Tag primary residential mortgage

Tag primary residential mortgage

Mortgage Interest Rates Update October 3, 2016

John Thomas October 2, 2016 Tags: , , , , , ,
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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...

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 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...

Delaware Mortgage Rates Update for December 15, 2014

John Thomas December 15, 2014 Tags: , , , , ,

Delaware Mortgage Rates weekly mortgage market update for the Week of Dec. 15, 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.

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

Delaware Mortgage Rates were able to recover last and move back to all time lows for the year.  If you look at the mortgage bond chart below you can bonds were able to bounce off support last Monday and rally higher to end the week.  Mortgage Bonds are once again sitting at the highs for the year and could move either direction from here. Keep Reading...

Delaware Mortgage Rates Weekly Update for December 1, 2014

John Thomas November 30, 2014 Tags: , , , , ,
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Delaware Mortgage Rates weekly mortgage market update for the Week of December 1, 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 rallied and broke through the ceiling of resistance.  If you look at the mortgage bond chart below, you can see mortgage bonds rallied through the ceiling of resistance which is the red line that is labeled R1 in the chart.  This line of resistance has held since October 15th so breaking above this line and closing above it last week is a very bullish sign for mortgage bonds.  We are recommending FLOATING your Delaware Mortgage Rate to start the week to see if bonds can build on the momentum they have after breaking through resistance last week. Keep Reading...

Delaware Mortgage Rates Weekly Market Update for November 24, 2014

John Thomas November 23, 2014 Tags: , , , , ,

Delaware Mortgage Rates weekly mortgage market update for the Week of November 24, 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 slightly lower last week as mortgage bonds bounced off level of support.  If you look at the mortgage bond chart below you can see mortgage bonds are now trading higher in the short term but are being capped by a ceiling of resistance which is the blue horizontal line on the chart.  The rise in stock prices has capped the mortgage bond market.  We are recommending FLOATING your Delaware Mortgage Rate to start the week to see if bonds can gain momentum to break thru the ceiling of resistance.  If bonds hit the ceiling and are turned lower, we will switch to a locking stance. Keep Reading...

Delaware Mortgage Rates Weekly Update for November 17, 2014

John Thomas November 18, 2014 Tags: , , , , ,
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Delaware Mortgage Rates weekly mortgage market update for the Week of November 17, 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 drifted lower last week as mortgage bonds traded in the lower end of the trading range.  If you view the mortgage bond chart below you will see that bonds have traded between the two blue lines over the last two weeks but ended last week at the bottom of the channel.  Thursday and Friday both closed with green candles which means bonds bounced off resistance at the bottom of the channel so short term momentum is for bonds to move higher so we are recommend FLOATING Your Delaware Mortgage Rate to start the week. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update for October 13, 2014

John Thomas October 12, 2014 Tags: , , , , ,
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Delaware Mortgage Rates weekly mortgage market update for the Week of October 13, 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 still hover around the all time lows of the year but in the short term we may see a pull back as traders will sell bonds to lock in profit.  If you look at the mortgage bond chart below you can see mortgage bonds set record high for the year and then sold off.  The short term trend is for mortgage bonds to move higher but with bonds being at all time record highs for the year we are recommending LOCKING in your Delaware Mortgage Rate unless you are not settling for 60 days or more as the short term risk versus reward doesn’t warrant floating. Keep Reading...

Delaware Mortgage Rates Weekly Update for October 6, 2014

John Thomas October 6, 2014 Tags: , , , , ,

Delaware Mortgage Rates weekly mortgage market update for the Week of October 6, 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 ended the week about where they started but the trend has become bearish.  If you look at the mortgage bond chart below you can see Mortgage Bonds sold off on Friday after the September Jobs Report was released on Friday and the Stock Market rallied.  Recommend LOCKING your Delaware Mortgage Rate to start the week as the short term risk for mortgage rates to sell off and move interest rates higher. Keep Reading...