Delaware mortgage rates weekly market update for the week of June 10, 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 continue to move higher as the mortgage bond struggles to find a bottom of the support. If you look at the mortgage bond chart below you can see mortgage bonds have been selling off and stepping lower almost every week since the beginning of May 2013. We are hoping the bond can find a bottom here and bounce higher as indicated by the arrow but if bonds move lower than downward trend will continue in bonds. We are recommending LOCKING your Delaware mortgage rate as the bond has not been able to hold a level of support so the risk is for rates to continue to move higher.