Delaware Mortgage Loans

The Federqal Reserve decided to raise the Discount Rate from 0.5% to 0.75% last week.  The increase took effect today Monday February 22, 2010.  The Discount Rate is the rate the federal reserve charges bank to borrower money from the Federal Reserve.  The Feds said they were keeping the Federal Funds Rate unchanged at near […]

This is my daily advice on locking or floating your Delaware Mortgage Rate for Friday October 16, 2009.
Mortgage rates have steadily increased since hitting record low last Friday.  The mortgage bond lost some 120 basis points since last Friday causes mortgage rates to increase.  Rates are still near historic lows but the pressure is for […]

This is my advice on floating or locking your mortgage rate for Friday August 7, 2009
We started the day off with great news for the economy, much better than expected unemployment numbers.  The job loss report was 247,000 versus expected 317,000 and the unemployment rate was 9.4% which was lower than the 9.6% expected.  The […]

This is my advice on floating or locking your loan for Friday June 26, 2009.
Mortgage Rates jumped up on May 27, 2009 because mortgage backed securities sold off and dropped like a rock.  When the price of the bonds go down rates go up.  Mortgage Rates again dropped even more on June 4, 2009.  Rates […]

This is my daily advice on floating or locking your Delaware Mortgage Rate for Tuesday March 17, 2009.
The stock market closed up today over 150 points.  The mortgage backed securities closed up 6 basis points as the bond market waited for what the Federal Reserve will say tomorrow after their meeting.  The federal reserve will […]

This is my daily advice for floating or locking your Delaware Mortgage Rate for Monday March 16, 2009
The stock market finished down today after ending last week with triple digit gains, please visit http://biz.yahoo.com/ap/090316/wall_street.html for the full story.  Ben Bernake said that he believe economy would recovery by end of 2009, here is video of his […]

This is my daily advice on floating or locking your Delaware Mortgage Rate for Thursday March 5, 2009.
The stock market recovered yesterday about 130 pts but gave it back today.  Bad news from GM pulled stocks down.  The world banks lowered interest rates again.  All of this and more details on Obama’s plan to help […]

This is my daily advice on floating or locking your Delaware Mortgage Rate for Tuesday March 3, 2009.
The stock market had a tough day as it digested the news from the Federal Chairman Ben.  The 61 billion dollar loss from AIG kept the stocks from rally.  AIG is being broken up and sold in parts.  […]

This is my daily advice on floating or locking your Delaware Mortgage Rate for Friday February 27, 2009.
Mortgage bonds moved higher initially this morning but have since given back any gains as the stock market rallied on better than expected consumer confidence.  The government is taking a 36% stake in CitiGroup. Here is the full story […]

This is my daily advice on floating or locking your Delaware Mortgage Rate for Thursday February 26, 2009.
The mortgage rates stayed pretty much the same as yesterday.  We are about 0.375% worse than when we started the week.  We experienced a big sell off in bonds this week as investors decided to buy up in […]