Delaware Mortgage Loans

GROSS DOMESTIC PRODUCT:  Second quarter GDP growth was revised upward to an annual rate of +3.3% from the earlier estimate of +1.9%. This was surprising.  Much of the gain was due to rising exports and falling imports, both due to the weakened dollar.  In addition, consumer spending for the quarter was a robust +1.7%, partly […]

This is my advice on floating or locking your Delaware Mortgage Rate for Friday August 29, 2008.
The Core PCE rose by 0.3% higher than we would have liked to see.  This is an indication of inflation which is typically bad news for mortgage backed securities.  Income fell by 0.7%, yet spending managed to increase by […]

This is my daily advice on floating or locking your Delaware Mortgage Rate.
Two big reports released this morning.  The first report is the GDP which came out a lot better than expected and is being attributed to economic stimulus checks and exports.  This is a gross measure of growth.  The second piece of news was […]

This is my daily advice on whether to float or lock your Delaware Mortgage Rate for Wednesday, August 27, 2008.
The market recieved better than expected news when the durable goods report came out much better than expected.  This news should have been mortgage bond unfriendly and pushed rates higher but the bond market held its […]

This is my daily advice on floating or locking your Delaware Mortgage Rate for Tuesday August 26, 2008.
Monday we saw the mortgage backed securities end up which should be good for mortgage rates.  Today we had news on New home sales for July 2008 came out slightly less than expected.  Consumer Confidence came in better than expected.  The […]

This is my daily advice on whether to float or lock your Delaware Mortgage Rate for Thursday August 21, 2008.
The mortgage back securities have experienced some selling pressure this morning and the bond is down.  Lenders may come out with re-price for the worse.  With so much gain in MBS over the last couple days, […]

This is my daily advice on Floating or Locking your Delaware Mortgage Rate for Wednesday August 20, 2008.
Mortgage Backed Securities ended the day higher yesterday and have moved up above the 50 day moving average for the first time in 3 months.  There was bad news released for both Fannie Mae and Freddie Mac again.  […]

This is my daily advice on floating or locking your Delaware mortgage rate for Tuesday August 19, 2008.
The release of the Producer Price Index (PPI) today came out really high.  It rose 1.2% for July 2008 which is more than double expectations.  The Core PPI for the year is at a 3.5%, which is the highest since […]

This is my daily advice on whether to float or lock your Delaware Mortgage Rate for Friday August 15, 2008.
We ended the day up yesterday and the report that will move market today was the consumer sentiment report.  It is expected to come in at 62.0.  Last month’s reading was 61.2.  You can see how […]

This is my daily advice on whether to lock or float your Delaware Mortgage Rate for Thrusday, August 14, 2008.
The CPI report came out today worse than expected at 0.1% higher.  This caused an initial reaction for mortgage backed securities to trade lower but they again tested a very strong resistance at 99.15 and have […]