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.

The Producer Price Index (PPI) – the cost of supplies to produce consumer goods – came in below expectations. Though stripping out the volatile energy and food prices, the core PPI was higher than expected.

Technically speaking – the FNMA 5.5% 30-year bond jumped yesterday as the stock market slid from its daily high. This morning the bond is rallying due to both the PPI slipping and stock markets down around the globe.

Oil hits record $129.58 a barrel in NYMEX trading – stocks suffer. Investors flock to bonds.

Home Depot posts a 66% drop in net income due to the slowing economy and housing slump.

Thought this increase in bonds is good, they are also getting ready to bump up against a rather solid ceiling of resistance. I recommend floating but be prepared to take advantage of these recent improvements in Delaware Mortgage Rates if the bonds bounce off the ceiling of resistance.

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