Delaware mortgage rate weekly update for the week of June 18, 2012, by John R. Thomas from 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 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan.

Delaware Mortgage Rate Weekly Update by John R. Thomas

Delaware mortgage rates are still at all-time historic lows following last weeks very tame reading on inflation. We saw the Consumer Price Index (CPI) come in 0.3% lower for May 2012 and the Producer Price Index (PPI) also came in below expectations for May 2012. This shows both consumer inflation and wholesale inflation are both tame which was great news for mortgage bonds. The bad economic news coming out of Europe from Greece, Spain, Portugal, and Ireland have also helped mortgage rates reach all-time record lows. The Greek people held elections on Sunday which supported the pro-austerity party.

The big report to watch this week is the FOMC meeting on Tuesday which will be released on Wednesday. If Feds mention QE3 this could hurt home loan rates in the short term as this may boost the stock market. I would recommend LOCKING your Delaware mortgage rate if you are closing in the next 30 days to take advantage of these low rates.

The next Free Delaware First Time Home Buyer Seminar is Saturday, June 16, 2012, in Newark, Delaware and Tuesday, June 19, 2012, in Dover, Delaware. Register by calling 302-703-0727 or Register online at Delaware Home Buyer Seminar

The next Free Maryland First Time Home Buyer Seminar is Saturday, June 30, 2012, in Towson, Maryland. Register by calling 410-412-3319 or Register online at Maryland 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