Tag Delaware Mortgage Rates

Tag Delaware Mortgage Rates

Mortgage Rates Weekly Update October 10, 2016

John Thomas October 9, 2016 Tags: , , , ,
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Mortgage Rates Weekly Update October 10, 2016

Mortgage Rates weekly update for the Week of October 10, 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 last week as mortgage bonds sold off after being turned lower by resistance.  If you look at the mortgage bond chart below you can mortgage bonds sold off last week moving mortgage rates higher until finding a bottom on Friday.  Bonds were able to rally off support on Friday with Green Candle so we are recommending FLOATING Your mortgage rate to start the week.

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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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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 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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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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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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