This is my daily advice on floating or locking your Delaware Mortgage Rate for Friday, October 10, 2008.

There is “Blood in the Streets”!! The global markets are selling off as well as our own back yard.  Cash is king right now and nobody is buying or lending money. Money is being pulled out of everything and put on the sidelines. This is causing the bonds to sell off.  We broke through the 200-day moving average which had been a key level of support.

The news is not getting better any time soon.  We are in a Bear market and it is global. Need to bite the bullet and stop hoping rates will move lower again. Lock your rate.

My advice is to LOCK your Delaware Mortgage Rate.

If you need help or advice with your Delaware Mortgage Rate then please give me a call at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com.

If you are a Delaware First Time Home Buyer then you should register to attend one of our monthly First Time Home Buyer Seminars, visit www.DelawareMortgageLoans.net/seminars for more information.

If you would like to apply for a Mortgage Loan, you can APPLY ONLINE HERE, you can call John Thomas at 302-703-0727.

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713