This is my daily advice on floating or locking your Delaware Mortgage Rate for Monday, December 8, 2008.

Mortgage-Backed securities sold off last week from the highs reached on Monday, December 1, 2008. The long term outlook is still for lower rates in January when the Feds begin buying mortgage-backed securities.

Stock futures are soaring this morning as there appears to be a deal reached for an automotive bailout. Mortgage-backed securities are still trading in the green in spite of this news.  In other News, Industry Giant Merril Lynch is being bought by Bank of America.

I am recommending to FLOAT your Delaware Mortgage Rate for Monday December 1, 2008.

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

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