Delaware mortgage rate weekly update for the week of April 23, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware.  Call 302-703-0727 for a free mortgage planning consultation or APPLY ONLINE for Delaware Mortgage Rate Quote. John is the branch manager for Primary Residential Mortgage and the author of the book, Your Guide to Buying Your First Home in Delaware.

Delaware Mortgage Rate Weekly Update by John R. Thomas with Primary Residential Mortgage

Delaware mortgage rates remained at all-time record lows last week. My advice is to LOCK your Delaware mortgage interest rate to take advantage of these record low rates. Corporations have been reporting very good earnings which could move the bond market lower if continues this week which would move mortgage rates higher.

mortgage rates in Delaware were able to again touch record lows because of the following economic news that was mortgage bond friendly:

• Initial Jobless Claims came in at 386,000 higher than the expected 375,000
• Existing Home Sales and Housing Starts were lower in March
• Empire Manufacturing Index came in Lower along with Philly Fed Index came in Lower
• Europe back in headlines with concern now over Spain’s ability to pay down its debt

Now is the best time to refinance your Delaware mortgage loan with many special programs such as HARP 2.0 for refinancing underwater homeowners, FHA Streamline Refinances, and VA Interest Rate Reduction Refinances. It is also a great time to purchase a new home or even a second home with interest rates at all-time lows and home prices have dropped by as much as 30-50% in some areas. Call 302-703-0727 for a free mortgage planning appointment or APPLY ONLINE.

Next Free Delaware First Time Home Buyer Seminar is Tuesday, April 24, 2012, in Dover, Delaware and Saturday, May 19, 2012, in Newark, Delaware. You can register by calling 302-703-0727 or register online at www.DelawareHomeBuyerSeminar.com

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