Mortgage Rate Weekly Update for February 27, 2017
Mortgage Rate Weekly Update for February 27, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a Delaware 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 Rate were able to move lower to end the week as mortgage bonds were able to rally higher. If you look at the mortgage bond chart below you can see mortgage bonds were able to rally higher off support and ended the week at a level of resistance. We are recommending LOCKING your mortgage rate to start the week to take advantage of the recent move lower along with mortgage bonds facing a stiff overhead resistance which turned bonds lower the last time they tested this level.