This is my daily advice on floating or locking your Delaware Mortgage Rate for Wednesday, November 5, 2008.

We elected a new president yesterday.  Barak Obama will be the 44th president of the United States of America. Mortgage Bonds had one of their best days ever jumping 122 bps yesterday in a very impressive rally.  When mortgage bonds go up rates go down so that was going news for rates.  Mortgage bonds are up again about 22 bps this morning. Treasuries are trading lower but MBS (mortgage-backed securities) are trading higher as the spread tightens. US stocks are pointing to a lower open today as the European Stock market trader lower last night. Oil is trading down after rallying yesterday on OPEC’s cut in production.

I am recommending FLOATING your Delaware Mortgage Rate for Wednesday, November 5, 2008.

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

If you are a Delaware First Time Home Buyer then you should register for our First Time Home Buyer Seminar on November 22, 2008 at 10:00 AM.  You can call me or e-mail me to register or 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