Delaware Mortgage Rates – February 24, 2009
February 24th, 2009 by John Thomas
This is my daily advice on floating or locking your Delaware Mortgage Rate for Tuesday February 24, 2009.
The stock market recovered today after hitting a 12 year low. The recovery in the stock market pulled some money out of the bond market. The mortgage backed securities finsihed the day down 16 basis points. It is still trading in a tight range. Mortgage rates are still about the same as yesterday. If haven’t locked your loan already then I recommend floating your mortgage rate. If stocks continue to rally and pull more money out of bonds then I would recommend locking in your rate.
If you need help with obtaining a low mortgage to refinance your home or purchase a new home, please feel free to call me at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com.
If you have a mortgage rate of 6.0% or higher then you should give me a call because you can refinance to a lower rate to lower your payments. If you need to refinance to payoff high interest credit cards then you can refinance up to 95% of the value of your home.
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. Call me at 302-703-0727