Yesterday Mortgage Bonds dipped below the 200 days moving average causing Delaware Home Loan Rates to raise higher again to end the day yesterday.

Today, Mortgage Bonds are trading just below the 200-day Moving Average.

Presently, I feel it is prudent to Float, as I wait and see if the Bond can muster some strength and move above this level. Should the Bond get pushed lower and farther away from the 200-day Moving Average, I will be changing my position to a Locking stance.

Delaware Mortgage Lenders just re-priced for the better today as bonds broke thru the 200-day moving average, if they can stay above the moving average for the remainder of the day, this might become new support for Mortgage Bonds.

If you need help deciding if you should lock in a rate or not, please feel free to call me at 302-703-0727.  If you need advice on purchasing a new home or refinancing an existing loan, please feel free to call me 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