Tag mortgage rates

Tag mortgage rates

Mortgage Rates Weekly Update for January 26, 2015

John Thomas January 24, 2015 Tags: , , , , ,
featured image

Mortgage Rates weekly market update for the Week of January 26, 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 moved higher last week after the stock market rallied.  If you look at the mortgage bond chart below you can see mortgage bonds had a big sell off on Monday to start the week but were able to find a bottom on Thursday and bounce off support and follow through on Friday as Stocks turned negative on Friday.  We recommend FLOATING your Mortgage Rate to start the week to see if bond can follow through on their bounce off support last week.

Keep Reading...

Mortgage Rates Weekly Update for January 19, 2015

John Thomas January 18, 2015 Tags: , , , , , ,

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 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...

Mortgage Rates Weekly Update for January 12, 2014

John Thomas January 11, 2015 Tags: , , , ,
featured image

Mortgage Rates weekly market update for the Week of January 12, 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 moved to record lows last week as mortgage bonds hit record high for the past 2 years.  If you look at the mortgage bond chart below you can see that mortgage bonds hit record high and were stopped at the line of resistance shown in blue.  Bonds were then turned lower after hitting ceiling of resistance so with this in mind, we are recommending LOCKING your Mortgage Interest Rate to start the week as mortgage rates sit at multi-year lows.

Keep Reading...

Mortgage Rates Weekly Update for January 5, 2015

John Thomas January 4, 2015 Tags: , , , ,

Mortgage Rates weekly market update for the Week of January 5, 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.

Call 302-703-0727 to get a mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Mortgage Rates were able to rebound last week and move lower after mortgage bonds bounced off support.  If you look at the mortgage bond chart below you can see mortgage bonds rallied off support after Christmas and have continued to move higher.  Friday the bond jumped up to record high for the past 12 months.  We are recommending FLOATING your Mortgage Rate to start the week as the technical trading pattern is a very bullish signal for bonds to continue to move higher and move mortgage interest rates lower.

Keep Reading...

Mortgage Rates Weekly Update for Dec 29, 2014

John Thomas December 28, 2014 Tags: , , , ,
featured image

Mortgage Rates weekly market update for the Week of December 29, 2014 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 moved higher last week on Wednesday after the release of the GDP which caused the stock market to rally.  If you look at the mortgage bond chart below you can see the big red candle down on Tuesday which corresponds to the release of the GDP Report.  Bonds were able to bounce off support on Wednesday and followed through again on Friday as you can see with the two green candles.  This is a good sign that bonds could continue to move higher so we are recommending FLOATING your mortgage interest rate to start the week.

Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update for January 27, 2014

John Thomas January 27, 2014 Tags: , , , , , ,
featured image

Delaware Mortgage Rates weekly mortgage rate update for the Week of January 27, 2014 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Newark, Delaware Branch Manager and the author of the best selling 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 were able to move lower last week as mortgage bonds were able to continue to rally.  If you look at the mortgage bond chart below you can see the short term trend is for mortgage bonds to move higher and move Delaware mortgage rates lower.  Mortgage bonds have rallied since the December Jobs Report came out worse than expected and recently we have seen a flight to quality from international investors who are moving money into U.S. Bonds and Treasuries as a potential currency devaluations occur in emerging markets.  We are recommending FLOATING your Delaware Mortgage Rate to start the week to see if bonds can build on the momentum we had last week.  Mortgage bonds have broken through a ceiling of resistance which is a good short term sign for home loan rates.

Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Update for January 20, 2014

John Thomas January 20, 2014 Tags: , , , , , , ,
featured image

Delaware Mortgage Rates weekly mortgage rate update for the Week of January 20, 2014 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Newark, Delaware Branch Manager and the author of the best selling 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 were able to end the week almost where they started after a volatile trading week.  If you look at the mortgage bond chart below, you can see mortgage bond prices ended Friday about where they ended the previous Friday after the worse than expect December Jobs Report.  The Market is closed on Monday so we are going to recommend cautiously FLOATING your Delaware mortgage rate to start the week to see if bonds can improve but if bonds start to sell off we will quickly recommend LOCKING as the long term trend is still for bonds to sell off and interest rates to climb higher.

Keep Reading...

Delaware Mortgage Rates Weekly Update for January 28, 2013

John Thomas January 28, 2013 Tags: , , , , , , , ,
featured image

Delaware Mortgage Rates Weekly Update for January 28, 2013

Delaware mortgage rate weekly update for the week of January 28, 2013 by John Thomas with Primary Residential Mortgage in Newark, Delaware.  John is the Newark, DE 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 tried to move lower last week but rebounded higher when initial jobless claims were reported on Thursday January 24, 2013 at 330,000 which was 5,000 less than the week before. This continues the trend of lower claims and is the lowest in 5 years. The unemployment rate surprisingly stayed the same at 7.8%.  This sent mortgage bonds lower and resumed the downward trend for bonds.   Mortgage interest rates moved higher in response and ended the week higher than they have been in 4 months.  The bond broke through the support that held last week but we may see rates bounce off the 200 day moving average so I am recommending FLOATING your Delaware mortgage rate to see if bonds can recover some but be mindful that if support is broken at 200 day moving average, rates will jump higher and fast.

Keep Reading...