Mortgage Rates Weekly Update for June 1, 2015
Mortgage Rates weekly market update for the Week of June 1, 2015, 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
Mortgage Rates were able to rebound lower last week as mortgage bonds rallied on lower stock prices. If you look at the mortgage bond chart below you can see mortgage bonds moved higher last week after bouncing off the lows of 2015. We are recommending FLOATING Your Mortgage Rate to start the week to see if mortgage bonds can continue to rally higher moving interest rates lower.