Delware Mortgage Rates - June 17, 2008
June 17th, 2008 by John Thomas
Here are the daily thoughts on floating or locking you 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.
Building Permits and Housing Starts came in almost exactly where they were predicted to be. Producer Price Index (PPI) came in higher than expected, though core PPI came in exactly on target (good news). Capacity Utilization and Industrial Production both came in below expectations.
Technically speaking - the FNMA 6.0% 30 year bond fell yesterday to support levels. This morning it appeared to be taking a nice bounce with the core PPI news. Bonds are still in an oversold position leaving a lot of room on the upside. The Bond went up, down then back up today.
I am recommending floating right now, but be ready to lock at a moments notice because the market is still extremely volatile.
If you need help with a Delaware Mortgage Loan either for the purchase of a home or the refinance of your existing Delaware Home Loan, then please feel free to call me at 302-368-7132 Ext.12 or send me an e-mail to DelawareMortgages@yahoo.com
I am a Delaware native who has been actively involved in the Mortgage and Finanace industries for over 10 years
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