Delaware Mortgage Loans

THE MARKETS:  June has been a negative month for the equity markets.  For the month, the S&P 500 is down 8.7% and the Russell 2000 is down 6.19%.  For the quarter, the S&P 500 is down 3.35% and the Russell 2000 is up 1.84%.  The Dow Jones AIG Commodity Index is up 9.59% for the […]

Here are the daily thoughts on floating or locking your Delaware Mortgage Rate. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Little economic news on tap for today.  Big news yesterday in China raising the price of fuel for its citizens.  This helped bring […]

Here are the daily thoughts on floating or locking you Delaware Mortgage Loan Interest Rate. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Stocks are trading lower because of a bad earnings report from FedEx and Morgan Stantley.  This is more news supporting that […]

NOT MUCH MOVEMENT LAST WEEK:  The markets did not move much:  The Dow was up 0.80% and the S & P 500 was down 0.05%.

NEXT INTEREST RATE MOVEMENT WILL BE UP?:  The Fed’s increased public anti-inflation discussion has led to market expectations of one or more rate hikes by the year end. The Fed funds futures market is […]

Here are the daily thoughts on floating or locking you Delaware Mortgage Loan Interest Rate. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
Building Permits and Housing Starts came in almost exactly where they were predicted to be.  Producer Price Index (PPI) came in […]

EQUITY MARKETS HAVE A POOR WEEK:  Some modest positive news early in the weak was drowned out by rising oil futures prices and a radical jump in unemployment numbers.  The Dow Jones Industrials were down 3.39% and the S & P 500 was down 2.83%. 

REITS BOUNCING BACK:  Real estate investment trusts (”REITs”) outperformed other major market benchmarks during […]

Delaware Mortgage Rates came out lower today because of the news yesterday plus the anticipation of the release of the jobless claims.  The 5.5% coupon fell 13/32nds this morning bringing us to 100-04.
The reasons for this are not entirely straightforward.  Jobless claims released today were 365k.  This was better than the expected 370k, but still […]

As discussed yesterday, each time the price curve on the 5.5% coupon approaches 101-00, we begin to encounter resistance, and it will likely take an incontrovertibly grim economic outlook to create sufficient demand to push us higher.  A 200 point drop in the Dow would be enough, but only if the index itself were much […]

Here are the daily thoughts on floating or locking your Delaware Mortgage Loan Interest Rate. 
As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.
The Producer Price Index (PPI) - the cost of supplies to produce consumer goods - came in below expectations.  Though stripping […]

Mortgage bond prices remained near unchanged last week holding Delaware Mortgage interest rates steady. Trade continued to be extremely volatile with discount points rising and falling by as much as 1/2 on a near daily basis. Once again, gyrating oil prices caused much of the volatility. The price of a barrel moved as much as […]