Mortgage Rates Update August 8 2016

John Thomas August 9, 2016 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Update August 8 2016

Mortgage Rates weekly update for the Week of August 8, 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 Rates moved higher on Friday after the Jobs Report for July 2016 was released by Labor Department. If you look at the chart below you can see mortgage bonds ended the day lower on Friday with the red candle and closed below the 25 day moving average. The short term trend is for bonds to move higher so we are recommending carefully FLOATING your mortgage rate to start the week. If mortgage bonds can close above the 25 day moving average they could run higher and move mortgage rates back to all time record lows. Keep Reading...

Mortgage Interest Rate Weekly Update May 23, 2016

Mortgage Interest Rate Weekly Update May 23 2016

Mortgage Interest Rate weekly update for the Week of May 23, 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 moved higher last week as mortgage bonds sold off as Federal Reserve announced that are looking to hike the Feds Funds Rate in June 2016. If you look at the mortgage bond chart below you can see the sell off in bonds last week. Bonds were able to find support at the 100 day moving average and may be ready to make a move higher which would move interest rates lower. Therefore we are recommending FLOATING Your mortgage rate to start the week. Keep Reading...

Mortgage Interest Rates Updates May 16, 2016

John Thomas May 15, 2016 Tags: Delaware, Delaware Home Loans, Delaware mortgages, mortgage loans, mortgage rates

Mortgage Interest Rates Weekly Update May 16 2016

Mortgage Interest Rates weekly update for the Week of May 16, 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 remain at 3 year record lows! Now is the best time to refinance or purchase a home in a very long time. If you look at the mortgage bond chart below you can see bond prices have been capped by the blue line since February. Every time the bond has hit the blue line it has been turned lower which means rates would move higher so we are recommending LOCKING your mortgage interest rate at these record lows unless the bond can close above that blue line. Keep Reading...

Mortgage Interest Rates Update January 18 2016

John Thomas January 17, 2016 Tags: Delaware, home loans, Interest rates, Maryland, mortgage rates, Mortgages Loans

Mortgage Interest Rates Weekly Update January 18 2016

Mortgage Interest Rates weekly update for the Week of January 18, 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 were able to move lower last week after a big sell off in Global Stock Markets. If you look at the mortgage bond chart below you can see that mortgage bonds have been able to trade to the upper end of the trading range which has helped improve mortgage rates. But with mortgage bonds not able to mount more than a 19 bps rally in the face of the DOW Stock Index dropping 390 points to end the day, we are recommending LOCKING your mortgage rate to start the week. If stocks reverse, we will see the mortgage bonds sell off and move mortgage interest rates higher. Keep Reading...

Mortgage Rates Update for Jan 11 2016

John Thomas January 10, 2016 Tags: Delaware Mortgage Rates, home loans, Maryland Mortgage Rates, mortgage loans, mortgage rates

Mortgage Rates Update Weekly Jan 11 2016

Mortgage Rates update weekly for the Week of January 11, 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 Rates were able to move lower last week as the Major Stock Market Indexes have had their worst start to begin a new year on record. If you look at the mortgage bond chart below, you can see mortgage bonds rallied higher last week with the green candles on the chart. The bond closed above the 200 day moving average which had been a strong overhead resistance so we are recommending FLOATING your mortgage rate to start the week to see if bonds can continue to rally. Keep Reading...

Mortgage Rates Weekly Update for Jan 4 2016

John Thomas January 4, 2016 Tags: Delaware, home loans, Maryland, mortgage loans, mortgage rates

Mortgage Rates Weekly Update Jan 4 2016

Mortgage Rates weekly market update for the Week of January 4, 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 Rates were able to stabilize last week and end the week slightly lower than they started as the bond was able to hammer out a bottom and bounce higher. If you take a look at the mortgage bond chart below from 12-31-2015 you can see mortgage bonds ended the week with a Green Candle showing bonds bouncing off support. We are recommending starting the new year FLOATING your mortgage rate to see if bonds can continue to rally higher. If bonds switch and sell off, we would quickly switch to a locking stance. Keep Reading...

Mortgage Rates Weekly Update Dec 21 2015

John Thomas December 20, 2015 Tags: Delaware, home loans, Maryland, mortgage loans, mortgage market update, mortgage rates, Pennsylvania, Virginia

Mortgage Rates Weekly Update Dec 21 2015

Mortgage Rates weekly market update for the Week of December 21, 2015 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 Rates were able to move lower after several weeks of moving up. If you look at the mortgage bond chart below you can see bonds were finally able to bounce off a floor of support and move higher after several weeks of trending lower. The short term trend is for bonds to move higher and interest rates lower but bonds are up against a tough over head ceiling of resistance so in order to continue to move higher will need to break through and close above ceiling of resistance. With the short term trend of bonds to move higher, we are recommending FLOATING your mortgage interest rate to start the week. But if bonds get turned lower at overhead resistance, we will quickly recommend switching to a locking stance. Keep Reading...

Mortgage Rates Weekly Update for Dec 14 2015

John Thomas December 13, 2015 Tags: Delaware, home loans, Maryland, mortgage loans, mortgage rates, Pennsylvania, Real Estate, Virginia

Mortgage Rates Weekly Update for Dec 14, 2015

Mortgage Rates weekly market update for the Week of December 14, 2015 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 Rates have been moving up and down by about 0.25% over the last couple weeks as bonds have traded in a choppy fashion. If you look at the mortgage bond chart below, you can see the up and down black arrows following the changing short term trend of the bond going up and down. We ended the week with mortgage bonds once again bouncing off support and starting to reverse a downward trend and moving higher with the green candle on Friday. Therefore we are recommending FLOATING your mortgage rate to start the week. Keep Reading...