This is your daily advice on floating or locking your Delaware Mortgage Rate.

The mortgage bond market is looking to have a pretty good day even though it started off on a dip this morning from a better than expected jobs report. There aren’t many other data coming in so technically bonds should improve on the day.

I am going to recommend FLOATING your Delaware Mortgage Rate into tomorrow and you should get at least a 1/8 better on the rate.

If you would like a free consultation on refinancing your current Delaware home loan or would like information on purchasing a home in Delaware please feel free to call me (John Thomas) at 302-368-7132 or you can APPLY ONLINE HERE. Keep Reading...

This is my daily advice on floating or locking your Delaware Mortgage Rate for July 29, 2008.

Mortgage Backed Securities started off the day with a big drop which caused rates to come out lower this morning than they ended yesterday.  If you didn’t lock yesterday than floating today would have made the most sense. We bounced off support and finished the day extremely strong. Even with stocks doing very well today we still recovered almost all of the ground we lost early today.  Look at the Graph below.

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Your Daily Advice on whether to float or lock your Delaware Mortgage Rate for your Delaware Home Loan for July 28, 2008.

Mortgage Backed Securities (MBS) are technically looking for a rebound this week and have started off the day up. There isn’t much-scheduled news this week to move the Bond Market so the technicals will be pretty strong, but unexpected news could move this very volatile market in any direction.

My advice is to FLOAT your Delaware Mortgage Rate as it looks like we may have a good day for mortgage-backed securities. Keep Reading...

Here are the daily thoughts on floating or locking your Delaware Mortgage Rate for today.

The bond market is rallying today and looks to continue that rally.  Lenders will probably even reprice Delaware Mortgage Rates for the better at some point today.

My advice is to keep floating your Delaware Mortgage Rate into tomorrow.  If your lender doesn’t reprice for the better they will come out with better rates tomorrow.

If you need help with obtaining a Delaware Home Loan for the purchase or refinance please feel free to call me at 302-703-0727 or you can APPLY ONLINE HERE. Keep Reading...

My advice on was to float or lock your Delaware Mortgage Rate for July 23, 2008, is to float because mortgage bonds have bounced off their lows for the year and are trading in an upward trending channel. This technically could cause a nice bounce up for mortgage bonds.

I recommend floating your Delaware Home Loan Interest Rate into tomorrow.  Lenders may even reprice at the end of the day for the better if the channel trend continues.

If you need advice or help with a Delaware Home Loan for a purchase or a refinance please give me a call at 302-368-7132.

If you are a First Time Home Buyer, we still have room left in our Delaware First Time Home Buyer Seminar this Saturday, July 26, 2008, at 10:00 AM.  Please call 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

Here are the daily thoughts on floating or locking your Delaware Mortgage Rate.

As always – consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.

In Philadelphia today, Fed Posser made comments about higher inflation and a need for a rate hike by the Feds coupled with Bank after Bank reporting horrible earnings has caused a sell-off in Mortgage Backed Securities. Bonds have given back all of their gains from yesterday.

Bonds are now at the lowest point of all of 2008, which means Delaware Mortgage Rates are at the highest they have been all year. Lenders are going to reprice for the worse because Bonds have ticked down from when opened this morning as money moves from Bonds to Stocks.

Technically we look like we should rebound off the lows but if you are floating a loan that needs to close in the next week or so you might want to consider locking your Delaware Mortgage Rate, if you are more than two weeks off then I would recommend floating to see if mortgage rates can improve.

If you need advice on a Delaware Home Loan please feel free to call me (John Thomas) at 302-368-7132 or you can APPLY ONLINE HERE.

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

Wachovia Corporation announced on Monday, July 21, 2008, that it was shutting down its wholesale mortgage business. Beginning July 25, 2008, Wachovia will no longer be offering mortgages through mortgage brokers.  Wachovia is the nation’s 4th largest bank and this move follows some other banks such as Bank of America which closed its wholesale division months ago. Washington Mutual is another big bank that closed its wholesale division. National City is another big bank that closed down its wholesale division.

Wachovia didn’t announce how many jobs would be lost by the closing, but more announcements are expected on Tuesday.

If you have a Delaware Mortgage Broker who was giving you a loan through Wachovia, you need to find a new loan fast. Please feel free to call me (John Thomas) to discuss what your Delaware Mortgage Loan Options will be now that Wachovia is closing its wholesale division.  I have similar loan products available through other lenders so we don’t wait to call or you can APPLY ONLINE HERE.

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