Delaware Mortgage Rates – October 17, 2008
October 17th, 2008 by John Thomas
This is my daily advice on floating or locking your loan for Friday October 17, 2008.
The mortgage backed securities have recovered some of their big losses early this week. They have been slow and steady getting better since mid-day Wednesday when it bounced off trading at the lows for the entire year. So rates on Wednesday were as high as they have been all year. Now we have seen rates start to come back down.
The bond is up this morning in pre-market trading so if it holds, lenders should give you an 1/8 better on your rate today versus yesterday. Stocks are trading lower in pre-market trading and Oil is trading about $70 a barrell. OPEC has announced will cut production again. They really would like to see oil at $100 a barrell, of course nobody else in the world would. New Home Construction falls see report at http://biz.yahoo.com/ap/081017/economy.html
My advice is to FLOAT your Delaware Mortgage Rate for Friday October 17, 2008.
If you need help or advice with your Newark Delaware Mortgage Rate, please give me a call at 302-368-7132 or send me an e-mail to DelawareMortgages@yahoo.com.
If you are a Newark Delaware First Time Home Buyer then you should register to attend our Delaware First Time Home Buyer Seminar on Saturday October 25, 2008 at 10:00 AM. Please visit www.DelawareMortgageLoans.net/seminars for complete list of 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