Delaware mortgage rate weekly mortgage market update for the week of April 15, 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 moved higher at the beginning of last week but were able to rebound and move back toward some of the lowest rates of the year for 2013. As you can see in the Bond Chart below, mortgage bonds sold off to the start the week but were able to bounce off support on Thursday and ended the week almost back to the high for the year for mortgage bonds. We recommend carefully FLOATING to start the day Monday as mortgage bonds are at the best levels of the year and could fall lower causing home loan rates to move higher.