(302) 703-0727

(302) 703-0727

Delaware Mortgage Rates – Update July 11, 2008

John Thomas July 11, 2008

Delaware Mortgage Rates saw improvement throughout the week but gave back some of the gains today. There was a big sell-off in mortgage back securities which drove the binds down below technical support. This has caused lenders to reprice for the worse. So hopefully your mortgage professional called you earlier today to lock in your Delaware Mortgage Rate.

The sell-off may be some profit taking from the run-up this past week, so we may see rates improve some next week, but with the market being as volatile as it is, you might want to consider locking in now if you are afraid the sell-off will continue into Monday. I have advised all my clients to lock this morning. If you haven’t heard from your mortgage professional today, please feel free to contact me about your Delaware Home Loan Rate. I can help you with Delaware FHA loans, Delaware VA loans, Delaware First Time Home Buyer programs, and Delaware USDA Loans.

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

About John Thomas

John Thomas and his team are long-time Delaware natives. They know the local real estate market as well as they know the loan products that help them serve it. Dedicated to helping first-time buyers; the John Thomas Team are experts on first-time buyer loan programs (FHA, VA, USDA) and conduct monthly first-time buyer seminars that have been attended by more than 3000 Delaware buyers.