Delaware Mortgage Rates are expected to climb today after falling yesterday.

Mortgage Bonds are trading lower again this morning. The euphoria has worn off from Tuesday’s rally following the interest rate cut. Traders have now assessed the long-term negative effects of the sinking Dollar and have begun selling into the market.

The US Dollar has been falling against foreign currencies. This is inflationary because it takes more Dollars to buy foreign imports, which is effectively the same thing as a price increase.

Bond prices may continue to drift lower throughout the day, pressuring home loan rates higher. For today, I will stick with a locking bias.

If you need to get advice on buying your first home in Delaware or want to know if now is a good time to refinance, please call me at 302-703-0727 or APPLY ONLINE HERE.

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