Delaware Mortgage Rates – October 8, 2008
October 8th, 2008 by John Thomas
This is my daily advice on floating or locking your Delaware Mortgage Rate for Wednesday, October 8, 2008.
The Federal Reserve cut the Fed Funds Rate by 0.5% in conjuction with other World Banks. This has set the market into wild trading with the Dow swinging from 300 points down to 170 points up to back down to back up and will probably continue the rest of the day. The mortgage backed securities have also been swining from positive to negative in response to the market.
The bond is still trading above the 25 day moving average and keeps boucning off it every time it trades down so I am recommending you Float your Delaware Mortgage Rate for today.
If you need help with a Delaware Mortgage Rate please feel free to call me at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com.
If you are a Delaware First Time Home Buyer then you should sign up to attend one of our Monthly First Time Home Buyer Seminars. Please visit www.DelawareMortgageLoans.net/seminars for more information.
John Thomas – Certified Mortgage Planner – Primary Residential Mortgage
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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