Mortgage Rates Update May 29, 2017
Mortgage Rates Update May 29, 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 about where they started as mortgage bonds have been trading in a tight range. Looking at the mortgage bond chart below you can see mortgage bonds have been hovering near the highs for the year as bonds have been trading between a tight ceiling of resistance and floor support. With mortgage bonds trading near the highs of 2017, we are recommending LOCKING Your mortgage rate to start the week to take advantage of the lowest interest rates of the year so far.