Mortgage Rate Weekly Update for January 30, 2017
Mortgage Rate Weekly Update for January 30, 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 as stock markets hit record levels. If you look at the mortgage bond chart below you can see the trend is for mortgage bonds to sell off but bonds were ale to find a floor of support on Thursday and ended the week with a green candle so we are recommending FLOATING your mortgage rate to start the week to see if mortgage bonds can recover.