Delaware

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

Meet my doggie, Merlin. Merlin will be two years old in November. My husband and I thought long and hard before deciding to adopt a dog again after about a 12 year hiatus. Dogs had been an integral part of our family before, but it had been a while. One thing that made us hesitate was not wanting to be tied down with a dog just when our children were leaving the nest. Enter Doggies At the Beach! Doggies At the Beach (www.doggiesatthebeach.com), is a 2400 square foot full service dog care service that does not use kennels. Doggies are allowed to roam and play with each other, separated into group areas by size and temperment. Before the first visit, the doggies are required to come for an assessment to make sure he or she will get along with canine friends. There are even webcams so that owners can check out their doggies from wherever they are!

Doggies at the Beach provides day care and overnight care. There is always a human caretaker/playmate present, 24/7. The doggies are given a personalized daily walk. There are toys and doggie beds for their use. Services also include dog obedience classes, and grooming! I love this place, and so does Merlin!

Doggies At the Beach is located on Rt. 24 in Lewes, close to Rt. 1. Maybe your doggie will be playing with Merlin next time I go out of town!

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.

If you live in North Wilmington, Delaware then you know where to find the Brandywine Town Center. There are soon to be some minor changes to the configuration of the shopping complex.

The deed is going to be amended to allow the current owners, Acadia Realty Trust to lease about 6,000 square feet of empty space beneath the large glass dome. Acadia will also be allowed to build a 45,000 square foot detached building on the site.

Other future changes to the site will include:

• The commuter park-and-ride lot near a day care at the back of the complex by Lowes will be moved to a new location near Naamans and Shipley roads.

• Two undeveloped restaurant pads will no longer be developed and will now become open space that will include a children's play area and new walking paths.

The battle between the Brandywine Town Center and the North Wilmington Community dates back to the mid-1980's. The site was originally home to a racetrack and was rezoned for commercial use. The shopping center was originally promised to be an upscale mall to rival Concord Mall; however plans were reworked to house a commercial facility ancored by large retail stores like Target, Petsmart, Lowes, Christmas Tree Shops and a 16 screen Regal Cinema.

The golden rule in real estate is location, location, location. One of the most important factors in the location equation are the local public schools. It is always good to see Delaware's SAT scores improve on a year over year basis.

The College Board has realeased statistics that show that the combined average score is now 1487 which is now only 24 points lower then the national average. Delaware seniors saw a two point increase in both the Reading Portion and Math Portion of the exam as they rose to 499 and 498 respectively. The average writing score improved by 4 points to 490.

Delaware public schools have come a long way and continue to get better. Lets hope our current college bound seniors will break the 500 barriers in both Math and Reading next year!

If you should have any questions about Delaware schools or the Delaware real estate market, then please feel free to visit us on the web at www.billiechubb.com, or reach me by email and phone at Billiechubb@gmail.com and 302-478-6425.