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.

Little economic news on tap for today. The big news yesterday in China raising the price of fuel for its citizens. This helped bring down the price of oil yesterday. Stocks appear to be set for another drop today – this spells good news for bonds. Stocks Dropped because oil railed today after selling off yesterday.

Technically speaking – the FNMA 6.0% 30-year bond was on a bit of a roller coaster yesterday. If bonds are able to break above current resistant levels, look for a bit of an improvement in rates.

I recommended locking in yesterday because mortgage bonds sold off at the end of the day. Today we had some nice gains and I would recommend locking in those gains in case we price for the worse at the end of the day.

Lock your interest rate.

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