Mortgage Bonds are unchanged after being pressured lower yesterday. Bond Traders took some of their recent profits following an uneventful speech by Federal Reserve Chairman Ben Bernanke, as he did not give any hints about a rate cut.Also weighing on bond prices yesterday was a strong showing in the stock market. In sessions when there has been an absence of market-moving economic news, as has happened recently, Stocks and Bonds have traded in opposite directions.

Bonds remain overbought and appear poised to follow the path of least resistance lower so Delaware home loan rates may be pressured higher. For today I recommend locking in your Delaware Mortgage Rate.

If you are currently working with a lender that doesn’t understand how the stock and bond market affect mortgage rates, then your current lender can’t tell you when to lock in to get the best rate.  Please feel free to call me or fill out your contact info on this web page and I can discuss your unique situation with you,

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