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Mortgage Rates Weekly Update 12-5-2016

John Thomas December 4, 2016 Tags: , , , ,
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Mortgage Rates Update for December 5, 2016

Mortgage Rates update for the Week of December 5, 2016 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 Rates ended the week slightly higher than they started as mortgage bonds continued to their downward move.  If you look at the mortgage bond chart below you can see the trend line has been for mortgage bonds to sell off and move mortgage interest rates higher.  Mortgage Bonds did find a floor of support and bounced higher off 2016 lows so we are recommending FLOATING Your mortgage rate to see if mortgage bonds can move higher and move mortgage rates lower.

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Mortgage Rates Update November 21 2016

John Thomas November 20, 2016 Tags: , , ,
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Mortgage Rates Update for November 21, 2016

Mortgage Rates update for the Week of November 21, 2016 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 Rates moved to the highest level for 2016 on Friday as mortgage bonds continued to sell off.  If you look at the mortgage bond chart below you can see the series of long red candles which show the bond continues to sell off and break through each floor of support.  Last Week we saw a false bounce back higher on bonds that didn’t as Thursday resumed the sell off in Bonds and followed through again on Friday.  The technicals show a strong sell signal still for bonds so rates could continue to move higher therefore we recommend LOCKING your mortgage rate to start the week.

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Mortgage Rate Weekly Update 11-14-2016

John Thomas November 12, 2016 Tags: , , , ,
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Mortgage Rate Weekly Update for November 14, 2016

Mortgage Rate Weekly update for the Week of November 14, 2016 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 Rates Spiked Higher after Donald Trump was elected the new President of the United States.  If you look at the bond chart below you can see mortgage bonds broke through support at the 200 day moving average on Tuesday Election day.  This was a bad sign for bonds and on Wednesday bonds follow through by selling off again and breaking through 2 more floors of support to end down almost 100 bps.  Thursday mortgage bonds again sold off and broke through 2 more floors of support.  This is very bad technical data and bonds more room to sell of before hitting the next floor of support.  Mortgage Rates moved higher as the market priced in the risk of a Donald Trump Presidency with his stated policy anticipating a rise in inflation.  Inflation is bad for fixed investment assets like bonds so bonds sold off in dramatic fashion jumping mortgage rates anywhere from 0.25% to 0.5% higher depending on your qualifying factors.  We recommend to LOCKING your mortgage rate as interest rates could continue to rise as the market digests what affect a Trump Presidency will have on the markets.

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Mortgage Rates Update for November 7, 2016

John Thomas November 6, 2016 Tags: , , ,
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Mortgage Rates Update for November 7, 2016

Mortgage Rates update for the Week of November 7, 2016 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 Rates finally stabilized and stopped moving higher last week as mortgage bonds found support at the 200 day moving average.  If you look at the mortgage bond chart below you can see mortgage bonds sold off and were able to stabilize at the 200 day moving average which is the blue horizontal line.  We are recommending FLOATING Your Mortgage Rates to Start the week to see if bonds can bounce off the support and move interest rates lower.

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DE Mortgage Rates Weekly Update October 31 2016

John Thomas October 29, 2016 Tags: , , , ,
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DE Mortgage Rates Weekly Update October 31, 2016

DE Mortgage Rates weekly update for the Week of October 31, 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 Rates Moved Higher Last week as mortgage bonds continued to sell off.  If you look at the mortgage bond chart below you can see mortgage bonds sold off last week and broke through the floor of support and finally stopped at the 200 day moving average.  We are recommending carefully FLOATING your DE Mortgage rate to start the week as mortgage bonds have held the 200 day moving average so we are looking for bonds to move higher and move mortgage interest rates lower.

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Mortgage Rates Weekly Update October 24 2016

John Thomas October 27, 2016 Tags: , , ,
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Mortgage Rates Weekly Update October 17, 2016

Mortgage Rates weekly update for the Week of October 24, 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 Rates were finally able to move slightly lower last week as mortgage bonds were able to rebound off support.  If you look at the mortgage bond chart below, you can see mortgage bonds had been trading lower for last couple of weeks but were finally able to find a floor of support last week and move higher but have hit a tough ceiling of resistance that will be very difficult to break above so we are recommending LOCKING Your Mortgage Rate to start the week to lock in the slightly better rates we saw at the end of last week.

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DE Mortgage Rates Weekly Update 10-17-2016

John Thomas October 15, 2016 Tags: , , , , ,
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DE Mortgage Rates Weekly Update October 17, 2016

DE Mortgage Rates weekly update for the Week of October 17, 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 Rates moved higher again last week as mortgage bonds continued to sell of as investors took profits.  If you look at the mortgage bond chart below you can see mortgage bonds ended the week lower and closed below the 100 day moving average.  There is still room to the downside for mortgage bonds before they hit a floor of support at the 200 day moving average so we are going to recommend starting the week LOCKING your DE mortgage rate as mortgage interest rates will probably continue to move higher in the short term.

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Mortgage Rates Weekly Update October 10, 2016

John Thomas October 9, 2016 Tags: , , , ,
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Mortgage Rates Weekly Update October 10, 2016

Mortgage Rates weekly update for the Week of October 10, 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 Rates moved higher last week as mortgage bonds sold off after being turned lower by resistance.  If you look at the mortgage bond chart below you can mortgage bonds sold off last week moving mortgage rates higher until finding a bottom on Friday.  Bonds were able to rally off support on Friday with Green Candle so we are recommending FLOATING Your mortgage rate to start the week.

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