Mortgage Rates Weekly Update [August 7 2017]

John Thomas August 6, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for August 7, 2017

Mortgage Rates Weekly Update for August 7, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. 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 as mortgage bonds sold off to end the week.  If you look at the mortgage bond chart below you can see mortgage bonds had rallied all week until Friday when the July Jobs Report was released and mortgage bonds sold off and dropped below the level of support which has been a strong ceiling of resistance for the past month.  We are recommending LOCKING your mortgage rate to start the week as mortgage bonds are again below a tight ceiling of resistance and could be pushed even lower as yields on the treasuries broke above their 50 day moving average. Keep Reading...

Mortgage Rates Weekly Update [July 31 2017]

John Thomas July 29, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for July 31, 2017

Mortgage Rates Weekly Update for July 31, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. 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 lower than they started after failing to stay above the 50 day moving average on Monday but were able to rally to end the week just below the 50 day moving average.  If you look at the mortgage bond chart below you can see mortgage bonds are trading in a tight range between the blue lines to end the week.  It is going to be tough for bonds to break above the 50 day moving average in the short term so we are recommending LOCKING Your mortgage rate to start the week to take advantage of the rally off support on Friday for mortgage bonds. Keep Reading...

Mortgage Rates Weekly Update [July 24 2017]

John Thomas July 24, 2017 Tags: mortgage rates

Mortgage Rate Weekly Update for July 24, 2017

Mortgage Rate Weekly Update for July 24, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. 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 lower last week as mortgage bonds broke through resistance and rallied higher.   If you look at the mortgage bond chart below you can see mortgage bonds were able to break above rough ceiling of resistance and moved up their 50 moving average.  The technical trading signals now point to a rally in the bond market higher so we are recommending FLOATING Your mortgage rate to start the week. Keep Reading...

Mortgage Rate Weekly Update [July 17 2017]

John Thomas July 16, 2017 Tags: mortgage rates

Mortgage Rate Weekly Update for July 17, 2017

Mortgage Rate Weekly Update for July 17, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. 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 once again move lower last week after moving higher for several weeks in a row.  If you look at the mortgage bond chart below you can see mortgage bonds were able to rebound higher last week after bouncing off a floor of support.  Mortgage bonds failed to break above a tough ceiling of resistance on Friday after a strong rally and fell back down to end the day so we are recommending LOCKING your mortgage rate to take advantage of the move lower in interest rates as mortgage bonds will continue to face a very touch ceiling of resistance. Keep Reading...

Mortgage Rates Weekly Update [July 10 2017]

John Thomas July 8, 2017 Tags: mortgage rates

Mortgage Rates Weekly Update for July 10, 2017

Mortgage Rates Weekly Update for July 10, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. 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 continued to move higher last week as mortgage bonds continued the downward trend that we discussed in last week’s update.  If you look at the mortgage bond chart below you can the downward trend in mortgage rates over the last couple weeks with the blue arrow.  Mortgage bonds are now testing an important floor of support shown with the blue horizontal line.  If mortgage bonds continue lower and break through this floor bonds have a long way to fall before hitting the next floor of resistance which means the risk of higher rates out weighs any potential reward of waiting to see if mortgage bonds could rally higher.  We are recommending LOCKING your mortgage rate as the risk is for bonds to move higher and the under lying technicals are not strong for the bond market right now. Keep Reading...

Mortgage Rates Weekly Update [July 3 2017]

John Thomas July 3, 2017 Tags: mortgage rates

Mortgage Rates Weekly Update for July 3, 2017

Mortgage Rates Weekly Update for July 3, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. 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 broke beneath a level of support that has held for the past several weeks which is a bad technical signal.  The short term outlook is for mortgage bonds to continue to trend lower so we are recommending LOCKING your mortgage rate to start the week. Keep Reading...

Mortgage Rates Weekly Update [June 12 2017]

John Thomas June 10, 2017 Tags: mortgage rates

Mortgage Rates Weekly Update for June 12, 2017

Mortgage Rates Weekly Update for June 12, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. 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 drifted higher as mortgage bonds were turned lower from tough ceiling of resistance.  If you look at the mortgage bond chart below you can see mortgage bonds are trading in a tight pattern since rallying higher at the beginning of May 2017.  Mortgage bonds have been fighting to stay above the 200 day moving average and have drifted lower since hitting the highs of the year.  We are recommending LOCKING your Mortgage Rate to start the week to take advantage of the best rates of the year as mortgage bonds have failed to rally higher and closed on the 200 day moving average on Friday as well as US Treasury closed above the key 2.18% yield mark.  Treasuries moving higher could force the bond market to sell off which would move mortgage interest rates higher. Keep Reading...

Mortgage Rates Weekly Update for June 5 2017

John Thomas June 4, 2017 Tags: mortgage rates

Mortgage Rates Weekly Update for June 5, 2017

Mortgage Rates Weekly Update for June 5, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. 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 lower last week after disappointing Jobs Report for May 2017 was released.  If you look at the mortgage bond chart below you can see mortgage bonds hit the high for 2017 after breaking through a tough ceiling of resistance at 200 day moving average and have hit the high not seen since the November US presidential elections.  We are recommending FLOATING Your mortgage rate now that bonds have broken out of tight trading channel.  We will be looking for bonds to close above the 200 day moving average on Monday and then this will be a new floor of support.  If bonds fall below 200 day moving average then we would recommend locking your mortgage interest rate. Keep Reading...