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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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Dover Home Buyer Seminar March 7, 2015

John Thomas January 24, 2015 Tags: , , , , ,
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Delaware First Time Home Buyer Seminar on Saturday March 7, 2015 at 10 AM in Dover, Delaware. The seminar will last about 2 hours and each participate will be able to receive a copy of their tri-merge credit report. The seminar will cover all of the basics of buying a new home in Delaware.

The seminar will cover FHA loans, Delaware VA loans, Delaware USDA Rural Housing Loans, First Time Home Buyer Loan Programs and the FHA 203k Rehab loans. You will be able to get pre-approved at the seminar by a Delaware Mortgage Company.

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Mortgage Rates Weekly Update for January 26, 2015

John Thomas January 24, 2015 Tags: , , , , ,
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Mortgage Rates weekly market update for the Week of January 26, 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 moved higher last week after the stock market rallied.  If you look at the mortgage bond chart below you can see mortgage bonds had a big sell off on Monday to start the week but were able to find a bottom on Thursday and bounce off support and follow through on Friday as Stocks turned negative on Friday.  We recommend FLOATING your Mortgage Rate to start the week to see if bond can follow through on their bounce off support last week.

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Mortgage Rates Weekly Update for January 19, 2015

John Thomas January 18, 2015 Tags: , , , , , ,

Mortgage Rates weekly market update for the Week of January 19, 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 spiked higher to end the week on Friday after Consumer Sentiment came out better than it had in 11 years.  This sent the stock market rallying higher and pulled money out of the bond market.  If you look at the mortgage bond chart below, you can see mortgage bonds hit record high in almost 2 years on Thursday then sold off sharply on Friday.  We are recommending LOCKING your Mortgage Rate to start the week as the short term trend is now for bonds to continue to sell off if stocks continue to rally.

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Delaware Home Buyer Seminar February 21, 2015

John Thomas January 18, 2015 Tags: , , ,
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Delaware Home-Buyer Seminar

There will be a First Time Home Buyer Seminar on Saturday February 21, 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 January 12, 2014

John Thomas January 11, 2015 Tags: , , , ,
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Mortgage Rates weekly market update for the Week of January 12, 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 moved to record lows last week as mortgage bonds hit record high for the past 2 years.  If you look at the mortgage bond chart below you can see that mortgage bonds hit record high and were stopped at the line of resistance shown in blue.  Bonds were then turned lower after hitting ceiling of resistance so with this in mind, we are recommending LOCKING your Mortgage Interest Rate to start the week as mortgage rates sit at multi-year lows.

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