Delaware mortgage rates weekly update for the week of March 5, 2012, by John R. Thomas from Primary Residential Mortgage. Call 302-703-0727 for a free mortgage planning appointment or APPLY ONLINE.

Delaware mortgage rate weekly update from John R. Thomas

Delaware mortgage rates had a volatile week last week. Mortgage rates rose significantly after Federal Chairman Ben Bernanke gave his testimony to the House Financial Services Committee. The testimony caused both stocks and bonds to sell off as he made no mention of QE3 which was being anticipated by the market. Delaware home loan rates did improve some at the end of the week but we didn’t recover from everything we lost after Ben’s speech.

Inflation is running slightly hot which could be bad news for bonds if it causes the Fed to raise short term interest rates to battle inflation. I would recommend LOCKING your Delaware mortgage rate as rates are still at all time lows and we have seen rates can move worse at a moments notice.

If you would like a free mortgage consultation call 302-703-0727 for the purchase or refinance of a home or you can APPLY ONLINE.

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713