This is my daily advice on floating or locking your Delaware Mortgage Rate for Thursday, November 20, 2008.

The stock market sold off yesterday about 400 pts and the DOW closed down below 8,000. The projection for the economy is bad through-out 2009. Car makers are on capital hill begging for a bailout. Money is moving into treasuries this morning taking some of the money that would be moving into mortgage-backed securities.

Mortgage Backed Securities are slightly up this morning and are holding above the 200 day moving average. The stock market is moving lower again after jobless claims come out worse than expected, here is more info on jobless claims. http://news.yahoo.com/s/ap/20081120/ap_on_bi_go_ec_fi/economy If we can get some of this money to move into bonds instead of treasuries we could see rates start to fall.

I am recommending FLOATING your Delaware Mortgage Rate for November 20, 2008.

If you need help or advice on a Newark Delaware Mortgage Rate then call me at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com

If you are a Newark Delaware First Time Home Buyer then you should register for our Free Delaware First Time Home Buyer Seminar on November 22, 2008, at 10:00 AM. Please call me at 302-368-7132 or send an e-mail DelawareMortgages@yahoo.com to register.

Please visit www.delawaremortgageloans.net for a complete list of seminars.

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