Mortgage Interest Rates Weekly Update for 1-16-2017
Mortgage Interest Rates Weekly Update for January 16, 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 Interest Rates ended the week slightly higher as mortgage bonds sold off on Thursday and Friday to end the week. If you look at the mortgage bond chart below you can see Mortgage bonds have reversed their upward trend and are now trending lower after being turned lower at a tough ceiling of resistance. We are recommending LOCKING your mortgage interest rate to start the week to lock in the gains we have seen the last couple of weeks with a tough over head ceiling of resistance putting a cap on mortgage bonds.