Delaware mortgage rates weekly update for the week of March 26, 2012, by John R. Thomas with Primary Residential Mortgage.  Advice on mortgage loans and floating or locking your Delaware mortgage interest rate. Call 302-703-0727 for a free mortgage consultation or APPLY ONLINE

Delaware Mortgage Rate Weekly Update with John R. Thomas – NMLS 38783

Delaware mortgage rates have continued the slow rise that started 2 weeks ago as the mortgage bond keeps trending lower causing home loan rates to slowly increase. The housing-related news released last week showed the housing market is still weak. Housing Market hit a pot hole in February, the Existing home sales fell 0.9% and New home sales fell 1.6% in February which was below expectations.

The slower housing market and rising interest rates are causing the Federal Reserve to consider QE3 which would be another round of bond buying.  The goal of QE3 would be to help keep interested rates low to bolster the weak housing market.  The Federal Reserve has stated it would keep the Fed Funds Rate low until 2014. But Federal Nominee stated that Strong Recovery May Speed 2014 Rate Hike.

If you are purchasing or refinancing a home in Delaware then you should consider LOCKING your Delaware mortgage interest rate as home loan rates could continue to rise if the Bond market follows the downward trend. If you would like to schedule a free mortgage loan consultation you can call 302-703-0727 or you can APPLY ONLINE FOR MORTGAGE APPLICATION.

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