Mortgage Rates Weekly Update for January 14, 2019
Mortgage Rates Update for January 14, 2019 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. 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 moved higher last week after reaching the lows not seen since last spring the previous week. If you look at the mortgage bond chart below you can mortgage bonds reached the high point on Thursday January 3rd and then have sold off since as the stock market has rallied and pulled money out of the bond market. Mortgage bonds did find a floor of support at 101.856 which held all last week so we are recommending FLOATING your Mortgage Rate to see if bonds can rally higher off support and mortgage mortgage interest rates lower.