DE Mortgage Rates Weekly Update 10-17-2016

John Thomas October 15, 2016 Tags: DE Mortgage Rate, DE Mortgage Rates, Delaware Mortgage Rates, Delaware mortgages, mortgage loans, mortgage rates

DE Mortgage Rates Weekly Update October 17, 2016

DE Mortgage Rates weekly update for the Week of October 17, 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 again last week as mortgage bonds continued to sell of as investors took profits. If you look at the mortgage bond chart below you can see mortgage bonds ended the week lower and closed below the 100 day moving average. There is still room to the downside for mortgage bonds before they hit a floor of support at the 200 day moving average so we are going to recommend starting the week LOCKING your DE mortgage rate as mortgage interest rates will probably continue to move higher in the short term. Keep Reading...

Mortgage Rates Weekly Update October 10, 2016

John Thomas October 9, 2016 Tags: Delaware Mortgage Rates, Delaware mortgages, mortgage loans, mortgage rate, mortgage rates

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. Keep Reading...

Mortgage Interest Rates Update October 3, 2016

John Thomas October 2, 2016 Tags: Delaware Home Loans, Delaware Mortgage Rates, Delaware mortgages, John Thomas, Mortgage Interest Rates, mortgage rates, primary residential mortgage

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. Keep Reading...

Delaware Mortgage Rates 9-26-2016

John Thomas September 25, 2016 Tags: Delaware Home Loans, Delaware Mortgage Rates, Delaware mortgages, mortgage loans, mortgage rates

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. Keep Reading...

Mortgage Rates Update Sept 19 2016

John Thomas September 18, 2016 Tags: Delaware Home Loans, Delaware Mortgage Rates, Delaware mortgages, mortgage loans, mortgage rates

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. Keep Reading...

Mortgage Interest Rates Update Aug 22 2016

John Thomas August 20, 2016 Tags: Delaware Mortgage Rates, Delaware mortgages, Mortgage Interest Rates

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. Keep Reading...

Mortgage Interest Rates Updates May 16, 2016

John Thomas May 15, 2016 Tags: Delaware, Delaware Home Loans, Delaware mortgages, mortgage loans, mortgage rates

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. Keep Reading...

Mortgage Rates Weekly Update for January 19, 2015

John Thomas January 18, 2015 Tags: Delaware Home Loans, Delaware Mortgage Rates, Delaware mortgages, John Thomas, mortgage loans, mortgage rates, mortga\ges

Mortgage Rates weekly market update for the Week of January 19, 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.

Mortgage Rates spiked higher to end the week on Friday after Consumer Sentiment came out better than it had in 11 years. This sent the stock market rallying higher and pulled money out of the bond market. If you look at the mortgage bond chart below, you can see mortgage bonds hit a record high in almost 2 years on Thursday then sold off sharply on Friday. We are recommending LOCKING your Mortgage Rate to start the week as the short term trend is now for bonds to continue to sell off if stocks continue to rally. Keep Reading...