Delaware Mortgage Rates – May 20, 2008
May 20th, 2008 by John Thomas
Here are the daily thoughts on floating or locking your Delaware Mortgage Loan Interest Rate.
As always – consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
The Producer Price Index (PPI) – the cost of supplies to produce consumer goods – came in below expectations. Though stripping out the volatile energy and food prices, the core PPI was higher than expected.
Technically speaking – the FNMA 5.5% 30 year bond jumped yesterday as the stock market slid from its daily high. This morning the bond is rallying due to both the PPI slipping and stock markets down around the globe.
Oil hits record $129.58 a barrel in NYMEX trading – stocks suffer. Investors flock to bonds.
Home Depot posts a 66% drop in net income due to the slowing economy and housing slump.
Thought this increase in bonds is good, they are also getting ready to bump up against a rather solid celing of resistance. I recommend floating but be prepared to take advantage of these recent improvements in Delaware Mortgage Rates if the bonds bouce off the ceiling of resistance.
If you need help with a Delaware Home Loan, please feel free to contact me by calling 302-368-7132 Ext.12.
John Thomas – Certified Mortgage Planner
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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