Delaware Mortgage Rates – Market Update – July 29, 2008
July 29th, 2008 by John Thomas
This is my daily advice on floating or locking your Delaware Mortgage Rate for July 29, 2008.
Mortgage Backed Securities started off the day with a big drop which caused rates to come out lower this morning than they ended yesterday. If you didn’t lock yesterday than floating today would have made the most sense. We bounced off a support and finished the day extremely strong. Even with stocks doing very well today we still recovered almost all of the ground we lost early today. Look at Graph below.
This lends support to the theory that we may have hit the bottom for bonds and could be going up from here into the fall. What does this mean for Delaware mortgages? It means we could see much lower rates as we head into the fall.
My advice is to FLOAT your Delaware Mortgage Rate into tomorrow.
If you need help with a Delaware Home Loan for refinance or purchase, please feel free to call me (John Thomas) at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com
If you are a Delaware First Time Home Buyer, then you will want to sign up for one of our Delaware First Time Home Buyer Seminars, please visit www.DelawareMortgageLoans.net/seminars for more information.
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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[...] Delaware News » News Delaware Mortgage Rates – Market Update – July 29, 20082008-07-31 15:04:17Then for one of our Delaware First Time Home Buyer Seminars, please visit http://www.DelawareMortgageLoans.net/seminars for one of our Delaware First Time Home Buyer, then you will want to sign up for more information. then you are a Delaware First Time Home Buyer, then you are a Delaware First Time Home. Quote: If you are a Delaware First Time Home Buyer, then you will want to sign up for one of our Delaware First Time Home Buyer Seminars, please visit http://www.DelawareMortgageLoans.net/seminars for more information. [...]