Delaware Mortgage Rates – November 4, 2008
November 4th, 2008 by John Thomas
This is my daily advice on floating or locking your Delaware Mortgage Rate for Tuesday November 4, 2008.
It is election day and we will be picking a new president today. Will it be John McCain or Barak Obama? The mortgage bond is trading slightly up but has been in a narrow trading range for the last 4-5 days. We are off the highs which has rates at the highest they have been all year. There isn’t much scheduled news to move bonds so will be probably trading in response to the stock market.
Oil is up again this morning on news OPEC is going to cut production. The LIBOR has fallen considerably over the last week and half from high of 4.33% down to 2.71%. This is good news which means credit market is loosening up. In the long run we could see mortgage rates come down if money starts to move back into bonds.
I am recommending FLOATING your Delaware Mortgage Rate for Tuesday November 4, 2008.
If you need advice or help with your Delaware Mortgage Rate, please call me at 302-368-7132 or send me an e-mail to DelawareMortgages@yahoo.com.
If you are a Delaware First Time Home Buyer then you should register to attend one of our monthly First Time Home Buyer Seminars. Please visit www.DelawareMortgageLoans.net/seminars for complete list.
John R. 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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