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February 2018 Archives

The commitment of buying a home together

Buying a home may be one of the most significant purchases a person makes. For Delaware couples who decide to purchase a home together, it can turn out to be more of a commitment than getting married. Engaged couples who decide that they no longer want to get married can simply end their engagement. However, if they have purchased a home together, the financial entanglements can make getting rid of the home a complicated process and might result in a major financial loss.

Mortgage rates continue to increase

Delaware homeowners may soon be paying more on long-term mortgage rates. Interest rates are rising because the Federal Reserve is taking action to keep inflation at a reasonable level. It is expected that the Fed will raise rates at its March meeting. The national bank raised rates three times in the previous year. The 30-year rate was 4.22 percent as of Feb. 1, which was the highest since March 2016.