Delaware Mortgage Rates - August 20, 2008
August 20th, 2008 by John Thomas
This is my daily advice on Floating or Locking your Delaware Mortgage Rate for Wednesday August 20, 2008.
Mortgage Backed Securities ended the day higher yesterday and have moved up above the 50 day moving average for the first time in 3 months. There was bad news released for both Fannie Mae and Freddie Mac again. Their stock has been downgraded again.
Mortgage Backed Securities are ralling today so my advice is to float as we may get a lender re-price for the better today. If we close above the 50 day moving average that would be very technically significant. If you need help understanding Mortgage Backed Securities please visit http://www.mortgagenewsdaily.com/mortgage_rates/mbs-basics.asp
My Advice is to FLOAT your Delaware Mortgage Rate for today.
If you need help obtaining the best Newark Delaware Mortgage Rate for the purchase or refinance of a home, please feel free to call me 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 register to attend one of our monthly Delaware First Time Home Buyer Seminars. Please visit http://www.delawaremortgageloans.net/semianrs
I am a Delaware native who has been actively involved in the Mortgage and Finanace industries for over 10 years
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