Delaware Mortgage Loans - Market Update for September 14,2007
September 14th, 2007 by John Thomas
Your update for Delaware Mortgage Loans as we finish the week, we see Delaware Mortgage rates repricing for the worse today. Yesterday, I had anticipated a bounce off of technical support at the 200-Day Moving Average and a weaker than expected Retail Sales report this morning. This scenario played out exactly as predicted and it did cause Bond prices to improve upon the release of the Retail Sales report.However, bond prices have now given back the gains they made & have fallen below support at the 10-Day Moving Average. The 200-Day Moving Average may still act as a floor, but with this morning’s losses, I am recommending locking at this time because Delaware Mortgage Rates have re-priced for the worse and may reprice again at the end of the day.
I am a Delaware native who has been actively involved in the Mortgage and Finanace industries for over 10 years