Delaware Mortgage Rates finished the day where they started in the face of some typically bad news for mortgage rates. First the GDP came out much better than expected and this started a good rally in stocks, then there was an auction of 5 year treasuries which is also typically bad news, and then we were already testing a tough level of resistance at the 100 Day moving average.
Mortgage Backed Securites started off down but battled back an finished the day up and broke through the 100 day moving average. If you have taken my advice and floated your Delaware Mortgage Rate you will have been well rewarded Closing above the 100 day moving average is techinically significant because it can start to act as a support.
My Advice is to continue to FLOAT unless we see a something to significantly change the momentum of the market.
If you need help with a Wilmington Delaware Mortgage Rate then please give me a call at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com.
John R. Thomas - Certified Mortgage Planner - Primary Residential Mortgage
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.
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