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Delaware Mortgage Rates Weekly Update March 26 2012

John Thomas March 26, 2012 Tags: , , , , , ,

Delaware mortgage rates weekly update for the week of March 26, 2012 by John R. Thomas with Primary Residential Mortgage.  Advice on mortgage loans and floating or locking your Delaware mortgage interest rate.  Call 302-703-0727 for a free mortgage consultation or APPLY ONLINE

Delaware Mortgage Rate Weekly Update with John R. Thomas – NMLS 38783

Delaware mortgage rates have continued the slow rise that started 2 weeks ago as the mortgage bond keeps trending lower causing home loan rates to slowly increase.  The housing related news released last week showed housing market is still weak.  Housing Market hit a pot hole in February, the Existing home sales fell 0.9% and New home sales fell 1.6% in February which was below expectations. Keep Reading...

Delaware Mortgage Rates Weekly Update March 19 2012

John Thomas March 20, 2012 Tags: , , , ,

Delaware mortgage rates weekly update for the week of March 19, 2012 from John R. Thomas with Primary Residential Mortgage in Newark, Delaware.  John Thomas is the branch manger and the author of the book, Your Guide to Buying Your First Home in Delaware.  Call 302-703-0727 to schedule a free mortgage planning consultation or APPLY ONLINE.

 Delaware mortgage rate weekly update with John R. Thomas

Delaware mortgage rates have started the week higher than last week as the bond market sold off last week in response to 3 things.  First the Federal Reserve statements said economy is improving and there was no mention of QE3.  Former Fed Governor Doesn’t see a QE3.  Second, the problems in Europe  have a temporary solution, there was a bailout deal signed for Greece.  Third, we are seeing inflation in the consumer price index start to kick in which is always bad for mortgage bonds.  These 3 things caused a major sell off in the bond market which has caused mortgage rates to rise almost 0.5% from the beginning of last week.  The bond market has started a downward trend which means in the short term mortgage rates are going to continue to rise. Keep Reading...

Delaware Mortgage Rates Weekly Update for March 12 2012

John Thomas March 13, 2012 Tags: , , , ,

Delaware mortgage rates weekly update for the week of March 12, 2012 by John R. Thomas from Primary Residential Mortgage in Newark, Delaware.  Call 302-703-0727 to schedule a free mortgage planning consultation or APPLY ONLINE NOW.

Delaware mortgage rate weekly update by John R. Thomas 

Delaware mortgage rates started the week opening slightly lower after moving higher last week as the bond market sold off.   The big report last week was the number of jobs created which was at 227,000 for February 2012.   There was also a revision for December and January numbers which was an increase of 61,000 jobs.  The unemployment rate held steady at 8.3%.  The big news is the uncertainty coming out of Greece.  Investors in Greek debt inked a deal that had investors forgiving 100 billion in debt.  This is not a solution but more of a temporary band aide. Keep Reading...

Delaware Mortgage Rate Weekly Update for March 5 2012

John Thomas March 5, 2012 Tags: , , ,

Delaware mortgage rates weekly update for the week of March 5, 2012 by John R. Thomas from Primary Residential Mortgage.  Call 302-703-0727 for a free mortgage planning appointment or APPLY ONLINE.


 Delaware mortgage rate weekly update from John R. Thomas

Delaware mortgage rates had a volatile week last week.  Mortgage rates rose significantly after Federal Chairman Ben Bernanke gave his testimony to the House Financial Services Committe.  The testimony caused both stocks and bonds to sell off as he made no mention of QE3 which was being antipated by the market.  Delaware home loan rates did improve some at the end of the week but we didn’t recover from eveything we lost after Ben’s speech. Keep Reading...

Delaware Mortgage Rates Weekly Update February 20 2012

John Thomas February 20, 2012 Tags: , , , ,

Delaware mortgage rates weekly update for week of February 20, 2012 by John R. Thomas from Primary Residential Mortgage.  Call 302-703-0727 for a free mortgage planning consultation or APPLY ONLINE.

 Delaware mortgage rates weekly update for February 20, 2012 by John R. Thomas

Delaware mortgage rates ended last week higher after some good economic news and a hot reading on inflation.  The good news helped push the stock market higher pulling money out of the bond market which moved mortgage interest rates higher.   The good news released last week included the following: Keep Reading...

Delaware Mortgage Rates Weekly Update for February 13, 2012

John Thomas February 13, 2012 Tags: , , , , ,

Delaware Morgage Rates Weekly Update for February 13, 2012 by John R. Thomas with Primary Residential Mortgage in Newark, Delaware.  Call 302-703-0727 for a free mortgage planning consultation or APPLY ONLINE.

 Delaware mortgage rates weekly update by John R. Thomas

Delaware mortgage rates have started the week slightly higher as bond market has sold off last week and started a downward trend.  When bond prices move down mortgage interest rates move up.  The stock market has been having a great start to 2012, S&P is up 7.5% year to date as of February 10, 2012, this has taken money out of the bond market causing home loan rates to rise from historic lows. Keep Reading...

Delaware Mortgage Rates Weekly Update for February 6, 2012

John Thomas February 7, 2012 Tags: , , , ,

Delaware Mortgage Rates weekly update for week of February 6, 2012 by John R. Thomas from Primary Residential Mortgage.  Call 302-703-0727 to get a free mortgage consultation or APPLY ONLINE NOW.

 Delaware mortgage rates by John R. Thomas

Delaware mortgage rates have started the week higher because of unexpected increase in the nonfarm payroll at 243,000 jobs created versus the 170,000 expected.  This was good news so the stock market rallied pulling money out of the bond marketing causing interest rates to rise.  Delaware mortgage rates are still near all time historic lows so now is a great time to purchase a new home in Delaware or refinance your current mortgage loan. Keep Reading...