Rates remain flat after fallout from banking crisis

It’s hard to believe we’re ¼ of the way through the year already! I have much less to update you all on compared to my last report so this update is going to be less exciting which is fine by me. It’s also hard to believe that we are at the one year anniversary of […]

Multiple bank failures cause rates to tumble

To say this week has been eventful would be an understatement. Two banks have failed so far, the 2nd and 3rd largest bank failures in US history if you’re keeping track. Credit Suisse, an international investment bank, also had to get bailed out by the Swedish government as well. So the big question is why […]

New rate hikes likely at Fed meeting in March

Welcome to March where interest rates are as dreary as the weather outside. The catalyst of this increase seems to still be the January jobs report which showed a huge increase in jobs created over what was expected. 517k jobs were created vs the market estimate of 187k. Before that report came out there was […]

Big changes coming on how credit impacts mortgage rates

First things first, I’m happy to announce that Delaware Valley Financial Mortgage is now licensed in…Delaware! That’s right, no longer do we have to turn away all the people who googled the words “Delaware” and “mortgages” into their search box. As for the market, what an eventful couple of weeks in the mortgage rate world. […]

Jobs Report Influence on Rates

Just when you thought we had smooth sailing with interest rates we got a reminder on the challenges we are facing this year. The January jobs report came out this morning and it came in at a whopping 517,000 jobs added vs the 187,000 that was expected by the market. This strong number is bizarre […]