This is my daily advice on floating or locking your Delaware Mortgage Rate for Tuesday, February 24, 2009.

The stock market recovered today after hitting a 12 year low. The recovery in the stock market pulled some money out of the bond market. The mortgage-backed securities finished the day down 16 basis points. It is still trading in a tight range. Mortgage rates are still about the same as yesterday. If you haven’t locked your loan already then I recommend floating your mortgage rate.  If stocks continue to rally and pull more money out of bonds then I would recommend locking in your rate.

If you need help with obtaining a low mortgage to refinance your home or purchase a new home, please feel free to call me at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com.

If you have a mortgage rate of 6.0% or higher then you should give me a call because you can refinance to a lower rate to lower your payments. If you need to refinance to pay off high-interest credit cards then you can refinance up to 95% of the value of your home.

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