Mortgage Rates Weekly Video Blog [September 3, 2018]
Mortgage rates moved higher last week after mortgage bonds failed to break above a strong ceiling of resistance. Mortgage bonds did find floor of support at 25 day moving average and were able to rally higher ending week just above the 50 day moving average so we are recommending FLOATING your mortgage interest rate to start the week. Call 302-703-0727 for a Rate Quote. Read the full story at Mortgage Rates Weekly Update [September 3 2018]
In Economic Information
The Second reading of GDP for second quarter of 2018 was released last week and came in at 4.2% which was up from 4.1% on the first reading. This shows the US economy is doing very well.
In housing news, the Case Shiller 20 City home index for June 2018 showed home prices were up 6.3%. This is a very good reading and very sustenable.
Don't miss the next first time home buyer seminar on Saturday September 22, 2018 in Newark, Delaware at the Christiana Hilton Hotel from 10 AM till Noon. You can register by calling 302-703-0727 or register online at Delaware Home Buyer Semniars
You can get a list of up coming first time home buyer seminars at the following link:
If you need help getting pre-approved for a mortgage loan to purchase or refinance a home in Delaware, Maryland, New Jersey, Pennsylvania, or Virginia give us a call at 302-703-0727 or visit us online at Primary Residential Mortgage
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