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 stock market rallied on the news and mortgage bonds sold off and dropped like a rock. This caused most lenders to come out with rate sheets this morning with rates anywhere from 0.25% to 0.5% worse than yesterday. Keep Reading...

Delaware State University is the only college in Delaware that won’t raise its tuition rates for the 2009 school year this fall. The tuition this year for an in-state undergraduate student will be $6,481. This is still a huge jump from 2003-2004 school year which was $3,996. Out of state tuition, this year for Delaware State University students will be $13,742, which is the same as last school year.

Room and Board rates at Delaware State University are increasing by 3 percent for the fall 2009 semester.

For more information on Delaware State University, please visit the official website at www.DESU.edu Keep Reading...

University of Delaware Students registering for the Fall of 2009 with see a nearly 10% increase in the tuition. The increase in tuition was attributed to the need to pay for financial aid. An in-state student will pay annual tuition of $8,540 and an out of state student will pay $22,240. U of D previously announced a 6.6 percent increase in residence hall rates and a 7.5 percent increase in dining rates.

So in the middle of a recession, school is going to cost middle-income Americans more. Middle-income Americans have to pay more tuition to support the financial aid for students who can’t pay. School officials said raising tuition is the only way to pay for the financial aid U of D has promised to Delaware students. The University said the state had no money to give and gifts are tough to get in this recession so the only option was to raise tuition. Keep Reading...

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 hit 6.0%.  This left many borrowers shocked and amazed because they were holding out hoping rates go even better then they were before May 27th. Hopefully, consumers learned a valuable lesson. Will rates get back to the 4s? Most people in the know don’t think so. Keep Reading...