Tag Delaware Home Loans

Tag Delaware Home Loans

Mortgage Interest Rates Update October 3, 2016

John Thomas October 2, 2016 Tags: , , , , , ,
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Mortgage Interest Rates Update October 3, 2016

Mortgage  Interest Rates update for the Week of October 3, 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 again moved to the lowest rates of the year but have stalled again at these record low interest rates.  If you look at the mortgage bond chart below, you can see that mortgage bonds moved to the highs of the year and have been stalled at tough ceiling of resistance which means going to be tough for rates to move lower and very big risk of rates moving higher.  Therefore we are recommending LOCKING your Mortgage Interest Rate to start the week.

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Delaware Mortgage Rates 9-26-2016

John Thomas September 25, 2016 Tags: , , , ,
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Delaware Mortgage Rates Weekly Update September 26, 2016

Delaware Mortgage  Rates weekly update for the Week of September 26, 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

Delaware Mortgage Rates moved lower last week as mortgage bonds were able to rally higher on Wednesday after Federal Reserve left Fed Funds Rate the same.  If you look at the mortgage bond chart below you can see mortgage bonds were trading at tough ceiling of resistance but were able to break higher on Wednesday through Friday.  The short term trend is for mortgage bonds to move higher which would move mortgage interest rates lower.  We recommend FLOATING your Delaware Mortgage Rates to start the week.

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Mortgage Rates Update Sept 19 2016

John Thomas September 18, 2016 Tags: , , , ,
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Mortgage Rates Weekly Update September 19, 2016

Mortgage  Rates weekly update for the Week of September 19, 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 rebound last week and move lower to end the week after moving higher the previous week.  If you look at the mortgage bond chart below for Fannie Mae 3.5% bond you will see that mortgage bonds had been selling off but were able to hit a floor of support Tuesday and then Rally off that support on Wednesday which moved mortgage interest rates lower.  We are recommending FLOATING your Mortgage Rates to start the week.

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Delaware Mortgage Rate Sept 5 2016

John Thomas September 5, 2016 Tags: , , , ,
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Delaware Mortgage Rate Update September 5, 2016

Delaware Mortgage  Rate weekly update for the Week of September 5, 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

Delaware Mortgage Rates ended the week slightly Higher than they started as mortgage bonds ended the week down after a disappointing August 2016 Jobs Report.  If you look at the mortgage bond chart below you can see the red candle on Friday that shows long upward thin line.  The thin red line upward showed mortgage bonds had rallied initially after jobs report but quickly switched and sold off as the stock market rallied.  Mortgage bonds have been caught between the converging 50 day moving average and the 25 day moving average and are looking to make a break out either up or down.  We recommend FLOATING Your Delaware Mortgage Rate to start the week to see if mortgage bonds can break higher.

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Mortgage Rate Update August 29 2016

John Thomas August 28, 2016 Tags: , , ,
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Mortgage Rate Update August 29 2016

Mortgage  Rate weekly update for the Week of August 28, 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 Rate ended the week lower as the mortgage bonds sold off on Friday after Fed Reserve statement about future of raising short term interest rates.  If you look at the mortgage bond chart below you can see the long red candle on Friday which shows the bond selling off and closing below the 50 day moving average and at the bottom of the sideways channel it has been trading in for the last couple of weeks.  We recommend LOCKING your mortgage rate to start the week as the bond has broken beneath support and will need to rally above the blue line in the chart to have upward momentum to move interest rates lower.

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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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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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Mortgage Rates Weekly Update for August 24, 2015

John Thomas August 23, 2015 Tags: , , , , ,
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Mortgage Rates weekly market update for the Week of August 24, 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 move lower in recent days as the Stock Market plunged after weak global economic news.  If you take a look at the mortgage bond chart below you can see mortgage bonds were able to rally off support last week and move higher.  BUT with the stock market plunging over 500 points on Friday and mortgage bonds only ending the day up 9 points we are recommending LOCKING Your Mortgage Rate to start the week.  Mortgage bonds failed to move above the 200 day moving average even with the stock market sell off which is a bad sign for mortgage bonds.

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