People in Delaware who are in the market for a new home may be happy to learn that mortgage rates have been going down nationwide. After average long-term mortgage rates rose for three weeks in a row, they went down at the end of May. On May 21, Freddie Mac reported that the average rate for a 30-year mortgage was 3.84 percent, and the average rate for a 15-year mortgage was 3.05 percent.
Home mortgage rates falling
Avoiding last-minute mortgage problems in Delaware
There are several things that can happen that may lead to problems with a mortgage at the last minute when a person is trying to purchase real estate. It is important that people who are interested in engaging in a real estate transaction understand the issues that are often at play.
Obtaining a more favorable mortgage
Delaware residents might be interested in learning more about different strategies homeowners have successfully employed to obtain a more favorable deal on their mortgage. Acquiring a mortgage to purchase or refinance a home is typically the biggest financial decision many people will make. The abundance of options associated with selecting lenders and pricing options can be overwhelming for many consumers. Following up on referrals from friends and family members may be one of the most valuable resources for finding a great deal.
