Delaware

Delaware Mortgage Rates started off lower than they have been in a long time. We got mortgage market friendly news in the morning with initial Jobless Claims coming out alot higher than exepted. The Mortgage Bond market experienced a nice run up in the morning but then began to sell off with some profit taking and money moving back into stocks. The stock market reversed from a big loss to a gain as bargain hunters moved into the market.

Lenders repriced for the worse today so if you didn't lock early today than your best bet is to float your mortgage loan till Monday. This is a pull back in mortgage bonds that is expected after so many days of gains. I am predicting that long term we will still see better rates.

If you need advice on a Delaware Mortgage Rate then give me a call at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com.

If you are a Delaware First Time Home Buyer then you should register to attend one of our monthly Delaware First Time Home Buyer Seminars, please visit www.DelawareMortgageLoans.net to register.

John R. Thomas - Certified Mortgage Planner - Primary Residential Mortgage, Inc.

I guess foreclosures aren't that bad for this family of Bobcats. A family of Bobcats have taken over a foreclosed home in California. I have yet to hear of anything other then termites taking over a Foreclosure in Delaware. Just wanted to share a funny story of a rather bleak situation.

Read the article:

http://latimesblogs.latimes.com/laland/2008/09/bobcats-on-a-ba.html

The US Home Prices continue to decline and some economists are predicting it could be worse than the depreciation during the Great Depression of the 1930s. The home values during that time dropped 30%. On average across the United States we are down 20% according to the Case//Shiller Home Price Index. So going another 10% is not a far stretch.

Shiller says that the consesus that bottom in the housing market is coming soon is a pipe dream. He said historically home values don't follow a V shaped curve. This means if it stops dropping it will level off for some time.

If you need help obtaining a home loan for the purchase or refinance of a home, give me a call at 888-287-3278 or send an e-mail to DelawareMortgages@yahoo.com.

John R. Thomas - Certified Mortgage Planner - Primary Residential Mortgage, Inc.

www.DelawareMortgageLoans.net

The bond market rallied again today and broke through the 200 day moving average. This is technically very significant because the 200 day moving average has been a very tough ceiling of resistance. What caused this rally in bonds? Well the stock market tanked today on the release of bad news for the economy starting with the jobless claims coming out this morning higher than anticipated. The day continued to give great news for mortgage backed securities but horrible news for stocks.

I have been recommending to float all week and if you have been following my advice then you have seen an improvement in your mortgage rate.

My advice is to continue to FLOAT your Delaware Mortgage Rate into Friday.

If you need advice or help with your Bear Delaware Mortgage Rate then feel free to call me at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com

If you are a Bear Delaware First Time Home Buyer then you should sign up to attend one of our monthly Delaware First Time Home Buyer Seminars by visiting

Delaware Seminars

John R. Thomas - Certified Mortgage Planner - Primary Residential Mortgage, Inc.

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