st, 2009. Here are the 6 things you need to… Continue Reading
Monthly Archives: September 2008
Delaware Mortgage Rates – September 4, 2008
This is my daily advice on floating or locking your Delaware Mortgage Rate for Thursday, September 4, 2008. Jobless Claims came in worse which is good news for mortgage bonds. Mortgage Backed Securities are trading much higher today and have broken through the 200 day moving average. If you have been floating then you will… Continue Reading
Delaware Mortgage Rates – September 3, 2008
This is my advice on floating or locking your Delaware Mortgage Rate for Wednesday September 3, 2008. There isn’t much scheduled news to be released today. Bonds started off trading lower but have recovered to be even with the close from yesterday. Oil is continuing its downward spiral as it trades lower on stronger dollar… Continue Reading
Delaware Mortgage Rates – September 2, 2008
This is my daily advice on floating or locking your Delaware Mortgage Rate for Tuesday September 2, 2008. Stocks have rallied today on the news that Oil prices have retreated to below $110 a barrel on news of hurricane Gustav not doing very much damage. The rally in stocks has taken some money out of… Continue Reading
Weekly Financial News Update – Week of September 1, 2008
GROSS DOMESTIC PRODUCT: Second quarter GDP growth was revised upward to an annual rate of +3.3% from the earlier estimate of +1.9%. This was surprising. Much of the gain was due to rising exports and falling imports, both due to the weakened dollar. In addition, consumer spending for the quarter was a robust +1.7%, partly… Continue Reading