Delaware Mortgage Rates - August 27, 2008

Mortgage Backed Securities improved today inspite of better than expected Durable Goods report and in spite of a stock market that had some gains. Typically Mortgage Bonds don't rise with the stock market and they certainly don't rise on good news for the economy, but that was not the case today. The FNMA 6.0% coupon closed today at 101.0 which is just under the 100 Day moving average. This means thursday we will test the resistance at the 100 day moving average of 101.02.

I have recommeneded floating all week and if you took my advice you should have seen an improvement in your Delaware Mortgage Rate. I am recommending floating into Thursday to see if we can break through resistance at the 100 day moving average. If we bounced off it and move lower than you might want to consider locking in your Delaware Mortgage Rate.

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

If you are a Newark Delaware First Time Home Buyer then you should register to attend one of our monthly Delaware First Time Home Buyer Seminars by visiting www.DelawareMortgageLoans.net/seminars

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