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Delaware

Current Delaware Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Delaware. Review free, personalized mortgage rates for Delaware based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Delaware. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates for Delaware as of October 23, 2019
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Get Personalized Mortgage Quotes for Delaware

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Delaware Mortgage Rates Compare?

October 23, 2019

The current average rate for a 30 year fixed rate mortgage in Delaware is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Delaware Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Delaware?

The median home value for Delaware is $264,100

The median household income for Delaware is $65,842

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Delaware is $48,999

The home price you can afford to buy based on household income in Delaware is 134% of the median home value which means housing prices are expensive. Delaware ranks 34 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Delaware is expensive

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Additional Mortgage Resources for Delaware Residents

Mortgage Rates for Delaware Cities

Dover Mortgage Rates

Sussex Mortgage Rates

Wilmington Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

FREEandCLEAR Housing Affordability Index