Delaware Mortgage Rates Weekly Update – January 16, 2012
Delaware Mortgage Rates Weekly Update for January 16, 2012 by John R. Thomas from Primary Residential Mortgage
The Mortgage Bond Market was closed today for Martin Luther King Jr Holiday. Mortgage bonds continue to trade at all-time highs which means mortgage rates are still at all-time historic lows. So now is still a great time to purchase a home or refinance your current Delaware Home Loan. Consumer Sentiment came in at a level not seen since May of 2011 but the real picture for shopping was shown in December sales at only 0.1% increase over November versus 0.4% expected. This was because retailers had to discount to get the sales which cut profits.
The crisis in Europe with its debt problems are still helping to keep Delaware mortgage rates low. The agreement to help Greece with its debt problem seems to encounter some issues as the 50% write-down agreed to by investors seems like it may not be enough.
I am recommending FLOATING your Delaware mortgage interest rate if you are closing in the next 30-60 days. If you are closing in the next 7-10 days I would recommend LOCKING your Delaware mortgage rate. If you would like to have a free mortgage consultation please call 302-703-0727 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
