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Mortgage Interest Rates Update Aug 22 2016

John Thomas August 20, 2016 Tags: ,
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Mortgage Interest Rates Update August 22 2016

Mortgage  Interest Rates weekly update for the Week of August 22, 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 Interest Rate – Lock or Float?

Mortgage Interest Rates ended the week about where they started after rallying mid week to sell off on Friday.  If you look at the mortgage bond chart below, you can see mortgage bonds have been trading in a tight sideways patter since the beginning of August trading between the blue lines on the chart. The bond closed Friday below the 50 day moving average which and the technical pattern are signalling a sell signal.  If bonds continue to sell off this week then we will see mortgage interest rates continue to move higher, so we are recommending LOCKING Your Mortgage Interest Rate to start the week.

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First Time Home Buyer Seminar August 20th

John Thomas August 20, 2016 Tags: ,
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First Time Home buyer Seminars in Delaware

Totally free for attendees, our first time home buyer seminars have educated more than 10,000 Delaware and Maryland homebuyers.

Next Home Buyer Seminar Dates:

August 13, 2016 – 10:00am in Dover, Delaware August 20, 2016 – 10:00am in Newark, Delaware

First time home buyer seminar will last about 2 hours and each participant will be able to receive a free copy of their tri-merge mortgage credit report. The seminar will cover all of the basics of buying your first home in Delaware.  Register now by calling 302-703-0727 or register online by visiting www.DelawareHomeBuyerSeminar.com

Each participant will receive a credit scoring handbook, a home buying handbook, budget calculator worksheet and an opportunity to meet with a certified mortgage planner to be pre-approved to buy a home in Delaware and also the opportunity to get a copy of their mortgage credit report from all three credit bureaus.

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Mortgage Rate Weekly Update Aug 15 2016

John Thomas August 14, 2016 Tags: , ,
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Mortgage Rate Weekly Update August 15 2016

Mortgage Rate weekly update for the Week of August 15, 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 able to move lower last week as mortgage bonds once again were able to break above the 25 day moving average.  If you look at the mortgage bond chart below, you can see mortgage bonds sold off the previous Friday after the Jobs Report was released for July 2016 but bonds were able to find a floor of support on Monday and move higher throughout the week.  Bonds were able to rally higher above the 25 day moving average so we are recommending FLOATING your mortgage rate to start the week to see if mortgage bonds can continue to rally and move mortgage interest rates even lower.

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First Time Home Buyer Seminar August 13th

John Thomas August 13, 2016 Tags: , ,
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Upcoming Delaware First Time Home buyer Seminars

Totally free for attendees, our seminars have educated more than 10,000 Delaware and Maryland homebuyers.

Next Seminar Dates:

August 13, 2016 – 10:00am in Dover, Delaware August 20, 2016 – 10:00am in Newark, Delaware

First time home buyer seminar will last about 2 hours and each participant will be able to receive a free copy of their tri-merge credit report. The seminar will cover all of the basics of buying a new home in Delaware.  Register by calling 302-703-0727 or register online by visiting www.DelawareHomeBuyerSeminar.com

Each participant will receive a credit scoring handbook, a home buying handbook, budget calculator worksheet and an opportunity to meet with a certified mortgage planner to be pre-approved to buy a home and also the opportunity to get a copy of their mortgage credit report from all three credit bureaus.

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Mortgage Rates Update August 8 2016

John Thomas August 9, 2016 Tags: ,
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Mortgage Rates Update August 8 2016

Mortgage Rates weekly update for the Week of August 8, 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 on Friday after the Jobs Report for July 2016 was released by Labor Department.  If you look at the chart below you can see mortgage bonds ended the day lower on Friday with the red candle and closed below the 25 day moving average.  The short term trend is for bonds to move higher so we are recommending carefully FLOATING your mortgage rate to start the week.  If mortgage bonds can close above the 25 day moving average they could run higher and move mortgage rates back to all time record lows.

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Mortgage Interest Rate Weekly Update May 23, 2016

John Thomas May 23, 2016 Tags: , , , ,
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Mortgage Interest Rate Weekly Update May 23 2016

Mortgage Interest Rate weekly update for the Week of May 23, 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 Interest Rates moved higher last week as mortgage bonds sold off as Federal Reserve announced that are looking to hike the Feds Funds Rate in June 2016.  If you look at the mortgage bond chart below you can see the sell off in bonds last week.  Bonds were able to find support at the 100 day moving average and may be ready to make a move higher which would move interest rates lower.  Therefore we are recommending FLOATING Your mortgage rate to start the week.

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Delaware Home Buyer Seminar June 18 2016

John Thomas May 22, 2016 Tags: , , ,
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Delaware Home Buyer Seminar

There will be a Delaware Home Buyer Seminar on Saturday June 18, 2016 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 Delaware home buyer counseling credit toward the required HUD approved home buyer counseling required for Delaware First Time Home Buyer Programs such as Delaware State Housing Authority, New Castle County, City of Newark, City of Dover, and City of Wilmington.

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Mortgage Interest Rates Updates May 16, 2016

John Thomas May 15, 2016 Tags: , , , ,
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Mortgage Interest Rates Weekly Update May 16 2016

Mortgage Interest Rates weekly update for the Week of May 16, 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 Interest Rates remain at 3 year record lows! Now is  the best time to refinance or purchase a home in a very long time. If you look at the mortgage bond chart below you can see bond prices have been capped by the blue line since February.  Every time the bond has hit the blue line it has been turned lower which means rates would move higher so we are recommending LOCKING your mortgage interest rate at these record lows unless the bond can close above that blue line.

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