Tag mortgage rate

Tag mortgage rate

Mortgage Rate Weekly Update for February 27 2017

John Thomas February 26, 2017 Tags:
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Mortgage Rate Weekly Update for February 27, 2017

Mortgage Rate Weekly Update for February 27, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a Delaware 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 were able to move lower to end the week as mortgage bonds were able to rally higher.  If you look at the mortgage bond chart below you can see mortgage bonds were able to rally higher off support and ended the week at a level of resistance.  We are recommending LOCKING your mortgage rate to start the week to take advantage of the recent move lower along with mortgage bonds facing a stiff overhead resistance which turned bonds lower the last time they tested this level. Keep Reading...

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. Keep Reading...

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...

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. Keep Reading...

Delaware Mortgage Rates Weekly Update August 20, 2012

John Thomas August 20, 2012 Tags: , , , , , , , ,

Delaware mortgage rate weekly update for week of August 20, 2012 by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 increased again last week as money moved out of the bond market into the Stock Market.  Mortgage bonds have been selling off since reaching all time record high on July 24, 2012.  As the mortgage bonds sell off the interest rates increase.  There has been mixed news in the last week some good and some bad.  The good news for the economy started with the release of the Retail Sales Report for July 2012 which came in much better than expected at 0.8%.  Building Permits across the United States also increased to a four year high for July 2012.   Keep Reading...

Delaware Mortgage Rates Weekly Update August 13, 2012

John Thomas August 12, 2012 Tags: , , , , , , , ,

Delaware mortgage rate weekly update for week of August 13, 2012 by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 increased to end the week last week as some better than expected news on the economy helped boost stocks and pulled money out of bonds.  We saw the Labor Department release Initial jobless claims for the week of August 4, 2012 which saw lower than expected jobless claims.  361,000 new claims were filed versus 370,000 expected.  Long term we still see mortgage interest rates staying near historic lows but short term we could see rates rise so we are recommending LOCKING in your Delaware Mortgage rate. Keep Reading...

Delaware Mortgage Rates Weekly Update August 6, 2012

John Thomas August 5, 2012 Tags: , , , , , , , , ,

Delaware mortgage rate weekly update for week of August 6, 2012 by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 ended the week last week higher as the stock market rallied on some “good” economic news that was reported on Friday.  We saw the Labor Department release the July 2012 Jobs Report which showed 163,000 jobs were added well above the 100,000 expected.  This news was enough to cause a big rally in the stock market and pulled money out of the bond market which cause Delaware home loan rates to increase on Friday.  Even with this good news we still saw the unemployment number rise from 8.2% to 8.3%.  This is the 42nd straight month the unemployment rate has been above 8%.  The Labor Participation Rate also decreased and showed no pick up in hours worked. Keep Reading...

Delaware Mortgage Rates Weekly Update for July 30 2012

John Thomas July 29, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly update for week of July 30, 2012 by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 set another all time record low last week but then end the week higher on some “good” economic news released on Thursday and Friday.  The big market mover last week was release of news that European Central Bank (ECB) Chief Mario Draghi stated ECB will do whatever it takes to defend the Euro which means bailing out Greece and Spain.  This news caused the stock market to rally and pulled money out of mortgage bonds.  This also came with the release of some other positive news which was initial jobless claims fell 35,000 in the latest week to 353,000.  This was much lower than what was expected.  Consumer Sentiment increased for July 2012 from July 2011 but dropped from June 2012. Durable Orders rose by 1.6% which was also much higher than expected.  All of this combined caused Delaware home loan rates to rise on Thursday and Friday as the bond market sold off. Keep Reading...