Tag mortga\ges

Tag mortga\ges

Mortgage Rates Weekly Update for March 9, 2015

John Thomas March 8, 2015 Tags: , , , , , ,
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Mortgage Rates weekly market update for the Week of March 9, 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 for a Rate Quote or Apply Online for Rate Quote

Mortgage Rates spiked higher on Friday after the Jobs Report was released which moved interest rates up 0.375% to 0.5%!  If you look at the mortgage bond chart below you can see mortgage bonds have been trading on a downward pattern but had tried to stabilize over the last week and find a floor of support.  But on Friday you can see a giant red candle that signals mortgage bonds had a big sell-off and dropped almost 100 basis points causing lenders to re-price mortgage rates for the worse twice in one day as mortgage bonds continued to fall throughout the day.  Bonds broke through two floors of support on Friday which will now act as resistance levels.  With the next floor of support at the 200-day moving average being still lower and the breakout trend being lower as well, we are recommending LOCKING your mortgage interest rate to start the week. Keep Reading...

Mortgage Rates Weekly Update for February 9, 2015

John Thomas February 8, 2015 Tags: , , , , ,

Mortgage Rates weekly market update for the Week of February 9, 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 for a Rate Quote or Apply Online for Rate Quote

Mortgage Rates Spiked Higher on Friday to end the week after January Jobs Report Released.   If you look at the mortgage bond chart below you can see mortgage bonds hit the ceiling of resistance on Monday and closed lower.  Tuesday followed through with a sell-off as seen by a red candle.  Then Friday mortgage bonds sold off again after January Jobs Report was released.  The bond closed on Friday below the 25 Day Moving average and the next level of support is the 50-day moving average which is about 38 basis points below where the bond closed on Friday so we are recommending LOCKING your Mortgage Rate to start the week. Keep Reading...

Mortgage Rates Weekly Update for February 2, 2015

John Thomas February 1, 2015 Tags: , , , ,

Mortgage Rates weekly market update for the Week of February 2, 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 were able to move lower last week as mortgage bonds were able to rebound off support.  If you look at the mortgage bond chart below you can see bonds were able to rally higher on Wednesday and follow through Friday back to an all-time record high for the year. Keep Reading...

Mortgage Rates Weekly Update for January 26, 2015

John Thomas January 24, 2015 Tags: , , , , ,
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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 the 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 a 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: , , , ,
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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 a 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 the 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...

Delaware Mortgage Rates Weekly Update for August 25, 2014

John Thomas August 24, 2014 Tags: , , , , , ,
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Delaware Mortgage Rates weekly mortgage market update for the Week of August 25, 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 moved higher to start the week but then rallied back to end the week near 12-month lows. Last week we had a rash of better than expected economic reports that started a sell-off in mortgage bonds as you can see from the mortgage bond chart below but bonds were able to show some resilience and rebound higher to end the week about where they started. We are recommending FLOATING your Delaware Mortgage Rate to start the week as bonds are showing a short term trend of moving higher which may move interest rates lower. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Update for January 20, 2014

John Thomas January 20, 2014 Tags: , , , , , , ,
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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...