Keeping Rates Low for as Long as Needed - 12/16/08 03:48 PM
I said in my blog - A View from the Beach - over the weekend that the Fed might cut 3/4% and they did.  I also said that mortgage rates probably would not go down if the Fed did cut by that much.  Guess what - I was way wrong!  CPI was down 1.7% this morning.  November Housing Starts fell -19% to a record low of 625K annual units, far below the consensus of 730K. Building Permits, a leading indicator, showed a similar decline. Housing Starts were running at a 2.2 million unit annual pace in early 2006. The slowdown in … (2 comments)

Bethany Beach Holiday Happening - 12/05/08 04:43 AM
The Bethany Beach Holiday Happening is this Saturday, December 6 from  3 - 6 PM.   Entertainment for the whole family! Musical entertainment begins at 3:00 PM with The Lord Baltimore  Holiday  Ensemble singing holiday favorites. Peaches, the clown will create her unique balloon art for all the young visitors while Miss Donna paints Christmas trees on young faces.  Santa arrives by  4 o'clock via a fire truck. Hop on a horse-drawn  carriage,  a hay wagon or the town trolley  for rides about town. Bundle up!    All is Free and All are Welcome!  Sunday, December 7, 4:30 - 6:30 PM is the … (0 comments)

Can I Really Catch the Bottom of the Market? - 12/03/08 06:20 PM
Short answer - "no!"  Market bottoms are always seen in the rear view mirror, whether it's the bottom for home prices or rates for refinancing.  Check out why below.
Click Here For Can I Really Catch the Bottom of the Market?
Mortgage rates have dropped about 1/2% over the past week.  How long will this last?  Will they move lower?  If you're in the market for a mortgage - a purchase or a refinance - give me a call to discuss.
 Jeff
302-537-5076
… (0 comments)

 
Dsc_0196

Jeff Baxter

Bethany Beach, DE

More about me…

Prosperity Mortgage

Address: 33298 S. Coastal Highway, Bethany Beach, DE, 19930

Office Phone: (302) 537-5076

Cell Phone: (302) 602-1067

Email Me

Thoughts on the mortgage market and the Delaware Beach (Bethany Beach, Rehoboth Beach, Fenwick Island, Dewey Beach, and Lewes).


Links

Archives

RSS 2.0 Feed for this blog