This is my daily advice on floating or locking your Delaware Mortgage Rate for Monday, February 23, 2009.

Stocks were lifted at the beginning of the day but sold off after bad news from GE, AIG, and CitiGroup. Mortgage-backed securities traded in a tight range and finished the day almost unchanged.  Bonds have still not benefited much from the stock market sell-off.

I am recommending carefully floating but be prepared to lock.  Bonds are sitting just below a tough layer of resistance which may be tough to push through. So FLOAT but be prepared to lock if bonds sell off to lock in gains.

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

If you are looking to buy a home in Delaware then you should register to attend our Home Buying Seminar on March 28, 2009. For a complete list of seminars please visit 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