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.

Retail sales came in exactly on target. Unfortunately, sales minus the ever-fluctuating auto industry came in better than expected. This will give encouragement to the stock market and feed a sell-off of bonds – translating to an increase in rates today. Oil also jumped up today and is looking to finish at an all-time high again.  Look for a re-price late in the day for the worse.

Technically speaking – the FNMA 5.5% 30-year bond fell below a major level of support this morning on the news of retail sales.

Since this level of support has been breached, the best bet is to lock your Delaware Mortgage Interest Rate.

If you need help with obtaining a home loan for the purchase or refinance of a home please feel free to call me at 302-368-7132 (John R. Thomas) 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