This is my advice on floating or locking your Delaware Mortgage Rate for Friday, August 29, 2008.

The Core PCE rose by 0.3% higher than we would have liked to see. This is an indication of inflation which is typically bad news for mortgage-backed securities. Income fell by 0.7%, yet spending managed to increase by 0.2%. For more information visit July Income Drop

We had 4 straight days of gains and the technicals are suggesting we might experience a pullback. Bonds are already trading lower than yesterday and have fallen through the 100-day moving average.

If you have loans closing next week, I would recommend LOCKING your Delaware Mortgage Rate today. If you are not closing for 2-3 weeks you might want to consider floating.

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

If you are a Bear 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