Mortgage Rates Weekly Update for March 26, 2018
Mortgage Rates Update for March 26, 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 failed to move lower after a stock market drop of over 400 points on Friday. If you look at the mortgage bond chart below you can see that mortgage bonds failed to break out of the channel they have been caught in for the past couple of weeks even in the face of a big stock market sell off. Failing to break above the 25 moving average is a bad technical signal for mortgage bonds so we are recommending LOCKING your Mortgage Rate to start the week.