Delaware Mortgage Loans

Here are the daily thoughts on floating or locking your Delaware Mortgage Loan Rate.

As always - consult your favorite mortgage professional who will be able to offer the best advice for YOUR unique situation.

It was a great day for MBS (Mortgage Backed Securities) yesterday as a sell-off in stocks prompted bond buying.  The 5.5% coupon finished the day at 100-23 which is almost enough profit margin to bring 5.5% at PAR within reach for many wholesalers (some of the more aggressively priced will be there), IF WE HOLD THE GAINS.

Jobless Claims came out this morning slightly lower than expected.  Is this a statistical blip or is the economy improving?  Productivity increased but hours worked decreased.  Finally, labor costs increase but not as much as expected.  All of this points to unsure times ahead.

Technically speaking - the FNMA 5.5% 30 year bond is at the bottom of a tight trading range.  Depending on how the stock market reacts will better determine the direction of bonds.  

Until the current range is broken, then the best bet is to

     Lock your Delware Mortgage Interest Rate.

If you need help obtainging a Mortgage for the purchase or  refinance of a home, please feel free to call me (John R. Thomas) at 302-368-7132 or send me an e-mail to DelawareMortgages@yahoo.com