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Mortgage Rates Weekly Update for March 23, 2015

John Thomas March 23, 2015 Tags: , , , , ,
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Mortgage Rates weekly market update for the Week of March 23, 2015 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager 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 able to rebound higher last week after the Federal Reserve Meeting boosted stocks and bonds higher.  If you look at the mortgage bond chart below you will see the big green candle on Wednesday which was the giant rally in the bond market after the Federal Reserve released the minutes from their meeting.  Bonds were able to close above the 50 day moving average on Friday which will add support to bonds so we are recommending FLOATING your Mortgage Rate to start the week to see if bonds can build on this rally.

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Mortgage Rates Weekly Update for March 16, 2015

John Thomas March 15, 2015 Tags: , , , , ,

Mortgage Rates weekly market update for the Week of March 16, 2015 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager 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 to stop moving higher last week after bonds found a support.  If you look at the mortgage bond chart below, you can see that mortgage bonds were able to rally back on Monday after previous week sell off after Jobs Report.  Bonds were able to move higher during the week which has caused the short term trend for mortgage bonds to be upward.  This could help move home loan interest rates lower in the coming week so we are recommending FLOATING your Mortgage Rate to start the week.

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Delaware Home Buyer Seminar April 18, 2015

John Thomas March 15, 2015

Delaware Home-Buyer Seminar

There will be a First Time Home Buyer Seminar on Saturday April 18, 2015 at 10:00 AM till Noon. The seminar will last about 2 hours and each participate will be able to receive a copy of their credit report. The seminar will cover all of the basics of buying a home in Delaware. The seminar will cover FHA loans, VA loans, USDA Rural Housing Loans, First Time Home Buyer Loan Programs and the FHA 203k Rehab loans.

The Seminar is sponsored by The Neighborhood House so each participant will receive home buyer counseling credit toward the required HUD approved home buyer counseling required for Delaware First Time Home Buyer Programs.

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Delaware Home Buyer Seminar March 14 2015

John Thomas March 8, 2015 Tags: , , ,
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Delaware Home-Buyer Seminar

There will be a First Time Home Buyer Seminar on Saturday March 14, 2015 at 10:00 AM till Noon. The seminar will last about 2 hours and each participate will be able to receive a copy of their credit report. The seminar will cover all of the basics of buying a home in Delaware. The seminar will cover FHA loans, VA loans, USDA Rural Housing Loans, First Time Home Buyer Loan Programs and the FHA 203k Rehab loans.

The Seminar is sponsored by The Neighborhood House so each participant will receive home buyer counseling credit toward the required HUD approved home buyer counseling required for Delaware First Time Home Buyer Programs.

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Mortgage Rates Weekly Update for March 9, 2015

John Thomas March 8, 2015 Tags: , , , , , ,
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Mortgage Rates weekly market update for the Week of March 9, 2015 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager 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 on Friday after the Jobs Report was released which moved interest rates up 0.375% to 0.5%!  If you look at the mortgage bond chart below you can see mortgage bonds have been trading on a downward pattern but had tried to stabilize over the last week and find a floor of support.  But on Friday you can see giant red candle that signals mortgage bonds had a big sell off and dropped almost 100 basis points causing lenders to re-price mortgage rates for the worse twice in one day as mortgage bonds continued to fall throughout the day.  Bonds broke through two floors of support on Friday which will now act as resistance levels.  With the next floor of support at the 200 day moving average being still lower and the breakout trend being lower as well, we are recommending LOCKING your mortgage interest rate to start the week.

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Mortgage Rates Weekly Update for February 23, 2015

John Thomas February 24, 2015 Tags: , , , ,

Mortgage Rates weekly market update for the Week of February 23, 2015 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager 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 lower again last week as mortgage bonds continue to sell off.  If you look at the mortgage bond chart below you can see mortgage bonds sold off on Monday to move rates higher to start the week.  Bonds have found a floor of support but have not be able to rally above a tough ceiling of resistance which is the blue line on the chart below.  If mortgage bonds can’t break above this line, then rates will not move lower.  We are recommending FLOATING your Mortgage Rate to start the week to see if bonds can rally through resistance but would quickly switch to locking if bonds begin to sell off again.

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Mortgage Rates Weekly Update for February 9, 2015

John Thomas February 8, 2015 Tags: , , , , ,

Mortgage Rates weekly market update for the Week of February 9, 2015 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager 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 on Friday to end the week after January Jobs Report Released.   If you look at the mortgage bond chart below you can see mortgage bonds hit the ceiling of resistance on Monday and closed lower.  Tuesday followed through with a sell off as seen by red candle.  Then Friday mortgage bonds sold off again after January Jobs Report were released.  The bond closed on Friday below the 25 Day Moving average and the next level of support is the 50 day moving average which is about 38 basis points below where the bond closed on Friday so we are recommending LOCKING your Mortgage Rate to start the week.

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Mortgage Rates Weekly Update for February 2, 2015

John Thomas February 1, 2015 Tags: , , , ,

Mortgage Rates weekly market update for the Week of February 2, 2015 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager and the author of the best selling book, Your Guide to Buying Your First Home in Delaware.

Mortgage Rates were able to move lower last week as mortgage bonds were able to rebound off support.  If you look at the mortgage bond chart below you can see bonds were able to rally higher on Wednesday and follow through Friday back to all time record high for the year.

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