Delaware Mortgage Rates – February 27, 2009
February 27th, 2009 by John Thomas
This is my daily advice on floating or locking your Delaware Mortgage Rate for Friday February 27, 2009.
Mortgage bonds moved higher initially this morning but have since given back any gains as the stock market rallied on better than expected consumer confidence. The government is taking a 36% stake in CitiGroup. Here is the full story http://news.yahoo.com/s/ap/20090227/ap_on_bi_ge/citigroup_rescue
The Federal Reserve has announced that it has completed the purchase of 160 Billion in mortgages since it started the program in January.
I am recommending FLOATING your Delaware Mortgage Rate for Friday February 27, 2009 but very cautious as stocks could rally and pull money from the bond market.
If you need advice or help with a Delaware Mortgage then feel free to call me at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com. Rates are at historic lows so now is a great time to refinance or buy a new home. I can help you with a Delaware FHA Loan, Delaware VA Loan, Delaware USDA Rural Housing Loan, Delaware Conventional Loans, and Delaware Investor Loans.
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