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. Keep Reading...

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. Keep Reading...

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. Keep Reading...

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.

Mortgage Backed Securities opened this morning down even more than they ended yesterday. If you have a Delaware purchase loan that you have been floating hopefully you took my advice and locked it in yesterday.

The rate will be worse again today when lenders come out with their Delaware Mortgage Rates. If you are looking to refinance into a lower rate than you will need to wait for a while till mortgage bonds find their bottom. Historically rates reach their peak in the middle of summer than get better into the fall. So this fall might be a great time to refinance your Delaware Mortgage into a lower rate. Keep Reading...

Newark Delaware Mortgages

If you are looking for a Newark Delaware Home Loan, then John R. Thomas is a certified mortgage planner who can help you find the best rate, term, and loan product to meet your short term and long term financial goals and to make sure the new mortgage fits into your current financial plan to help you create wealth and minimize taxes. If you are looking to purchase or refinance a home in Newark, Delaware then give John a call at 302-703-0727 or you can APPLY ONLINE HERE.

If you are a Newark Delaware First Time Home Buyer then please check out our First Time Home Buyer Seminar that we hold every month at www.DelawareMortgageLoans.net/seminars Keep Reading...

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.

Today is going to be another bad day for mortgage-backed securities which means mortgage rates are going to be higher again today with the potential for recipes for the worse through-out the day. Stocks are continuing to rally from yesterday putting more pressure on the bonds. Technical data also predicted a sell-off in bonds. Keep Reading...