Delaware Mortgage Rates – October 10, 2008
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.