Delaware mortgage rate weekly update for the week of March 18, 2013, by John Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan.

Delaware mortgage rates were able to move slightly lower last week from hitting the highest level since August 2012 on Monday. Mortgage bonds were able to bounce off support on Tuesday moved higher to end the week as you can see from the Bond Chart below. Mortgage bonds have a long way to go in order to recover back to levels seen before the big sell-off.

Last week we saw Retail Sales for February 2013 increase by 1.1% which was 0.2% above January 2013 reading. This reading for February was the biggest gain in over five months. Thursday saw weekly initial jobless claims come in much better than expected at 332,000 versus the 350,000 expected. We also saw a read on inflation last week from the Producer Price Index which came in at expectations showing that inflation remains tame. Consumer Price Index came in a little hotter than expected at 0.7% versus 0.5% expected but still within acceptable range for the Federal Reserve.

I am recommending FLOATING  your Delaware Mortgage Rate to see if mortgage bonds can continue to rebound higher and move rates lower.  Call 302-703-0727 to schedule a free mortgage consultation to get pre-approved for a mortgage to purchase a home or to refinance your existing mortgage to lower your rate and save thousands of dollars in interest. There are several special governments refinance programs to help underwater Delaware homeowners refinance. There is the FHA Streamline Refinance Program, the VA IRRRL Streamline Refinance Program, and there is the HARP 1.0 and HARP 2.0 refinance programs. Call us or e-mail us now to get more information or you can APPLY ONLINE.

The next Free Delaware First Time Home Buyer Seminar is Saturday, April 20, 2013, in Newark, Delaware, and Tuesday, March 19, 2013, in Dover, Delaware. Register by calling 302-703-0727 or Register online at http://www.delawarehomebuyerseminar.com/

Then next Free Maryland First Time Home Buyer Seminar is Saturday, March 23, 2013, in Towson, Maryland. Register by calling 410-412-3319 or Register online at http://www.MarylandHomeBuyerSeminars.com

If you would like to apply for a Mortgage Loan, 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