Delaware Mortgage Loans

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.