Tag Delaware Refinance

Tag Delaware Refinance

Delaware Mortgage Rates Weekly Update for September 9, 2013

John Thomas September 8, 2013 Tags: , , , , , ,

Delaware Mortgage Rates weekly market update for the week of September 9, 2013 by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John Thomas is the Newark, Delaware Mortgage Branch Manager and the author of the 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 hit a 2 year high last week as mortgage bonds sold off in response to good economic reports and anticipation of better than expected jobs report.  If you look at the mortgage bond chart below for the last 6 month view,  you can see mortgage bonds have been trending lower since May 2013 and have been setting new record lows.  This has been the long term trend for mortgage rates since May and the trend will continue as you can see there is nothing in the chart to indicate that mortgage bonds can mount a rally that would alter the trend.  The second mortgage bond chart below is last 30 day view of bonds which shows in more detail how the bond has sold off starting on Monday and hit a another 2 year low on Thursday.  This moved Delaware home loan rates to a 2 year high.  Friday we did see a recover and a bounce higher after August Jobs Report came out worse than expected.  We are recommending LOCKING your Delaware mortgage rate if closing in the next 2 weeks as the market will be extremely volatile but if closing in 30 days or more then you can FLOAT to see if mortgage bonds can bounce higher from this level. Keep Reading...

Delaware Mortgage Rates Weekly Update for August 26, 2013

John Thomas August 25, 2013 Tags: , , , , , ,

Delaware Mortgage Rates weekly market update for the week of August 26, 2013 by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John Thomas is the Newark, Delaware Mortgage Branch Manager and the author of the 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 ended the week about where they ended the previous week after a roller coaster ride.  If you look at the Mortgage Bond Chart below you can see mortgage bonds sold off on Monday to start the week which caused home loan rates to jump higher.  The bond recovered on Tuesday but then sold off again on Wednesday after the Federal Reserve Minutes were released.  Opened again lower on Thursday but was able to recover some after Weekly Initial Jobless Claims were released on Thursday which showed a 13,000 increase in Jobless Claims to 336,000 claims.  The mortgage bond followed through on Friday with a Big Rally to end the week back where we ended the previous week.  We are recommending FLOATING your Delaware Mortgage Rate to start the week to see if mortgage bond can build on the momentum from Friday’s rally. Keep Reading...

Delaware Mortgage Rates Weekly Market Update for August 19, 2013

John Thomas August 18, 2013 Tags: , , , , , ,
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Delaware Mortgage Rates weekly market update for the week of August 19, 2013 by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the 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 jumped higher to end the week last week after a slew of positive economic reports.  If you look at the mortgage bond chart below you can see mortgage bonds dropped lower everyday and sold off on Friday to end the week so mortgage rates moved higher all week.  Monday started the sell off in bonds when the bond couldn’t close above the falling blue trend line.  The same pattern repeated itself again last week which was bonds hitting the falling blue trend line and then being turned lower in a big sell off.  Bonds appear to have hit a bottom so we are going to recommend FLOATING your Delaware mortgage rate to see if the bond market can bounce higher but be on guard, if selling continues bond could move significantly lower and mortgage rates could continue to move higher. Keep Reading...

Delaware Mortgage Rates Weekly Update for August 5, 2013

John Thomas August 4, 2013 Tags: , , , , ,
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Delaware mortgage rates weekly market update for the week of August 5, 2013 by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the 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 ended the week right about where they started after a wild ride from Monday to Friday.  If you look at the mortgage bond chart below you can see mortgage bonds ended the week at 100.81 which was almost where it started the week which was 100.88 which means mortgage interest rates are about the same at the end of the week.  But if you look at the in between days you can see mortgage rates surged higher into Wednesday ahead of the Fed Minutes then rebounded lower at the end of the day on Wednedsay then surged higher on Thurdsday and they rebounded lower on Friday after the July 2013 Jobs Report was released.  We are recommending FLOATING your Delaware mortgage rate to start the week to see if bonds can build on the momentum and have a Summer Rally. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Update for July 29, 2013

John Thomas July 28, 2013 Tags: , , , , ,
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Delaware mortgage rates weekly market update for the week of July 29, 2013 by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the 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 ended the week about where they started as the mortgage bond was stopped from moving higher by the long term downward trend line.  If you look at the mortgage bond chart below, you can see mortgage bonds still have not been able to break above the falling blue trend line that is moving mortgage bonds lower and Delaware mortgage interest rates higher.  The mortgage bond was able to close above the 25 day moving average for 2 days in a row which is great news and hasn’t happened since April 2013.  We are recommending FLOATING your Delaware mortgage rate to start the week to see if mortgage bonds can build on the momentum of closing above the 25 day moving average. Keep Reading...

Delaware Mortgage Rates Weekly Update for July 8, 2013

John Thomas July 7, 2013 Tags: , , , , , ,
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Delaware mortgage rates weekly market update for the week of July 8, 2013 by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates Jumped Higher on Friday after Jobs Report for June 2013 was released.  If you look at the mortgage bond chart below you can see the big Red Candle on Friday showing the bond closing down 200 basis points which is the biggest one day drop in a LONG TIME!!  Mortgage bonds also dropped on Thursday by 44 basis points so in a week we saw mortgage rates jump by 0.5%!  Rates are pushing 5% now with most loan products.  With the damage done and mortgage bonds looking very over bought we are recommending FLOATING your Delaware mortgage rate to start the week. Keep Reading...

Delaware Mortgage Rates Weekly Update for June 24, 2013

John Thomas June 23, 2013 Tags: , , , , ,
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Delaware mortgage rates weekly market update for the week of June 24, 2013 by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware mortgage rates once again jumped higher last week which marks the eighth straight week mortgage rates have moved higher since May 1st.  If you look at the mortgage bond chart below you can see that mortgage bonds sold off on Wednesday after Ben Bernanke made comments after the Federal Open Market Committee released their meeting minutes.  Bernanke’s comments caused stock, bonds, and oil to sell off as he stated the economy was doing better so Federal Asset purchase program would beginning tapering purchasing this year and end it by mid 2014.  This was in contrast to what the Federal Reserve has been saying so markets went crazy.  Bonds sold off again on Thursday and then again on Friday which moved mortgage rates back to where they were in October 2011.  We are recommending cautiously FLOATING your Delaware mortgage rate to start the week as mortgage bonds may seem cheap here and we may get buyers coming back into the market. Keep Reading...

Delaware Mortgage Rates Weekly Market Update for June 17, 2013

John Thomas June 16, 2013 Tags: , , , , , ,
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Delaware mortgage rates weekly market update for the week of June 17, 2013 by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware mortgage rates were finally able to stablize last week and stop their trek higher.  We saw mortgage rates were able to improve slightly as the mortgage bond found a bottom of support and was able to bounce higher as can been seen from the bond chart below.  We are recommending cautiously FLOATING your Delaware mortgage rate to start the week to see if bonds can continue to trade higher.  If bonds reverse course and sell off again we will quickly switch to a locking stance. Keep Reading...