Delaware Mortgage Rates – Market Update – June 20, 2008
June 20th, 2008 by John Thomas
Here are the daily thoughts on floating or locking your Delaware Mortgage Rate.
As always – consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Little economic news on tap for today. Big news yesterday in China raising the price of fuel for its citizens. This helped bring down the price of oil yesterday. Stocks appear to be set for another drop today – this spells good news for bonds. Stocks Dropped because oil railed today after selling off yesterday.
Technically speaking – the FNMA 6.0% 30 year bond was on a bit of a roller coaster yesterday. If bonds are able to break above current resistant levels, look for a bit of an improvement in rates.
I recommended locking in yesterday because mortgage bonds sold off at the end of the day. Today we had some nice gains and I would recommend locking in those gains in case we price for the worse at the end of the day.
If you need help with a Delaware Home Loan for the purchase or refinance of a home, please feel free to call me (John Thomas) 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. Call me at 302-703-0727 
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