Delaware Mortgage Rates are higher today because of the activity in the Mortgage Bond Market. Mortgage Bonds are under selling pressure so far today and are having a rough week overall after being pushed lower from resistance.

Sometimes things have to get a little worse before they can get better…and that’s what I expect to see from Mortgage Bonds over the next few days.

While Bond prices are currently lower on the day – I am advising a Floating position because Bonds are approaching a strong floor of support and it is unlikely that pricing will move below this level. The Mortgage Bonds should bounce up off the floor of support. This will drive Delaware Mortgage Loan Rates lower.

If you need a free analysis of your current mortgage loan to determine if now is a good time to refinance, please feel free to call me at 302-703-0727.

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713