Mortgage Rates weekly market update for the Week of August 10, 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 reached the lows not seen since May on Monday last week but then sold off till hit floor of support on Wednesday. If you look at the mortgage bond chart below you can see bonds were able to rally off support on Wed. Bonds ended the week below where they started so mortgage interest rates did rise but with mortgage bonds rallying off support, we are recommending FLOATING your mortgage rate to start the week.