Mortgage Rates Weekly Update for July 3, 2017
Mortgage Rates Weekly Update for July 3, 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 moved higher to end the week as mortgage bonds sold off. If you look at the mortgage bond chart below you can see mortgage bonds broke beneath a level of support that has held for the past several weeks which is a bad technical signal. The short term outlook is for mortgage bonds to continue to trend lower so we are recommending LOCKING your mortgage rate to start the week.