Mortgage Rates weekly market update for the Week of March 30, 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 moved higher last week after a sell-off in the stock and bond markets on Wednesday and again on Thursday. If you look at the mortgage bond chart below you can see the trend had been for mortgage bonds to move higher and interest rates to move lower but the trend was reversed on Wednesday as bonds sold off into Friday causing mortgage interest rates to move higher.