Delaware Mortgage Rates and Stocks are poised to move on whatever news comes from the Federal Reserve today.

It’s all about the Fed this afternoon as both the stock and bond markets will be reacting to their words and actions. Will it be a half or quarter point cut on the fed funds rate and will the discount rate be reduced? What will they say about inflation? It all plays out this afternoon.

In the last bit of inflation news before the Fed meets to decide monetary policy, the Producer Price Index (PPI) fell off a cliff with a reading of -1.4% in August. Lower food and energy prices during the month led the unexpected decline in the Index.

Technically, bonds remain in a holding pattern trending above key support provided by the 200-day Moving Average, therefore I am recommending to cautiously float for now before the all-important FOMC decision this afternoon.  Watch for my update on how Delaware Home Loan Rates will be affected by Fed decision.

If you need advice or a free consultation on your mortgage, please feel free to call me at 302-703-0727, or APPLY ONLINE HERE.

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713