Delaware Mortgage Rates- Market update – August 4, 2008
August 4th, 2008 by John Thomas
This is my daily advice on floating or locking your Delaware Mortgage Rate for August 4, 2008.
The Core PCE (Personal Consumption Expediture) was up 0.3% which is greater than the consensus of 0.2%. This is mortgage market unfriendly news along with income up 0.1% which consensus had at -0.2%. This income factor was affected by tax rebates. The mortgage bonds are down slightly this morning but are hovering above a key level of support.
I suggest FLOATING unless the level of support is broken. Stocks are opening lower so this could push bonds higher.
If you need help with a Newark Delaware Mortgage Rate for the purchase or refinance of a home, 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 Newark Delaware First Time Home Buyer then you should sign up for one of our monthly First Time Home Buyer Seminars. The next one is August 23, 2008 at 10:00 AM. 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