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Mortgage Rates Weekly Update [April 16 2018]

John Thomas April 16, 2018 Tags: ,
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Mortgage Rates Weekly Update for April 16, 2018

Mortgage Rates Update for April 16, 2018 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware 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 to end the week as mortgage bonds sold off.  If you look at the mortgage bond chart below you can see mortgage bonds have broken beneath support and fell back into a sideways trading channel they had been in for months.  Bonds ended at the bottom of the channel and have not confirmed support yet.  We are recommending LOCKING your mortgage rate to start the week until mortgage bonds can find a floor of support and rally higher as if break through the trading channel have more room to sell off  and move mortgage interest rates even higher. Keep Reading...

Mortgage Rates Weekly Update [April 2 2018]

John Thomas April 2, 2018 Tags: ,
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Mortgage Rates Weekly Update for April 2, 2018

Mortgage Rates Update for April 2, 2018 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates.  John Thomas is the Branch Manager, a Delaware 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 finally moved lower last week as mortgage bonds were able to break above the 25 moving average.  If you look at the mortgage bond chart below you can see mortgage bonds are now moving higher in the short term after breaking above the 25 moving average last Tuesday and followed through on Wednesday and Thursday.  We are recommending FLOATING your mortgage rate to start the week to see if mortgage bonds can continue to rally now that we have broken above the 25 day moving average which had been a tough ceiling of resistance since the beginning of January. Keep Reading...

Mortgage Rates Weekly Update [March 26 2018]

John Thomas March 25, 2018 Tags: ,
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Mortgage Rates Weekly Update for March 26, 2018

Mortgage Rates Update for March 26, 2018 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates.  John Thomas is the Branch Manager, a Delaware 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 failed to move lower after a stock market drop of over 400 points on Friday.  If you look at the mortgage bond chart below you can see that mortgage bonds failed to break out of the channel they have been caught in for the past couple of weeks even in the face of a big stock market sell off.  Failing to break above the 25 moving average is a bad technical signal for mortgage bonds so we are recommending LOCKING your Mortgage Rate to start the week. Keep Reading...

Mortgage Rates Weekly Update [March 19 2018]

John Thomas March 21, 2018 Tags: ,
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Mortgage Rates Weekly Update for March 19, 2018

Mortgage Rates Update for March 19, 2018 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates.  John Thomas is the Branch Manager, a Delaware 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 ended the week slightly lower than where they started as mortgage bonds moved up to the the 25 moving average.  If you look at the mortgage bond chart below you can see mortgage bonds continue to trade in a sideways pattern and ended the day on Friday right at the 25 day moving average.  Since bonds have failed to break through the 25 day moving average the last three times they have approached the 25 day moving average, we are going to recommend LOCKING your mortgage interest rate to start the week.  Mortgage bonds have a big risk of selling off because they have failed to break through the 25 day moving average so the downside risk is much bigger than any potential gain in the bond market. Keep Reading...

Mortgage Rates Weekly Update [March 12 2018]

John Thomas March 11, 2018 Tags: ,
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Mortgage Rates Weekly Update for March 12, 2018

Mortgage Rates Update for March 12, 2018 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates.  John Thomas is the Branch Manager, a Delaware 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 ended the week slightly higher than where they started as mortgage bonds were turned lower after failing to break through the 25 moving average.  If you look at the mortgage bond chart below you can see mortgage bonds continue to trade in a sideways pattern and ended the day on Friday near the bottom of the channel.  US Treasuries ended the day at 2.90% just  beneath resistance at 2.908%.  If yields move above this level it will cause mortgage bonds to continue to sell off and move mortgage interest rates even higher; therefore, we are recommending LOCKING Your mortgage interest rate to start the week. Keep Reading...

Mortgage Rates Weekly Update [March 5 2018]

John Thomas March 5, 2018 Tags: ,
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Mortgage Rates Weekly Update for March 5, 2018

Mortgage Rates Update for March 5, 2018 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates.  John Thomas is the Branch Manager, a Delaware 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 ended the week about where they started after sell off in mortgage bonds on Friday to end the week.  If you look at the mortgage bond chart below you can see mortgage bonds moved higher during the week but were turned lower at the 25 moving average and sold off after talk of tariffs on steel imports.  The long term trend for mortgage bonds is to continue to sell off and move lower which will move mortgage interest rates higher; therefore, we are recommending LOCKING your mortgage rate to start the week. Keep Reading...

Mortgage Rates Weekly Update [February 26 2018]

John Thomas February 27, 2018 Tags: ,
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Mortgage Rates Weekly Update for February 26, 2018

Mortgage Rates Update for February 26, 2018 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates.  John Thomas is the Branch Manager, a Delaware 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 have been stuck bouncing slightly higher and slightly lower for the last two weeks as mortgage bonds are stuck in a sideways trading pattern.  If you look at the mortgage bond chart below, you can see mortgage bonds have been bouncing off support which is the blue line in the graph and being turned lower from a tough ceiling of resistance which creates a sideways trading pattern.  The long term trend is still for mortgage bonds to move lower but in the short term we can float to see if mortgage bonds can move higher and break above this trading channel which will be good for mortgage interest rates.  We are recommending FLOATING Your mortgage rate to start the week. Keep Reading...

Mortgage Rates Weekly Update [February 19 2018]

John Thomas February 19, 2018 Tags: ,
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Mortgage Rates Weekly Update for February 19, 2018

Mortgage Rates Update for February 19, 2018 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates.  John Thomas is the Branch Manager, a Delaware 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 finally stabilize last week after mortgage bonds found a floor of support.  If you look at the mortgage bond chart below you can see mortgage bonds were able to bounce higher off a floor a off support (Blue Horizontal line) and end the week higher just below a ceiling of resistance.  We are recommending FLOATING your mortgage rate to start the week to see if mortgage bonds can continue to rally break through the ceiling of resistance which would move mortgage interest rates lower.  The long term trend is still for mortgage rates to move higher but in the short term we might be able to catch a slight improvement in interest rates by floating.  If mortgage bonds switch course and break below the support from last week, we will quickly switch to a locking stance. Keep Reading...