Delaware Mortgage Loans

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.

The Bond market today is down so far in the morning waiting on the Fed Decision later today.  The market will be extremely volatile awaiting the decision.  We had some nice improvement on rates yeserday but some lenders came out this morning with some worse pricing.

New Home Sales for May came out today at 512,000, which was in line with expectations, but was down from April’s report.  The median price of a home sold was also down by 5.7 percent from a year ago.  The median home price was $231,000.  The inventory of unsold homes was up to 10.9 months.

The durable goods order came in at expectations, which was higher than last month.  With all of the volatility today, I would recommend locking in your rate if you haven’t already.

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