This is my daily advice on floating or locking your Delaware Mortgage Rate for Tuesday, October 14, 2008.

The stock market rallied on Monday to experience its biggest one day gain in history. The market started off this morning building on that rally but ended the day down 76 points. The Bond market faired much worse.  The mortgage bond rallied early today but then got slammed and ended down 81 bps on the day causing lenders to reprice for the worse.

Rates continue on a downward spiral and resist any effort to move higher. The Feds are talking about a rate cut again at the next meeting at the end of October which is bad news for fixed-income investments like bonds.  This pressured the bonds lower today. Keep Reading...

This is my daily advice on floating or locking your Delaware Mortgage Rate for Friday, October 10, 2008.

There is “Blood in the Streets”!! The global markets are selling off as well as our own back yard.  Cash is king right now and nobody is buying or lending money. Money is being pulled out of everything and put on the sidelines. This is causing the bonds to sell off.  We broke through the 200-day moving average which had been a key level of support.

The news is not getting better any time soon.  We are in a Bear market and it is global. Need to bite the bullet and stop hoping rates will move lower again. Lock your rate. Keep Reading...

This is my daily advice on floating or locking your Delaware Mortgage Rate for Wednesday, October 8, 2008.

The Federal Reserve cut the Fed Funds Rate by 0.5% in conjunction with other World Banks.  This has set the market into wild trading with the Dow swinging from 300 points down to 170 points up to back down to back up and will probably continue the rest of the day. The mortgage-backed securities have also been swinging from positive to negative in response to the market.

The bond is still trading above the 25-day moving average and keeps bouncing off it every time it trades down so I am recommending you Float your Delaware Mortgage Rate for today. Keep Reading...

This is my daily advice on floating or locking your Delaware Mortgage Rate for Thursday, September 4, 2008.

Jobless Claims came in worse which is good news for mortgage bonds.  Mortgage Backed Securities are trading much higher today and have broken through the 200 days moving average.  If you have been floating then you will see better rates today than yesterday. There could be some profit taking but if close above 200 days moving average today and again tomorrow that would be very significant because that would set a new floor of support at the 200 days moving average. Keep Reading...

This is my advice on floating or locking your Delaware Mortgage Rate for Wednesday, September 3, 2008.

There isn’t much-scheduled news to be released today. Bonds started off trading lower but have recovered to be even with the close from yesterday. Oil is continuing its downward spiral as it trades lower on stronger dollar and fear of demand easing. Stocks are trying to move higher but are stalled.

I am recommending FLOATING your Delaware Mortgage Rate as we continue to stay above the 100-day moving average. If you are closing in the next week then stay alert as there could be a short term pullback in bonds. Keep Reading...

This is my daily advice on floating or locking your Delaware Mortgage Rate for Tuesday, September 2, 2008.

Stocks have rallied today on the news that Oil prices have retreated to below $110 a barrel on news of hurricane Gustav not doing very much damage. The rally in stocks has taken some money out of bonds but the rallied stalled on the news that ISM report came out weaker than expected.  This is moving money back into bonds and we could see a nice bounce back in the mortgage-backed securities. For more information on the ISM report visit http://biz.yahoo.com/ap/080902/economy.html Keep Reading...