Delaware Mortgage Rates weekly market update for the Week of July 28, 2014, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Newark, Delaware Branch Manager and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan
Delaware Mortgage Rates continue on the roller coaster ride of up and down as there is extreme volatility in the bond market. If you look at the mortgage bond chart below you can see the up and down arrows show a roller coaster trading pattern for mortgage bonds which has mortgage interest rates moving up and down about 0.25% over the last 3 weeks. Since we ended the week with a Green Candle on the chart, we are going to recommend FLOATING your Delaware Mortgage Rate to see if bonds can rally off support.