This is my daily advice on whether to lock or float your Delaware Mortgage Rate for Thursday, August 14, 2008.

The CPI report came out today worse than expected at 0.1% higher. This caused an initial reaction for mortgage-backed securities to trade lower but they again tested a very strong resistance at 99.15 and have since bounced up some.  And are now higher than we ended the day yesterday. The rest of the day will probably take its que from how stocks are trading.

My recommendation is to continue to float as we are more than likely bouncing off our low for the year for mortgage-backed securities. If you look at the graph below you can see where I recommended to LOCK in your mortgage rate yesterday at the high, if you missed the opportunity then you can see where we are bouncing off the lows and can float as we rise back up.

I am recommending to FLOAT your Delaware Mortgage Rate for today.

If you would like to better understand what mortgaged-backed securities are, then visit

Understanding Mortgage Backed Securities

If you need advice or help to find the best mortgage rate and program for your Newark Delaware Mortgage Rate, then please give me (John Thomas) a call at 302-368-7132 or send me an e-mail to DelawareMortgages@yahoo.com.

If you are a Newark Delaware First Time Home Buyer then you should register to attend one of our monthly Delaware First Time Home Buyer Seminars by visiting www.DelawareMortgageLoans.net/seminars.

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