Oil prices dropped on Friday August 8, 2008 to $115 a barrell on a stronger dollar and signs of slowing growth. There have been signs around the world that demand for oil has moderated. If you looked at the trading technicals for Oil commodities, the dip below $117 a barrel is a significant break below support which shows that this is not just a pullback before it runs up again.
The drop in oil on Friday caused the Stock Market to surge higher and close up 300 points on the DOW. Mortgage Backed Securities which typically move opposite the stock market enjoyed a day of nice gains as well. This caused home loan rates to improve for the week.
If you need help obtaining a mortgage for the purchase or refinance of a home or just have questions, please feel free to call me at 888-287-3278 or send me an e-mail to DelawareMortgages@yahoo.com
John R. Thomas - Certified Mortgage Planner - Primary Residential Mortgage, Inc.
If you would like to attend a Delaware First Time Home Buyer Seminar, please visit www.DelawareMortgageLoans.net/seminars for more information.
As a Certified Mortgage Planner, I help people achieve their dreams and goals by assisting them in designing financial strategies that work for each client to accomplish financial freedom.
How Mortgage ARMs Work - Part 2
How Mortgage ARMs Work- The Basics - Part 1
Free Delaware Budgeting Seminar - Setember 10, 2008
Free Delaware Credit Repair Seminar - September 13, 2008
What Protection Does Your Money Have?
First Time Home Buyer Seminar - August 23, 2008
Colonial School District in Delaware Names Teacher of the Year
Newark, Delaware East Main Street Apartments Get Unfavorable Review
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
Post a comment
Temporarily disabled — coming soon!