Delaware Mortgage Rates are the same or slightly lower to start today because of the following news;

The only economic report released today was the New York Empire State Index for September, which came in less than expected and Mortgage Bonds had little reaction. All eyes and ears are now focused on tomorrow’s Federal Open Market Committee meeting.

The debate continues on how much the Fed will cut rates. Will it be 25 or 50bp? While the cut itself will be the major headline, bond prices will react to what the Fed says about inflation. If the Fed holds its view on inflation moderating, Bond prices may benefit. But if they state that inflation is worrisome, Mortgage Bonds will likely come under pressure, causing Delaware home loan rates to rise. Keep Reading...

Your update for Delaware Mortgage Loans as we finish the week, we see Delaware Mortgage rates repricing for the worse today.  Yesterday, I had anticipated a bounce off of technical support at the 200-Day Moving Average and a weaker than expected Retail Sales report this morning. This scenario played out exactly as predicted and it did cause Bond prices to improve upon the release of the Retail Sales report. However, bond prices have now given back the gains they made & have fallen below support at the 10-Day Moving Average. The 200-Day Moving Average may still act as a floor, but with this morning’s losses, I am recommending locking at this time because Delaware Mortgage Rates have re-priced for the worse and may reprice again at the end of the day. Keep Reading...

Delaware Mortgage Rates are higher today because of the activity in the Mortgage Bond Market. Mortgage Bonds are under selling pressure so far today and are having a rough week overall after being pushed lower from resistance.

Sometimes things have to get a little worse before they can get better…and that’s what I expect to see from Mortgage Bonds over the next few days.

While Bond prices are currently lower on the day – I am advising a Floating position because Bonds are approaching a strong floor of support and it is unlikely that pricing will move below this level. The Mortgage Bonds should bounce up off the floor of support. This will drive Delaware Mortgage Loan Rates lower. Keep Reading...

Mortgage Bonds are unchanged after being pressured lower yesterday. Bond Traders took some of their recent profits following an uneventful speech by Federal Reserve Chairman Ben Bernanke, as he did not give any hints about a rate cut.Also weighing on bond prices yesterday was a strong showing in the stock market. In sessions when there has been an absence of market-moving economic news, as has happened recently, Stocks and Bonds have traded in opposite directions.

Bonds remain overbought and appear poised to follow the path of least resistance lower so Delaware home loan rates may be pressured higher. For today I recommend locking in your Delaware Mortgage Rate. Keep Reading...

I am going to outline 10 Reasons to carry a big, long mortgage. If you are a Delaware Home Owner or are a Delaware First Time Home Buyer, he is what you need to know about your mortgage as part of wealth creation.

1) Your Delaware Mortgage Loan Doesn’t Effect Your Homes Value.

2) You going to build equity anyway.

3) A Delaware Mortgage Loan is Cheap Money. A mortgage is cheap because it is secured by the property, unlike credit cards.

4) The Mortgage interest on your Delaware Home Loan is Tax Deductible.

5) The Mortgage interest on your Delaware Home Loan is Tax Favorable.  The tax deduction is at your top tax bracket. Keep Reading...

Do you have a Fall Maintenance Checklist that you perform each year in the Fall for your home?  If not then you are going to miss the little fixes now that will turn into expensive big fixes later.

For a free Fall Maintenance Checklist to be e-mailed to you please send an e-mail with “Please Send Fall Maintenance Checklist” in the subject line of the e-mail to jthomas@balancegroup.net and I will e-mail out the list to you so that you can protect your home and your family.

If you would like to apply for a Mortgage Loan, you can APPLY ONLINE HERE, you can call John Thomas at 302-703-0727. Keep Reading...

Countrywide to Cut As Many As 12,000 Jobs Because Company Sees 2008 Loan Originations Dropping. The cuts, amounting to as much as 20 percent of its workforce, are needed because the company expects new mortgages to fall about 25 percent in 2008 from this year’s levels, Countrywide said.

Countrywide Cheif Executive said this is market cycle is the most severe in the contemporary history of our industry.

Countrywide is also changing the products it offers to only include products that are conventional mortgage loans. Keep Reading...