Delaware Mortgage Rates Update for the Week of December 5, 2011
Delaware mortgage rates have stayed at all time low levels for the past two weeks as the bond market has been held up by a level of support in anticipation of the Federal Reserve starting QE3 in the first quarter of 2012. QE3 would be the Federal Reserve purchasing mortgage-backed securities in the hopes of keeping mortgage rates near historic lows.
I am recommending locking your Delaware mortgage rate if closing in the next 7-10 business days. If you are closing in the next 30-60 days you can float interest rate. If you need to apply for a Delaware mortgage loan for the purchase or refinance of a home in Delaware, PA or Maryland call us at 302-703-0727 or APPLY ONLINE.