This is my daily advice on floating or locking your Delaware Mortgage Rate for Thursday, February 26, 2009.

The mortgage rates stayed pretty much the same as yesterday. We are about 0.375% worse than when we started the week. We experienced a big sell-off in bonds this week as investors decided to buy up in coupon mortgage bonds which mean bonds that are paying a higher rate. Sellers were selling them down in coupon bonds which are the 4.0% and 4.5% bonds. This has forced mortgage rates higher.  If you didn’t lock in your rate at the beginning of the week then I recommend floating as we may move higher next week. Friday may see more of a sell-off so be prepared for the rate to tick up another 1/8.

I recommend carefully FLOATING your Delaware Mortgage Rate for February 26, 2009.

If you need help with a Delaware FHA Streamline Refinance to lower your rate without verifying income or assets, no credit check, and no appraisal, then call me at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com for a free analysis. If your rate is 6.0% or higher than you can benefit from a lower rate and payment.

If you have been turned down for a mortgage because of credit challenges then you should attend our Free Understanding Credit and Credit Repair Seminar on March 14th 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