This is my daily advice on floating or locking your Delaware Mortgage Rate for July 31, 2008.

If you took my advice and floated yesterday, then you will be very happy because the mortgage bonds finished up yesterday and are off to a great start today. Look at the graph from yesterday.

We had some very mortgage bond friendly news today. GDP report missed target and jobless claims came in a lot higher than expected. This is all good news for bonds.  Remember the higher the bond moves the lower your Delaware Mortgage Interest Rate will be on a Delaware Home Loan.

My recommendation is to FLOAT your Delaware Mortgage Rate.  At the end of the day, we will need to look at whether locking in the mortgage rate makes sense after we experience some good gains today.

If you need advice or a quote for your Wilmington Delaware Mortgage Rate please feel free to call me (John Thomas) at 302-368-7132 or send me an e-mail to DelawareMortgages@yahoo.com.

If you need advice on your Wilmington Delaware Home Loan, please feel free to contact me or you can APPLY ONLINE HERE.

If you are a Wilmington Delaware First Time Home Buyer then sign up for our First Time Home Buyer Seminar on August 23, 2008, please visit www.DelawareMortgageLoans.net/seminars to get information on registering.

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