Delaware Mortgage Rates – May 14, 2008
May 14th, 2008 by John Thomas
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 expected. This rather tame reading on inflation, while normally good for bonds, has caused the stock market to improve markedly causing bonds to lose what little they gained today.
Technically speaking – the FNMA 5.5% 30 year bond which had a major downturn yesterday has since managed to bounce off of the 200 day moving average.
As you can see, we were in that trench from about 10AM to 130PM when we fell out. We are back in now, and indeed pushing the upper limits with the 5.5% at 99-27. Needless to say, a wild day. Tomorrow could be even wilder.
Though bouncing off the 200 day moving average, the best bet is to
Lock your interest rate.
I am a Delaware native who has been actively involved in the Mortgage and Finanace industries for over 10 years. Call me at 302-703-0727
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