Mortgage Rates weekly market update for the Week of March 23, 2015 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 for a Rate Quote or Apply Online for Rate Quote
Mortgage Rates were able to rebound higher last week after the Federal Reserve Meeting boosted stocks and bonds higher. If you look at the mortgage bond chart below you will see the big green candle on Wednesday which was the giant rally in the bond market after the Federal Reserve released the minutes from their meeting. Bonds were able to close above the 50 day moving average on Friday which will add support to bonds so we are recommending FLOATING your Mortgage Rate to start the week to see if bonds can build on this rally.