This is my daily advice on Floating or Locking your Delaware Mortgage Rate for Wednesday, August 20, 2008.

Mortgage Backed Securities ended the day higher yesterday and have moved up above the 50 days moving average for the first time in 3 months.  There was bad news released for both Fannie Mae and Freddie Mac again. Their stock has been downgraded again.

Mortgage Backed Securities are rallying today so my advice is to float as we may get a lender re-price for the better today.  If we close above the 50-day moving average that would be very technically significant.  If you need help understanding Mortgage Backed Securities please visit http://www.mortgagenewsdaily.com/mortgage_rates/mbs-basics.asp 

My Advice is to FLOAT your Delaware Mortgage Rate for today.

If you need help obtaining the best Newark Delaware Mortgage Rate for the purchase or refinance of a home, please feel free to call me at 302-368-7132 or send 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. Please visit https://www.delawaremortgageloans.net/semianrs

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