Delaware Mortgage Rates Weekly Mortgage Market Update February 4, 2013
Delaware mortgage rate weekly update for the week of February 4, 2013, by John Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, DE 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 tried to move lower last week but ended the week where they started as the stock market continued to push higher. Mortgage bonds traded in a tight range last week and couldn’t break above the 200 days moving average. We can start the week FLOATING to see if mortgage bonds can try again to break through resistance and move home loan rates lower. If bonds break below the floor of support then we need to switch to a LOCKING stance quickly. The long term outlook for rates is to move higher as the downward trend in mortgage bonds continues.
