Delaware Mortgage Rates for January 2007

Delaware Mortgage Rates  rose all week as lower oil prices and good economic news allowed the stock market to rally.  The S&P hit an all time high.  The outlook for the stock market going into next week is for a bullish run up.  This means Mortgage Rates in Delaware and across the nation are likely to continue there upward movement.

Mortgage Rates typically move higher when the stock market rallies because this pulls money out of the bond market into the stock market forcing interest rates on the bonds to increase.  Your mortgage is tied to a mortgage backed security which is bought and sold on the bond market.  So if we have a continued rally next week in the stock market we will see even more money moving out of bonds forcing Delaware Mortgage Rates higher.

If you are a Delaware First Time Home Buyer then you should consider attending one of our monthly Free First Time Home Buyer Seminars.

If you would like to apply for a Delaware Home 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