Delaware Mortgage Rates Weekly Update for January 23, 2012
January 23rd, 2012 by John Thomas
Delaware mortgage rates weekly update for the week of January 23, 2012 brought to you by John R. Thomas from Primary Residential Mortgage. Call 302-703-0727 to request a free mortgage planning consultation or APPLY ONLINE.
Delaware Mortgage Rates Weekly Update for January 23 ,2012
Delaware mortgage rates opened worse today as the mortgage bond market sold off last week. Mortgage bonds are off their all time highs so Delaware mortgage rates have increased from the all time historic lows. The reading on inflation last week came our hotter than expected for the Producer Price Index at about 3%. News of a deal almost reached for solving the debt problem in Greece also was seen as good news so traders were moving money out of the bonds and into stocks.
Short term I recommend LOCKING your Delaware mortgage interest rate but longer term I would still recommend floating as their is still no solution to Europe’s debt problem and the economy here in the US is just not very strong.
If you would like to discuss obtaining a mortgage for the purchase of a home or refinancing your existing home, call us at 302-703-0727 for a free consultation or you can APPLY ONLINE.
John R. Thomas
Certified Mortgage Planner – NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713
302-703-0727 Office
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I am a Delaware native who has been actively involved in the Mortgage and Finance industries for over 10 years. Call me at 302-703-0727