Tag mortgage rates

Tag mortgage rates

Mortgage Rates Weekly Update October 24 2016

John Thomas October 27, 2016 Tags: , , ,
featured image

Mortgage Rates Weekly Update October 17, 2016

Mortgage Rates weekly update for the Week of October 24, 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 finally able to move slightly lower last week as mortgage bonds were able to rebound off support.  If you look at the mortgage bond chart below, you can see mortgage bonds had been trading lower for last couple of weeks but were finally able to find a floor of support last week and move higher but have hit a tough ceiling of resistance that will be very difficult to break above so we are recommending LOCKING Your Mortgage Rate to start the week to lock in the slightly better rates we saw at the end of last week.

Keep Reading...

DE Mortgage Rates Weekly Update 10-17-2016

John Thomas October 15, 2016 Tags: , , , , ,
featured image

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: , , , ,
featured image

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: , , , , , ,
featured image

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: , , , ,
featured image

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: , , , ,
featured image

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...

Delaware Mortgage Rate Sept 5 2016

John Thomas September 5, 2016 Tags: , , , ,
featured image

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 Update August 29 2016

John Thomas August 28, 2016 Tags: , , ,
featured image

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.

Keep Reading...