Here are the daily thoughts on floating or locking your Delaware Mortgage Rate.

As always – consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.

Bonds are trading up this morning on the news from the Feds that they have a backup plan for Fannie Mae & Freddie Mac.  This put renewed support for bond investors into mortgage-backed securities.  The Feds authorized both public companies to borrow from the Federal Reserve Bank if need be. This would eliminate any fears that either company would have a credit crunch.

I would recommend floating your Delaware Mortgage Rate because Bonds are rebounding from the sell-off on Friday. But make sure you stay in contact with your Delaware Mortgage Professional so that they can let you know if you need to lock because bonds could bounce off some tough resistance at the 200-day moving average and the 50-day moving average.

If you need professional advice on locking or floating your Delaware Mortgage Rate or need help obtaining a Delaware Home 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