Mortgage Bonds are trading slightly higher this morning after some weaker than expected economic reports, so Delaware Mortgage Rates are improving. For instance, Consumer Confidence for September was reported at 99.8, which is lower than expectations of 104.5 and is the lowest level since November 2005.

In addition, Existing Home Sales for August were reported at 5.50 million units, essentially in line with expectations. However, the inventory for single-family homes represents a 9.8-month supply, the most since 1989.

Technically, Bonds are sitting near the 200-day Moving Average. So for now, I will maintain a Neutral stance with a bias towards Locking, as the Bond fights the 200-day Moving Average.

If you need advice or would like to schedule a one-on-one meeting with a certified mortgage planner, please call me at 302-703-0727, or you can APPLY ONLINE HERE.

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713