Delaware Mortgage Rates – Market Update – July 17, 2008

July 17th, 2008 by John Thomas

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

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

Today is going to be another bad day for mortgage backed securties which means mortgage rates are going to be higher again today with the potential for repices for the worse through-out the day. Stocks are continuing to rally from yesterday putting more pressure on the bonds. Technical data also predicted a sell off in bonds.

If you haven’t already locked in your Delaware Mortgage Rate, lock now. Rates will probably continue to get worse into tomorrow and end the week worse off than they started.

If you need help with a Delaware Home Loan, please feel free to call me (John Thomas) at 302-368-7132. I can help you with a purchase mortgage or a refinance mortgage. I can even help with bad credit mortgages.

If you are a Delaware first time home buyer then you should attend one of our First Time Home Buyer Seminars by checking the calender at www.DelawareMortgageLoans.net/seminars

Here is how bonds are looking at 11:30 AM, really looks bad, when bond prices go down, rates go up, so Lock in Now before lender reprices for the worse!