Delaware Mortgage Rates Today — Compare DE Lenders
The average 30-year fixed mortgage rate in Delaware is currently 6.57% APR. Delaware has no sales tax and proximity to major Northeast metros — making it attractive for commuters seeking more affordable alternatives to Philadelphia and Baltimore. Compare today’s rates from top Delaware lenders across all major loan types below.
Delaware Mortgage Rate Comparison Table
Rates below assume a 740+ credit score, 20% down payment, and a $380,000 loan on a single-family primary residence in Delaware.
| Loan Type | Interest Rate | APR | Best For |
|---|---|---|---|
| 30-Year Fixed | 6.57% | 6.57% | Most Popular |
| 15-Year Fixed | 5.92% | 5.92% | Pay off faster, save interest |
| 5/1 ARM | 6.69% | 6.69% | Short-term owners |
| FHA 30-Year | 6.22% | 6.22% | Low down payment |
| VA 30-Year | 6.05% | 6.05% | Veterans & military |
| 30-Year Refinance | 6.69% | 6.69% | Existing homeowners |
Rates sourced from lender survey data and updated regularly. Actual rates vary by lender and borrower profile. See disclaimer.
Understanding Mortgage Rates in Delaware
Delaware offers an attractive combination of no sales tax, relatively affordable housing compared to neighboring states, and access to major Northeast job markets. Wilmington is a major financial services center, and Delaware’s beaches attract retirees and vacation home buyers to Sussex County.
Delaware’s financial industry — driven by favorable corporate laws — supports strong employment and housing demand in New Castle County. The state’s small size means buyers have easy access to multiple metro areas including Philadelphia, Baltimore, and Washington DC.
What Affects Your Delaware Mortgage Rate?
Several key factors influence the rate a Delaware lender will offer you: your credit score (740+ gets the best rates), your down payment (20%+ eliminates PMI), your loan type (VA and FHA often beat conventional), and broader market conditions driven by the Federal Reserve and Treasury yields. Always compare at least 3–5 lenders — the spread between best and worst rate can be 0.5–1.0%.