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.

Mortgage Backed Securities opened this morning down even more than they ended yesterday. If you have a Delaware purchase loan that you have been floating hopefully you took my advice and locked it in yesterday.

The rate will be worse again today when lenders come out with their Delaware Mortgage Rates. If you are looking to refinance into a lower rate than you will need to wait for a while till mortgage bonds find their bottom. Historically rates reach their peak in the middle of summer than get better into the fall. So this fall might be a great time to refinance your Delaware Mortgage into a lower rate.

My recommendation if you didn’t lock yesterday is to float because we might see a bottom and rates could get better next week.

If you need advice on finding a Delaware Home Loan or need someone to manage your current Delaware Mortgage in Newark, Delaware, Wilmington, Delaware, New Castle, Delaware, Bear, Delaware, Dover, Delaware, Middletown, Delaware, Claymont, Delaware, Hockessin, Delaware, Greenville, Delaware, Lewes, Delaware, Rehobeth, Delaware, Smyrna, Delaware or anywhere in between feel free to give me (John Thomas) a call at 302-703-0727 or you can APPLY ONLINE HERE.

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