Delaware mortgage rates weekly market update for the week of June 17, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan
Delaware mortgage rates were finally able to stabilize last week and stop their trek higher. We saw mortgage rates were able to improve slightly as the mortgage bond found a bottom of support and was able to bounce higher as can been seen from the bond chart below. We are recommending cautiously FLOATING your Delaware mortgage rate to start the week to see if bonds can continue to trade higher. If bonds reverse course and sell off again we will quickly switch to a locking stance.