Delaware Mortgage Rates dipped
Delaware Mortgage Rates dipped down today January 5, 2007 because of the drop in the stock market today. The drop in the stock market saw money moving out of stocks and into safe assets like mortgage bonds. The average rate on a 30 year mortgage dipped 0.1% down from the mid week high to 6.29%. Beware websites or TV ads quoting low mortgage rates. The low mortgage rates quoted are based off factors that most people don’t qualify for and may include discount points that are buying down the mortgage interest rate. Be sure to contact a Delaware mortgage professional that can explain how the mortgage rates change and how your choice of loan programs can affect your mortgage interest rate. Call 302-703-0727 to talk to a Delaware loan officer.