Delaware Mortgage Rate Weekly Update for May 7 2012
Delaware Mortgage Rates Weekly Update for May 7, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the branch manager of the Newark office and is the author of the best selling book, Your Guide to Buying Your First Home in Delaware. John provides advice on floating or locking your Delaware mortgage interest rate each week in the update. You can call 302-703-0727 to schedule a free mortgage consultation or you can APPLY ONLINE for Delaware mortgage loan
Delaware mortgage rates weekly update by John Thomas
Delaware mortgage rates have stayed at all time historic lows as last weeks Job Reports helped support the mortgage bond market. The jobs report contained the non-farm payroll jobs created which were expected at 162,000 but came in at 115,000. The unemployment rate actually ticked down to 8.1% but this was not actually good news because the rate didn’t tick down because jobs were being created. It came down because the Labor Force Participation Rate (LFPR) came in at 63.6 which is the lowest reading since December of 1981. The LFPR measures how many eligible workers are actually participating in the economy.
I would recommend LOCKING your Delaware mortgage rate if you are looking to purchase or refinance your home in the next 30-60 days as mortgage rates are at all time historic lows.
Free Delaware First Time Home Buyer Seminars Every Month in Newark, Delaware and Dover Delaware. Click the link below for complete schedule and to register:
Free Maryland First Time Home Buyer Seminars Every Month in Towson, Maryland. Click the link below for complete schedule and to register:
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