Delaware Mortgage Refinance

The average home value in Delaware (population 885,122) is approximately $244,500. Values range broadly in the state, from $105,407 - $123,739 in Milford (19963) to $419,715 - $492,709 in Lewes (19958). The median sale price in Delaware is $161,400; however recent homes sales in Wilmington (19806) were $148,900 and $ 231,960. Homes in Hockessin (19707) recently sold for $388,000 and $550,000. Identifying a smart mortgage refinance strategy in Delaware is imperative to obtaining the best rate. Shop lenders throughout Delaware and know the difference between conforming and non conforming mortgages. Conforming mortgages are supported by Fannie Mae and Freddie Mac, which assist middle to low income families and typically rates are slightly higher. Also, Delaware residents should compare quotes for identical products and amounts to determine which rate is best. Currently, a 30 year fixed rate mortgage in Delaware is between 4.74% APR to 5.33% APR. The 15 year fixed product is 4.20% APR to 4.81% APR.