Mortgage Rates Weekly Update May 22, 2017
Mortgage Rates Weekly Update May 22, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a Delaware Loan Officer 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 ended the week slightly higher than where they started after mortgage rates hit the lows for the last 6 months. If you look at the mortgage bond chart below you can see mortgage bonds rallied last week until hitting ceiling of resistance on Thursday and being turned lower which moved rates higher after hitting 6 month lows. We are recommending LOCKING Your mortgage rate to start the week to take advantage of record low rates for 2017.