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Delaware Mortgage Rates Weekly Update for January 23, 2012

John Thomas January 23, 2012 Tags: , , , ,

Delaware mortgage rates weekly update for the week of January 23, 2012, brought to you by John R. Thomas from Primary Residential Mortgage. Call 302-703-0727 to request a free mortgage planning consultation or APPLY ONLINE.

Delaware Mortgage Rates Weekly Update for January 23, 2012

Delaware mortgage rates opened worse today as the mortgage bond market sold off last week. Mortgage bonds are off their all-time highs so Delaware mortgage rates have increased from the all-time historic lows. The reading on inflation last week came our hotter than expected for the Producer Price Index at about 3%. News of a deal almost reached for solving the debt problem in Greece also was seen as good news so traders were moving money out of the bonds and into stocks.

Short term I recommend LOCKING your Delaware mortgage interest rate but longer term I would still recommend floating as there is still no solution to Europe’s debt problem and the economy here in the US is just not very strong.

If you would like to discuss obtaining a mortgage for the purchase of a home or refinancing your existing home, call us at 302-703-0727 for a free consultation or you can 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

About John Thomas

John Thomas and his team are long-time Delaware natives. They know the local real estate market as well as they know the loan products that help them serve it. Dedicated to helping first-time buyers; the John Thomas Team are experts on first-time buyer loan programs (FHA, VA, USDA) and conduct monthly first-time buyer seminars that have been attended by more than 3000 Delaware buyers.

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