This is my daily advice on floating or locking your Delaware Mortgage Rate for Friday, February 27, 2009.

Mortgage bonds moved higher initially this morning but have since given back any gains as the stock market rallied on better than expected consumer confidence. The government is taking a 36% stake in CitiGroup. Here is the full story http://news.yahoo.com/s/ap/20090227/ap_on_bi_ge/citigroup_rescue

The Federal Reserve has announced that it has completed the purchase of 160 Billion in mortgages since it started the program in January.

I am recommending FLOATING your Delaware Mortgage Rate for Friday, February 27, 2009, but very cautious as stocks could rally and pull money from the bond market.

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

Rates are at historic lows so now is a great time to refinance or buy a new home. I can help you with a Delaware FHA Loan, Delaware VA Loan, Delaware USDA Rural Housing Loan, Delaware Conventional Loans, and Delaware Investor Loans.

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