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

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

Stocks are trading lower because of a bad earnings report from FedEx and Morgan Stanley.  This is more news supporting that we are in a recession or sliding into one depending on who you talk to about it. The rates have been higher lately because of the fear of inflation.

Mortgage Bonds are trading higher on the news which means rates could potentially get better.  The market could change at a moments notice because of the volatility. I am recommending floating right now but would be ready to lock if stocks or bonds change their direction.

If you need help with a Delaware Home Loan for a purchase or refinance, 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