DE Mortgage Rates Weekly Update October 31, 2016
DE Mortgage Rates weekly update for the Week of October 31, 2016 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a 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 Last week as mortgage bonds continued to sell off. If you look at the mortgage bond chart below you can see mortgage bonds sold off last week and broke through the floor of support and finally stopped at the 200 day moving average. We are recommending carefully FLOATING your DE Mortgage rate to start the week as mortgage bonds have held the 200 day moving average so we are looking for bonds to move higher and move mortgage interest rates lower.