Mortgage Rates in Delaware
15-Year Fixed mortgage rates in Delaware are at 7.375% with 0.000% point(s), 30-Year Fixed mortgage rates today with 0.000% point(s) in Delaware are at 7.300%, 15-Year Fixed mortgage rates today with 0.000% point(s) in Delaware are at 6.750%. Delaware 1-Year ARM mortgage rates are at 6.750% with 0.000% point(s), Delaware 7/1 ARM mortgage rates are at 7.000% with 0.000% point(s), Delaware 7/1 Jumbo ARM mortgage rates are at 6.500% with 0.690% point(s).
APR / Rate
Fees and Points
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes or insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.
Delaware Mortgage Rates:
Search and compare mortgage rates and refinance rates in Delaware. Our rate table has a list of Delaware mortgage rates and mortgage refinance rates. You can also use our free mortgage calculator to calculate monthly mortgage payments. When you start your search for current mortgage rates in Delaware you need to first have an understanding of the types of mortgages available and their corresponding interest rates. Types of rates available in Delaware include conforming mortgage rates, super conforming rates, jumbo rates, adjustable rates, HELOC rates and home equity loan rates. There are variations of each type of mortgage available in $regionName listed below.
Mortgage Rates in Delaware December 7, 2023
30-Year Fixed FHA
5/6M SOFR ARM
The mortgage rates presented are solely intended for informational use. Please consult the mentioned lenders for up-to-date mortgage rates. The actual mortgage rates and other loan conditions depend on the lender's approval and are not guaranteed.
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Delaware Conforming Mortgage Rates
Conforming mortgage rates are rates on mortgages that meet the criteria set out by the Federal Housing Finance Agency. There are limits set for each county of Delaware. There are higher mortgage loan limits for designated high-cost areas, like on the coasts and in large cities.
Delaware mortgages that “conform” to the standards set out by the Federal Housing Finance Agency can be purchased by Freddie Mac and Fannie Mae. This process guarantees banks are able to resell Delaware mortgage loans that have been made. As a result, Delaware mortgage rates today are lower than jumbo interest rates in $regionName. Conforming mortgages and jumbo mortgages are available in terms of 40 years, 30 years, 25 years, 20 years, 15 years and 10 years.
Delaware Super Conforming Home Loan Rates
Super conforming mortgages in Delaware are mortgages that have higher mortgage loan amounts but still “conform” to the standards set by the Federal Housing Finance Agency. Super conforming mortgages are available for the higher cost housing areas like the coasts and in large cities.
Delaware Jumbo Loan Interest Rates
Delaware jumbo mortgage rates are rates for mortgage loans that have a dollar amount higher than conforming and super conforming loan amounts. Jumbo home loan rates in Delaware are usually 0.75 basis points higher than conforming mortgage rates in Delaware because there is no guarantee banks and credit unions can sell these mortgages after they make the loans.
Delaware Fixed Rate Mortgages
Fixed rate mortgages are the most common mortgage available in Delaware. The mortgage rate and the monthly payment stay the same for the entire life of the mortgage loan. This makes fixed rate mortgages the most stable and predictable for mortgagees.
Delaware Adjustable Interest Rates
Delaware adjustable mortgages have a fixed mortgage rate for a certain number of years and then the mortgage rate adjusts every year after the initial period. There are usually yearly caps and life time caps on how much the mortgage interest rate and fluctuate. Your monthly mortgage payment will be lower at first but can rise when mortgage rates rise. Adjustable mortgages are available in terms of 1 year, 3 years, 5 years, 7 years and 10 years.
Delaware Interest Only Home Mortgage Rates
Delaware interest only mortgages are mortgages that the borrower pays only the interest on the principal balance or a set period of time. After the initial period the mortgagee pays both interest and principal. Interest only (IO) mortgages were popular during the housing boom.
Delaware FHA Mortgage Mortgage Rates
Borrowers in Delaware must meet certain requirements established by FHA to qualify for a mortgage insured by the FHA. FHA mortgage interest rates in Delaware are usually lower than conforming mortgage interest rates because mortgage lenders bear less risk because FHA will pay the lender if a homeowner defaults on his or her mortgage loan.
Cities in Delaware