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Mortgage Rates Weekly Update for May 25, 2015

John Thomas May 25, 2015 Tags: , , , , ,

Mortgage Rates weekly market update for the Week of May 25, 2015 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 rose last week after the previous week’s move lower.  If you look at the mortgage bond chart below you can see mortgage bonds sold off Monday and Tuesday to start the week which moved mortgage interest rates higher.  Bonds broke below the 200 day moving average and below the 2 year long term trend line on Tuesday.  This could have been very bad for mortgage rates but bonds were able to rally higher on Wednesday and close above the 200 day moving average.  Mortgage bonds ended the week above the 200 days moving average so we are recommending FLOATING Your mortgage rate to start the week to see if bonds can move higher off the 200 day moving average and move interest rates lower.

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Mortgage Rates Weekly Update for May 18, 2015

John Thomas May 17, 2015 Tags: , , , , ,

Mortgage Rates weekly market update for the Week of May 18, 2015 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 able to finally move lower after two weeks of moving higher.  If you look at the mortgage bond chart below you can see mortgage bonds were finally able to find a level of support on Thursday and bounce higher.  A good technical sign is the bond being able to move above the 200 day moving average on Friday and close above it.  This is a bullish signal for bonds so we are recommending FLOATING your mortgage rate to start the week.

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Mortgage Rates Weekly Update for May 4, 2015

John Thomas May 3, 2015 Tags: , , , ,

Mortgage Rates weekly market update for the Week of May 4, 2015 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 jumped higher to end the week last week as mortgage bonds sold off.  If you look at the mortgage bond chart below you you can see the short term trend is now for mortgage bonds to sell off and move mortgage rates higher as shown with the blue line downward.  Mortgage bonds sold off on Friday as the US Stock Market Rallied so with the short term trend for bonds to move lower, we are recommending LOCKING your Mortgage Rate to start the week.

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Delaware First Time Home Buyer Seminar May 30 2015

John Thomas May 2, 2015 Tags: , , ,
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Delaware Home-Buyer Seminar

There will be a First Time Home Buyer Seminar on Saturday May 30, 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 April 27, 2015

John Thomas April 27, 2015 Tags: , , , ,

Mortgage Rates weekly market update for the Week of April 27, 2015 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 have been moving up and down by about 0.25% in either direction over the last couple weeks as mortgage bonds have traded in a tight range.  If you look at the mortgage bond chart below you can see mortgage bonds have traded in tight range bound between the two blue lines.  The longer bonds trade in this channel the more momentum for a breakout.  We are recommending FLOATING your Mortgage Rate to start the week as mortgage bonds were able to bounce off support on Friday.

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Mortgage Rates Weekly Update for April 13, 2015

John Thomas April 12, 2015

Mortgage Rates weekly market update for the Week of April 13, 2015 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 bounced around last week near record lows as mortgage bonds traded in a tight trading channel.  If you look at the mortgage bond chart below you can see the two below lines on the chart created a ceiling of resistance at the top and a floor of support on the bottom.  Mortgage bonds are looking to break out of this channel and with the green candle on Friday, we are recommending FLOATING your Mortgage Rate to see if bonds can get enough momentum to break through the ceiling of resistance.

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Mortgage Rates Weekly Update for March 30, 2015

John Thomas March 30, 2015 Tags: , , , , , ,

Mortgage Rates weekly market update for the Week of March 30, 2015 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 after a sell off in the stock and bond markets on Wednesday and again on Thursday.  If you look at the mortgage bond chart below you can see the trend had been for mortgage bonds to move higher and interest rates to move lower but the trend was reversed on Wednesday as bonds sold off into Friday causing mortgage interest rates to move higher.

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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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