This is my daily advice on floating or locking your Delaware Mortgage Rate for Tuesday, February 10, 2009.

Today we saw the 2nd day that mortgage bonds traded higher.  The 4.5% mortgage bond ended the day higher by 47 basis points.  We saw lenders reprice for the better today.  We are still off the lowest rates which were at the beginning of January.

I am recommending floating but be ready to lock in your rate if the market turns tomorrow.

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

If you have a Delaware FHA Loan then you can qualify for a Delaware FHA Streamline refinance to lower your rate without an appraisal, income verification, or credit check.  Feel free to contact me for a free analysis.

If you are looking to buy a home then register to attend our Delaware Home Buying Seminar on February 21, 2009, at 10:00 AM.  Call 302-368-7132 to register or send an e-mail to DelawareMortgages@yahoo.com

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