Here are the daily thoughts on floating or locking your Delaware Mortgage Rate for May 14, 2008.

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

Consumer Prices came in below target expectations today. Both the regular and the core were lower than expected. This rather tame reading on inflation, while normally good for bonds, has caused the stock market to improve markedly causing bonds to lose what little they gained today.

Technically speaking – the FNMA 5.5% 30-year bond which had a major downturn yesterday has since managed to bounce off of the 200 days moving average.

As you can see, we were in that trench from about 10 AM to 130PM when we fell out. We are back in now, and indeed pushing the upper limits with 5.5% at 99-27.  Needless to say, a wild day.  Tomorrow could be even wilder.

Though bouncing off the 200-day moving average, the best bet is to Lock your interest rate.

If you would like to apply for a Mortgage Loan, 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