Mortgage Rates Update for December 5, 2016
Mortgage Rates update for the Week of December 5, 2016 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 they started as mortgage bonds continued to their downward move. If you look at the mortgage bond chart below you can see the trend line has been for mortgage bonds to sell off and move mortgage interest rates higher. Mortgage Bonds did find a floor of support and bounced higher off 2016 lows so we are recommending FLOATING Your mortgage rate to see if mortgage bonds can move higher and move mortgage rates lower.