This is my daily advice on floating or locking your loan for Friday, February 20, 2009.

The mortgage-backed securities (MBS) have opened higher this morning on weak stock reports. The CPI (Consumer Price Index) came out this morning as expected which is good news because this is a measure of inflation and a sign of increasing inflation would be bad for mortgage bonds.

If you didn’t lock your rate on Wednesday then you should continue floating unless there is a reversal and stocks start to rally, if that happens we could see the MBS drop and rates re-price for the worse.

I am recommending carefullt FLOATING your Delaware Mortgage Rate for Friday, February 20, 2009.

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

If you are looking to buy a home in Delaware then you should register to attend one of our Home Buying Seminars.  We still have room for our seminar tomorrow, Saturday, February 21, 2009, at 10:00 AM at our office in Newark, Delaware. Call me or e-mail me to register. Our next Home Buying Seminar is on March 28, 2009.

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