Delaware mortgage rates weekly update for the week of February 20, 2012, by John R. Thomas from Primary Residential Mortgage. Call 302-703-0727 for a free mortgage planning consultation or APPLY ONLINE.

Delaware mortgage rates weekly update for February 20, 2012, by John R. Thomas

Delaware mortgage rates ended last week higher after some good economic news and a hot reading on inflation. The good news helped push the stock market higher pulling money out of the bond market which moved mortgage interest rates higher. The good news released last week included the following:

• Better than expected housing starts
• Weekly Jobless Claims fell by 13,000
• Retail Sales Rose in January by 0.4% – double what was expected

The Consumer Core Price Index came out much hotter than expected which is a measure of inflation. Inflation is bad for bonds as it causes the bond to lose value so rates must go up to battle inflation. The trend for rates is not on a path higher so I would recommend LOCKING your Delaware mortgage interest rate.

If you would like to have free mortgage planning appointment for the purchase or refinance of a home loan then call 302-703-0727 or APPLY ONLINE.

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