Delaware Mortgage Loans

Delaware Mortgage Rate Update - January 16, 2008

Bonds are trading worse today as traders take a profit.  The reading on inflation was not good, so this gives the Feds a reason to only drop the Fed Funds rate 0.25% instead of the anticipated 0.50%.  A cut of 0.5% is already priced into the mortgage market so if it is cut only 0.25% then the rates will get worse.

The Consumer Price Index which is a very good measure of inflation has been trending higher for the last 3 months and came in higher today.  The Feds have another report coming out at 2:00 PM today which is a read on the current ecomomic conditions in the market place.

I am suggesting to float if not closing in the next 15-20 days but be ready to lock at a moments notice.  If you are closing in the next 15-20 days lets get your loan locked ASAP.  Please call me at 302-368-7132 Ext.12