Delaware Mortgage Rates Weekly Update September 26, 2016
Delaware Mortgage Rates weekly update for the Week of September 26, 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
Delaware Mortgage Rates moved lower last week as mortgage bonds were able to rally higher on Wednesday after Federal Reserve left Fed Funds Rate the same. If you look at the mortgage bond chart below you can see mortgage bonds were trading at tough ceiling of resistance but were able to break higher on Wednesday through Friday. The short term trend is for mortgage bonds to move higher which would move mortgage interest rates lower. We recommend FLOATING your Delaware Mortgage Rates to start the week.