Delaware Mortgage Rates - August 21, 2008
August 21st, 2008 by John Thomas
This is my daily advice on whether to float or lock your Delaware Mortgage Rate for Thursday August 21, 2008.
The mortgage back securities have experienced some selling pressure this morning and the bond is down. Lenders may come out with re-price for the worse. With so much gain in MBS over the last couple days, this pull back today is expected. If you lender hasn’t repriced for the worst and you are closing next week, you may want to lock in your Delaware Mortgage Rate. But long term it looks like this is a natural pull back to day and we could go up again tomorrow or next week. A correction is always expected after a very good run. For more information on how the market reacted to the news today visit
Financial Market News for Thursday
I am recommending to continue FLOATING your Delaware Mortgage unless you are closing next week.
If you need advice or help with your New Castle Delaware Mortgage Rate then feel free to call me at 302-368-7132 or send and e-mail to DelawareMortgages@yahoo.com
If you are a New Castle Delaware First Time Home Buyer then you should attend one of our Delaware First Time Home Buyer Seminars by visiting
John R. Thomas - Certified Mortgage Planner - Primary Residential Mortgage, Inc.
I am a Delaware native who has been actively involved in the Mortgage and Finanace industries for over 10 years
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