This is my daily advice on whether to float or lock your Delaware Mortgage Rate for Wednesday, August 27, 2008.

The market received better than expected news when the durable goods report came out much better than expected. This news should have been mortgage bond unfriendly and pushed rates higher but the bond market held its ground.  Also, stocks are being boosted today by a speech from Federal Chairman Lockhart who same inflation was tame.  Even with stocks pushing higher bonds are maintaining the gains they have gotten. This shows a strong resistance and looks like bonds could move higher.

My recommendation is to FLOAT your Delaware Mortgage Rate into Thursday.

If you need advice or help with your Wilmington Delaware Mortgage Rate then feel free to call me (John Thomas) at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com.  I can assist you with a Delaware FHA Loan, Delaware VA loan, Delaware USDA Loan, Delaware Commercial Loan, Delaware Conventional Loan.

If you are a Wilmington Delaware First Time Home Buyer then you should 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 19713v