Tag Delaware Mortages

Tag Delaware Mortages

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. Keep Reading...

Delaware Mortgage Rates Weekly Market Update for September 29, 2014

John Thomas September 28, 2014 Tags: , , , , ,
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Delaware Mortgage Rates weekly mortgage market update for the Week of September 22, 2014 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Newark, Delaware Branch Manager and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates were able move lower last week as mortgage bonds rallied higher all week.  If you look at the mortgage bond chart below you can see the short term trend for mortgage bonds is to move higher which has move mortgage interest rates lower.  Mortgage bonds did sell off on Friday but were able to rally back to end the day.  We are recommending cautiously FLOATING your Delaware Mortgage Rate to start the week.  We recommend watching the market carefully as the bond market could try to sell off again on a follow through from Friday and move mortgage interest rates higher again in the short term.  If the bond does sell off, we would quickly switch to a LOCKING stance. Keep Reading...