Mortgage Rates Weekly Update for February 18, 2019
Mortgage Rates Update for February 18, 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 slightly higher to to end the week as mortgage bonds sold off. If you look at the mortgage bond chart below you can see mortgage bonds sold off on Monday with red candle after previous week’s run higher. Bonds fell to the floor of support which held on Friday. We are recommending FLOATING Your mortgage rate to start the week to see if mortgage bonds can rally higher off of support and move mortgage interest rates lower.