Tag mortgage rates

Tag mortgage rates

Mortgage Rates Weekly Update for February 6, 2017

John Thomas February 6, 2017 Tags: ,
featured image

Mortgage Rates Weekly Update for February 6, 2017

Mortgage Rates Weekly Update for February 6, 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 Rates were able to end the week slightly lower than where they started the week.  If you look at the mortgage bond chart below you can see mortgage bonds have been trading in a tight band between the blue lines for the past several weeks.  Mortgage bonds were able to bounce off support from the bottom blue line and move higher as you can see with the green candles at the end of the week.  We are going to recommend FLOATING Your Mortgage Rate to start the week to see if bonds can rally higher after bouncing off support.

Keep Reading...

Mortgage Rate Weekly Update for January 30, 2017

John Thomas January 29, 2017 Tags: ,
featured image

Mortgage Rate Weekly Update for January 30, 2017

Mortgage Rate Weekly Update for January 30, 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 Rates ended the week slightly higher as stock markets hit record levels.  If you look at the mortgage bond chart below you can see the trend is for mortgage bonds to sell off but bonds were ale to find a floor of support on Thursday and ended the week with a green candle so we are recommending FLOATING your mortgage rate to start the week to see if mortgage bonds can recover.

Keep Reading...

Mortgage Rates Weekly Update January 23, 2017

John Thomas January 23, 2017 Tags: ,

Mortgage Rates Weekly Update for January 23, 2017

Mortgage Rates Weekly Update for January 23, 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 Rates Moved Higher Last week as mortgage bonds sold off after reports of higher inflation.  If you look at the mortgage bond chart below you can see mortgage bonds were turned lower last Monday with the red candle following the previous Friday’s attempt to move higher.  Mortgage bonds then sold off the rest of the week until finding a bottom on Thursday and moving higher on Friday with a Green Candle. We are recommending FLOATING Your mortgage rate to start the week to see if bonds can recover from the sell off and move back higher which would move mortgage rates lower.

Keep Reading...

Mortgage Interest Rates Weekly Update 1-16-2017

John Thomas January 16, 2017 Tags: ,
featured image

Mortgage Interest Rates Weekly Update for 1-16-2017

Mortgage Interest Rates Weekly Update for January 16, 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 Interest Rates ended the week slightly higher as mortgage bonds sold off on Thursday and Friday to end the week.  If you look at the mortgage bond chart below you can see Mortgage bonds have reversed their upward trend and are now trending lower after being turned lower at a tough ceiling of resistance.  We are recommending LOCKING your mortgage interest rate to start the week to lock in the gains we have seen the last couple of weeks with a tough over head ceiling of resistance putting a cap on mortgage bonds.

Keep Reading...

Mortgage Rates Weekly Update for January 9 2017

John Thomas January 8, 2017 Tags: ,
featured image

Mortgage Rates Weekly Update for January 9, 2017

Mortgage Rates Weekly Update for January 9, 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 Rates moved lower last week as mortgage bonds were able to continue to rally for the second straight week.  If you look at the mortgage bond chart below you can see mortgage bonds have been moving up since about December 20, 2016 after hitting the lowest point for bonds in 2 years and the highest point for mortgage interest rates.  Bonds found floor of support and were able to rally higher and broke through ceiling of resistance.  Mortgage bonds have stopped at ceiling of resistance and were turned lower.  We are looking for bonds to make another run at breaking through the ceiling of resistance so we are recommending FLOATING your mortgage rate to start the week.

Keep Reading...

Mortgage Rates Update for December 19 2016

John Thomas December 18, 2016 Tags: , , ,
featured image

Mortgage Rates Update for December 19, 2016

Mortgage Rates Update for December 19, 2016 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 Rates set another record high for 2016 last week as mortgage bonds continued to sell off.  If you look at the mortgage bond chart below you can see mortgage bonds broke below support on Wednesday after Federal Reserve announced it was raising Fed Funds Rate.  The big red candle stretched all the way down to the next level of support.  We are recommending FLOATING your mortgage rate to start the week to see if mortgage bonds can rebound off support and move higher to move interest rates lower.  Now is the time to get out and buy a home as the longer your wait, the higher the rates will be and the higher the price of the home.

Keep Reading...

Mortgage Rates Weekly Update 12-12-2016

John Thomas December 11, 2016 Tags: , , ,
featured image

Mortgage Rates Weekly Update for December 12, 2016

Mortgage Rates Weekly Update for December 12, 2016 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 Rates ended the week slightly higher after trying to rallying off support but falling to sustain after stock market has two days of record highs.  If you look at the mortgage bond chart below you can see mortgage bonds have been trading in a “down escalator” pattern trading between the two green lines.  Mortgage bonds tried to break out of the pattern higher which would have moved interest rates lower but were pulled back on Friday.  Mortgage bonds ended on Friday just above support so we are recommending FLOATING your mortgage rate to start the week to see if mortgage bonds can bounce higher off support and move mortgage interest rates lower.

Keep Reading...

Mortgage Rates Weekly Update 12-5-2016

John Thomas December 4, 2016 Tags: , , , ,
featured image

Mortgage Rates Update for December 5, 2016

Mortgage Rates update for the Week of December 5, 2016 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 Rates ended the week slightly higher than they started as mortgage bonds continued to their downward move.  If you look at the mortgage bond chart below you can see the trend line has been for mortgage bonds to sell off and move mortgage interest rates higher.  Mortgage Bonds did find a floor of support and bounced higher off 2016 lows so we are recommending FLOATING Your mortgage rate to see if mortgage bonds can move higher and move mortgage rates lower.

Keep Reading...