Delaware mortgage rate weekly update for the week of August 13, 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 rates increased to end the week last week as some better than expected news on the economy helped boost stocks and pulled money out of bonds. We saw the Labor Department release Initial jobless claims for the week of August 4, 2012, which saw lower than expected jobless claims. 361,000 new claims were filed versus 370,000 expected. Long term we still see mortgage interest rates staying near historic lows but short term we could see rates rise so we are recommending LOCKING in your Delaware Mortgage rate.