Mortgage rates for Delaware on Lender411 for 30-year fixed-rate mortgages are at 3.88%. That dropped from 4.00% to 3.88%. The 15-year fixed rates are now at 3.08%. The 5/1 ARM mortgage for Delaware is now at 2.71%.
If you are looking for up to the minute Delaware mortgage rates, you’ve come to the right place. Finding the lowest rates is easy when you have access to our vast network of trusted mortgage professionals in Delaware. Talk to multiple mortgage lenders in DE to compare rate quotes and understand your options.
Why is it critical to find the lowest rate when refinancing? Simply put, this is the entire goal of a refinance. The lower your new rate, the more money you’ll save. While there are many ways to secure a refinance loan, the best option is the no cost refi, which allows you to switch to a new mortgage with a lower rate without paying the fees associated with closing a new loan. This can literally save you thousands of dollars.
The loan types available in Delaware are much like those available elsewhere. One of the most widely available mortgage loan types is the 30 year fixed rate mortgage. As the name implies, this loan comes with a fixed interest rate. This is considered the most financially sound mortgage by many borrowers. Some opt for the 15-year fixed option.
The adjustable rate mortgage (ARM) is another common loan type. You can also pursue a jumbo loan, interest-only loan, balloon mortgage, or other specialized loan type. Whether or not one of these loans fits you will depend entirely on your needs and the requirements of your lender. Government backed loans, such as the FHA loan and the VA loan, are available to those who qualify.
Delaware is one of the original thirteen colonies and is called the First State because it was first to ratify the Constitution. It is the second smallest State in the U.S, larger only than Rhode Island. Wilmington, Delaware, is the largest city and economic center of the state. It is within easy commuting distance of Philadelphia and Baltimore. Other major Delaware cities include Dover, Newark, and Pike Creek.
Delaware has no official or recognized National Parks, sites or memorials, but there is plenty to see and do. The state boasts the longest twin span suspension bridge in the world. Delaware hosts several annual festivals including The Big August Quarterly, Oktoberfest, The Polar Bear Plunge, and The Clifford Jazz Festival.
To learn more about homeownership in Delaware or research DE home buying programs, visit the Delaware HUD portal.
If you prefer to keep researching on the internet, the following links will direct you to additional mortgage information.