This is my daily advice for floating or locking your Delaware Mortgage Rate for Monday, March 16, 2009

The stock market finished down today after ending last week with triple-digit gains, please visit http://biz.yahoo.com/ap/090316/wall_street.html for the full story.  Ben Bernake said that he believes the economy would recovery by end of 2009, here is a video of his speech http://www.reuters.com/news/video?videoId=46895 .

The mortgage-backed securities started the day off down but recovered to the only end the day down 6 basis points.  MBS have been trading in a tight trading range.  Home loans were down about a 1/8 from Friday’s best rates.

I am recommending FLOATING your Delaware Mortgage Rate for Monday, March 16, 2009.

If you need help or advice with a Delaware Home Loan please call me at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com

I can help with Delaware FHA Loans, Delaware VA Loans, Delaware USDA Loans, Delaware Reverse Mortgages, Delaware First Time Home Buyer Programs, Delaware Investor Loans, and Delaware Commercial Loans.

If you are a Delaware First Time Home Buyer then you should register to attend one of our monthly First Time Home Buyer Seminars.  The next one is March 28, 2009, at 10:00 am and then again on April 18th.  If you would like to register please call 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com

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