Delaware Mortgage Rates Weekly Update for May 21, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the branch manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 for a free mortgage planning appointment or APPLY ONLINE for Delaware mortgage loan.

Delaware mortgage rate weekly update with John Thomas

Delaware mortgage rates set an all-time record low after bad news coming out of the Eurozone and with the lowest read on consumer inflation since February 2011. The European Central Bank told Greece it would no longer provide funding to Greece Banks. The ECP will not bail out Greek Banks and said funding must come from Greece. This has put concerns that Greece may be left with only one option which would be leaving the European Union. Spain was also in the news because it is in a recession that may last throughout 2013. This means Spain could be the next Greece.

We also saw the Consumer Price Index (CPI) come in at 2.3% for April which is the lowest reading since February 2011. This is a tame reading on inflation so this also helped mortgage interest rates set another all-time record low. Now is the perfect time to purchase or refinance a home in Delaware so don’t wait to apply now! Call 302-703-0727 or APPLY ONLINE.

The New Castle County DPS Program is suspended until July 1, 2012, as it has run out of money. The program lends first time home buyers in New Castle County Delaware up to $5,000 for down payment and/or closing costs. The New Castle County HIP Program is also supposed to be refunded on July 1, 2012, as well.

The next Free Delaware First Time Home Buyer Seminar is Tuesday, May 22, 2012, in Dover, Delaware at 6:30 PM and Saturday, June 16, 2012, in Newark, Delaware at the Christiana Hilton Hotel from 10 AM till Noon and again from 1 pm till 3 PM. You can register by calling 302-703-0727 or register online at Delaware First Time Home Buyer Seminars.

The next free Maryland First time Homebuyer seminar is Saturday, June 30, 2012, in Towson, Maryland at the Sheraton Baltimore North Hotel. The seminar is from 10 AM till Noon and you can register by calling 410-412-3319 or register online at Maryland First Time Home Buyer Seminar.

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