Delaware Mortgage Rates Weekly Update – April 16 2012
Delaware mortgage rates weekly update for the week of April 16, 2012, from John R. Thomas with Primary Residential Mortgage in Newark, Delaware. Advice on floating or locking your Delaware mortgage interest rate and update on the latest financial news affecting mortgage rates. Call 302-703-0727 to schedule a free mortgage consultation or APPLY ONLINE for Delaware Mortgage Loan.
Delaware mortgage rate weekly update with John R. Thomas
Delaware mortgage rates once again have touched all-time lows as the mortgage bond market has been able to recover over the last 2 weeks after a Three-week sell-off. The big interest rate mover last week were the two reports on inflation which showed inflation subdued. The PPI (Producer Price Index) was released and came in at expectations which were great news. The PPI is a measure of wholesale inflation which measures the cost to produce goods and services. The CPI (Consumer Price Index) was also released last week and came in at expectations as well which was also good news. The CPI came in at 2.3% and this measures inflation at the consumer level.
If inflation does pick up this would be bad news for mortgage bonds and could force rates higher. The other report that helped moved mortgage bonds lower was the release of the initial jobless claims for the week of April 7th which showed 13,000 more claims and rose the claims to 380,000. This was the highest number this year and shows that the economy is not very strong. Adding to this negative news for the economy was the crisis in Europe that has continued with now spotlighting the problems in Spain.
If you would like to schedule a free mortgage planning consultation to discuss the purchase of a home or the refinances of an existing home please call 302-703-0727 or you can fill out a Delaware mortgage loan application online.
The next Free Delaware First Time Home Buyer Seminar is Saturday, April 21, 2012, in Newark, Delaware at the Christiana Hilton Hotel from 10 AM till Noon and again from 1 PM till 3 PM. The next First Time Home Buyer Seminar in Dover, Delaware is Tuesday, April 24, 2012, at the Dover Sheraton Hotel from 6:30 PM till 8:30 PM. You can register by calling 302-703-0727 or register online at www.DelawareHomeBuyerSeminar.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