This is my daily advice on floating or locking your Delaware Mortgage Rate for Wednesday, December 10, 2008.

The stock market surged today on news of an auto bailout coming from capitol hill.  The mortgage-backed securities also surged today on expectations of the Feds buying mortgage-backed securities.  Rates have fallen to the lowest level in 5 years.

My advice is to carefully Float but consider locking in the gains we got today.  Rates are currently in the low 5s.

If you need advice or help to obtain a mortgage for a purchase or a refinance then call me at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com

If you are a Delaware First Time Homebuyer then you should register to attend our First Time Home Buyer Seminar on Saturday, December 13, 2008, at 10:00 AM.

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