Delaware Mortgage Rates - Update for September 24, 2007
September 24th, 2007 by John Thomas
Mortgage Bond prices have changed very little so far today and are right at important support at the 200-day Moving Average. Commodity prices, including gold and crude oil, continue to move higher, which is a concern for bonds because of inflation pressure.
There are no economic reports on the schedule today but later in the week the Core Personal Consumption Expenditure Index (PCE), the Fed’s favored gauge of consumer inflation, will be released. All ears and eyes will be glued to this report for any hint of consumer inflation.
If bond prices can remain above the 200-day Moving Average, I will recommend to Float your Delaware Mortgage Rate until this floor is convincingly broken.
I am a Delaware native who has been actively involved in the Mortgage and Finanace industries for over 10 years