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.

Building Permits and Housing Starts came in almost exactly where they were predicted to be. Producer Price Index (PPI) came in higher than expected, though core PPI came in exactly on target (good news). Capacity Utilization and Industrial Production both came in below expectations.

Technically speaking – the FNMA 6.0% 30-year bond fell yesterday to support levels. This morning it appeared to be taking a nice bounce with the core PPI news. Bonds are still in an oversold position leaving a lot of room on the upside. The Bond went up, down then back up today.

I am recommending floating right now, but be ready to lock at a moments notice because the market is still extremely volatile.

If you need help with a Delaware Mortgage Loan either for the purchase of a home or the refinance of your existing Delaware Home 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