This is my daily advice on Floating or Locking your Delaware Mortgage Rate for Friday, August 8, 2008.

We had some nice gains yesterday in the bond market which made mortgage rates improve significantly yesterday. The bond started off good this morning then gave back some ground as it bounced off the 25-day moving average.  It regained momentum and is adding to the gains from yesterday.  This means Delaware Mortgage rates are even better today than yesterday.  Hopefully, you took my advice yesterday and floated into today. Keep Reading...

This is my daily advice on Locking or Floating your Delaware Mortgage Rate for Thursday, August 7, 2008.

The mortgage rates have risen dramatically this week because of the Fed Meeting on Tuesday and the report of a huge loss at Freddie Mac. If you haven’t already locked your Delaware mortgage rate, then your best bet may be to float your Delaware Mortgage Loan because it looks like we could rebound some by the end of the day Friday.

There is a huge spread between mortgage-backed securities and treasuries right now so there is a potential for a rebound to cover the spread. Keep Reading...

113 Miners Lane in Academy Hills in Newark, Delaware has been just sold by Terry Mulkins from Patterson Schwartz Real Estate. The house is a luxury single family home located in the quiet suburbs of the city of Newark.

If you would like information on how you can qualify to buy a luxury home in Delaware, please feel free to contact me at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com. I can find you the Best Delaware Mortgage Rate to make your payments affordable.

This year the Delaware FHA loan limit for New Castle County, Delaware has been raised to $420,000 so you could get one of the popular homes in Academy Hills with only 2.25% down with a Delaware FHA loan. Keep Reading...

The Fairfax family owned business called Mitchell’s Trains, Toys, and Hobbies is now planning to close at the end of October 2008. The store has seen a continued decline in store sales over the last 7 years. The store has been open for the past 55 years, but today begins it’s going out of business as it liquidates its inventory. The downturn in the economy that has forced Boscov to claim bankruptcy has forced Mitchell’s to close its doors.

If you need help with a Wilmington Delaware Mortgage Loan, please feel free to call me at 302-368-7132 or you can APPLY ONLINE HERE. Keep Reading...

Residents of Canal Landing Development on the outskirts of Rehoboth Beach have filed a lawsuit against Louis Capano & Associates and the project’s architect and engineer.

They are charging that design flaws, sloppy work, and poor supervision have serious water damage that threatens the structure of the buildings.  The development contains $500,000 luxury townhomes. Each owner will have to pay about $60,000 to fix up the damage and problems caused.

Article Update – This lawsuit has since been resolved in favor of Canal Landing and all issues have been fixed. The community is now in good standing and it qualifies for mortgage financing. Feel free to call me to refinance or purchase a beautiful townhome in Canal Landing. Keep Reading...

This is my daily advice on floating or locking your Delaware Mortgage Rate for your Delaware Home Loan.

The bond market is getting beaten back from the 25 days moving average.  Bonds are trading lower today as stocks rally ahead of Feds decision.   The outlook for the rest of the week is gloomy for Mortgage Bonds.  If you haven’t locked already I would lock ahead of the Fed Decision later today.

My advice is to LOCK your Delaware Mortgage Rate for your Delaware Mortgage loan.

If you need help with a Wilmington Delaware Mortgage Rate or for a Wilmington Delaware Mortgage Loan, Please feel free to call me (John Thomas) at 302-368-7132 or you can APPLY ONLINE HERE. Keep Reading...

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

The Core PCE (Personal Consumption Expenditure) was up 0.3% which is greater than the consensus of 0.2%. This is mortgage market unfriendly news along with income up 0.1% which consensus had at -0.2%.  This income factor was affected by tax rebates. The mortgage bonds are down slightly this morning but are hovering above a key level of support.

I suggest FLOATING unless the level of support is broken. Stocks are opening lower so this could push bonds higher. Keep Reading...