Mortgage Rates Weekly Update for June 11, 2018
Mortgage Rates Update for June 11, 2018 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 have moved up from the lows of 2018 as geopolitical and trade war uncertainty have eased as well as the release of some solid economic data. If you look at the mortgage bond chart below you can see mortgage bonds have been trending lower since hitting the high of 2018 at near the end of May. Mortgage bonds closed just at the 25 moving average and the technical signals are not good for mortgage bonds so we recommend LOCKING your mortgage rate.