Delaware Mortgage Rates – August 29, 2008
August 29th, 2008 by John Thomas
This is my advice on floating or locking your Delaware Mortgage Rate for Friday August 29, 2008.
The Core PCE rose by 0.3% higher than we would have liked to see. This is an indication of inflation which is typically bad news for mortgage backed securities. Income fell by 0.7%, yet spending managed to increase by 0.2%. For more information visit July Income Drop
We had 4 straight days of gains and the technicals are suggesting we might experience a pull back. Bonds are already trading lower than yesterday and have fallen through the 100 day moving average.
If you have loans closing next week, I would recommend LOCKING your Delaware Mortgage Rate today. If you are not closing for 2-3 weeks you might want to consider floating.
If you need help with a Bear Delaware Mortgage Rate, please call me at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com
If you are a Bear Delaware First Time Home Buyer then you should register to attend one of our monthly Delaware First Time Home Buyer Seminars by visiting www.DelawareMortgageLoans.net/seminars
John R. Thomas – Certified Mortgage Planner – Primary Residential Mortgage, Inc.
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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