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

Two big reports released this morning. The first report is the GDP which came out a lot better than expected and is being attributed to economic stimulus checks and exports. This is a gross measure of growth. The second piece of news was the release of the initial jobs claims at 425,000 which is in line with expectations but still a 4 year high. The market didn’t react to the jobless claims but stocks have rallied on the news of the GDP. For more information on the GDP News visit http://www.bloomberg.com/apps/news?pid=20601068&sid=aebPB1ZZyvqA&refer=home

Mortgage Backed Securities have held pretty steady with the normally bad news for mortgage bonds. They are still sitting just below the 100 days moving average. Oil did top $120 a barrel but has since retreated back to $115 a barrel

I am recommending to FLOAT your Delaware Mortgage Rate for Thursday August 28, 2008. But if there is a sharp sell-off in Mortgage Bonds, I would recommend to Lock in your interest rate before a re-price.

If you need help with a New Castle Delaware Mortgage Rate please call me John Thomas at 302-368-7132 or send me an e-mail to DelawareMortgages@yahoo.com

I can help you get the best rate for a Delaware FHA loan, Delaware VA loan, a Delaware USDA Rural Housing Loan, and a Delaware Conventional Loan.

If you are a New Castle Delaware First Time Homebuyer then you should register for 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