Mortgage Interest Rates Update October 3, 2016
Mortgage Interest Rates update for the Week of October 3, 2016 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 Interest Rates again moved to the lowest rates of the year but have stalled again at these record low interest rates. If you look at the mortgage bond chart below, you can see that mortgage bonds moved to the highs of the year and have been stalled at tough ceiling of resistance which means going to be tough for rates to move lower and very big risk of rates moving higher. Therefore we are recommending LOCKING your Mortgage Interest Rate to start the week.