Delaware Mortgage Rates are the same or slightly lower to start today because of the following news;

The only economic report released today was the New York Empire State Index for September, which came in less than expected and Mortgage Bonds had little reaction. All eyes and ears are now focused on tomorrow’s Federal Open Market Committee meeting.

The debate continues on how much the Fed will cut rates. Will it be 25 or 50bp? While the cut itself will be the major headline, bond prices will react to what the Fed says about inflation. If the Fed holds its view on inflation moderating, Bond prices may benefit. But if they state that inflation is worrisome, Mortgage Bonds will likely come under pressure, causing Delaware home loan rates to rise.

For today, with prices just above the 200-day Moving Average, I recommend cautiously floating as long as this floor of support holds, if it doesn’t hold then I recommend locking in your Delaware Mortgage Rate at the current market rate before a reprice by the lenders.

If you need a home loan or would like to meet with a mortgage planner, you can APPLY ONLINE HERE, you can call John Thomas at 302-703-0727.

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