Delaware Mortgage Rates - September 4, 2008
September 4th, 2008 by John Thomas
This is my daily advice on floating or locking your Delaware Mortgage Rate for Thursday, September 4, 2008.
Jobless Claims came in worse which is good news for mortgage bonds. Mortgage Backed Securities are trading much higher today and have broken through the 200 day moving average. If you have been floating then you will see better rates today than yesterday. There could be some profit taking but if close above 200 day moving average today and again tomorrow that would be very significant because that would set a new floor of support at the 200 day moving average.
My advice is to FLOAT your Delaware Mortgage Rate for Thursday September 4, 2008.
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