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Delaware Mortgage Rates – Market Update – July 21, 2008

John Thomas July 21, 2008

Here are the daily thoughts on floating or locking your Delaware Mortgage Rate.

As always – consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.

The mortgage bonds are down again this morning and have broken through levels of support. Stocks are up some this morning which is pressuring bonds slightly lower. There is much economic news this week, the only thing affecting markets this week is a release of corporate earnings. If earnings come in better than expected than the stock market will continue its rally and this will force Mortgage Bonds lower and force Delaware Mortgage Rates higher. If earnings are worse than that could reverse the rally and allow Delaware Mortgage Rates to fall. Keep Reading...

Financial Market Update – July 21, 2008

John Thomas July 21, 2008

THE MARKETS:

Volatility remains the watchword on Wall Street. At least this week the volatility was the kind people like, positive volatility. The Dow was up 3.57% (down 13.33% for the year) and the S & P 500 was up 1.71% ( down 14.14% for the year).

CITIBANK BEATS EXPECTATIONS: Citigroup lost $2.5 billion and still beat analysts’ expectations. This amounted to a loss of 54 cents per share, in the April-June period. Analysts were predicting losses in the mid-60 cents per share. In the same timeframe last year, the bank earned $6.23 billion, or $1.24 per share. Keep Reading...

Delaware Mortgage Rates – Market Update – July 18, 2008

John Thomas July 18, 2008

Here are the daily thoughts on floating or locking your Delaware Mortgage Rate.

As always – consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.

Mortgage Backed Securities opened this morning down even more than they ended yesterday. If you have a Delaware purchase loan that you have been floating hopefully you took my advice and locked it in yesterday.

The rate will be worse again today when lenders come out with their Delaware Mortgage Rates. If you are looking to refinance into a lower rate than you will need to wait for a while till mortgage bonds find their bottom. Historically rates reach their peak in the middle of summer than get better into the fall. So this fall might be a great time to refinance your Delaware Mortgage into a lower rate. Keep Reading...

Newark Delaware Mortgages

John Thomas July 17, 2008

Newark Delaware Mortgages

If you are looking for a Newark Delaware Home Loan, then John R. Thomas is a certified mortgage planner who can help you find the best rate, term, and loan product to meet your short term and long term financial goals and to make sure the new mortgage fits into your current financial plan to help you create wealth and minimize taxes. If you are looking to purchase or refinance a home in Newark, Delaware then give John a call at 302-703-0727 or you can APPLY ONLINE HERE.

If you are a Newark Delaware First Time Home Buyer then please check out our First Time Home Buyer Seminar that we hold every month at www.DelawareMortgageLoans.net/seminars Keep Reading...

Delaware Mortgage Rates – Market Update – July 17, 2008

John Thomas July 17, 2008

Here are the daily thoughts on floating or locking your Delaware Mortgage Rate.

As always – consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.

Today is going to be another bad day for mortgage-backed securities which means mortgage rates are going to be higher again today with the potential for recipes for the worse through-out the day. Stocks are continuing to rally from yesterday putting more pressure on the bonds. Technical data also predicted a sell-off in bonds. Keep Reading...

Realtor Seminar – Keys to Government Financing – July 23, 2008

John Thomas July 16, 2008

There will be a free seminar for real estate professionals on The Keys to Government Financing. The seminar will be on July 23, 2008, and will from 12:30 PM till 2:00 PM with lunch provided and again at 6:30 PM till 8:00 PM with Dinner provided. The seminar is being held at 256 Chapman Rd, Suite 105, Newark, DE 19702.

The seminar will cover Delaware FHA Loans, Delaware VA Loans, and Delaware USDA Loans. We will be sharing in the ins and outs of government financing. These loans are going to be the key to making your business grow and thrive in this new real estate market. We will be providing you with valuable reference materials on FHA, VA, USDA loan programs and how they work in your local market place. We will also be sharing with you ideas that you can implement now to generate new business in the next 30 days. Keep Reading...

Delaware Mortgage Rates – Market Update – July 16, 2008

John Thomas July 16, 2008

Here are the daily thoughts on floating or locking your Delaware Mortgage Rate.

As always – consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.

Mortgage Bonds have moved lower this morning after the Core Price Index (CPI) came out worse than expected. This is bad news because this is a measure of inflation and this shows inflation is going to be a concern among bond investors and the Feds.

Technically Bonds are bouncing off the 50-day and 200-day moving average and are forming a bearish signal for bonds. In the short term, we will probably see Mortgage rates head higher for the rest of this week and possibly into next week. Keep Reading...

Delaware Mortgage Rates – Update July 15, 2008

John Thomas July 15, 2008

Here are the daily thoughts on floating or locking your Delaware Mortgage Rate.

As always – consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.

Mortgage Bonds moved up this morning to test resistance at the 50-day moving average. They have bounced down from this resistance as stocks recovered from earlier losses. The news today showed the PPI (Producer Price Index) coming in higher than expected but core PPI came in lower than expected. Retail sales came in lower than expected. Keep Reading...