The mortgage bonds had a nice rally today and most lenders repriced for the better today for rates.  The rally comes after 3 days of selling in the bond market.  The rates have improved today on good results from the treasury auction today and consumer confidence coming in weaker than expected.  This has caused a rally in the bond market.

If you have been floating you may want to lock in these gains as there are more treasury auction coming this weak which if not received well will cause a sell off in bonds.

My recommendation is to lock in your Delaware Mortgage Rate for Tuesday October 27, 2009.

If you need advice or help with a Delaware Home Loan please feel free to send me an e-mail to DelawareMortgages@yahoo.com or call me at 302-703-0727.

John R. Thomas - Certifed Mortgage Planner - Primary Residential Mortgage, Inc.

www.DelawareMortgageLoans.net

Free Delaware First Time Home Buyer Seminar - November 21, 2009 at the Christiana Hilton Hotel in Newark, DE from 10 AM till Noon and again from 1 PM till 3 PM.  Call 302-588-3665 to register or send an e-mail to DelawareMortgages@yahoo.com