Mortgage Rates weekly market update for the Week of May 25, 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 rose last week after the previous week’s move lower.  If you look at the mortgage bond chart below you can see mortgage bonds sold off Monday and Tuesday to start the week which moved mortgage interest rates higher.  Bonds broke below the 200-day moving average and below the 2-year long term trend line on Tuesday.  This could have been very bad for mortgage rates but bonds were able to rally higher on Wednesday and close above the 200-day moving average.  Mortgage bonds ended the week above the 200 days moving average so we are recommending FLOATING Your mortgage rate to start the week to see if bonds can move higher off the 200-day moving average and move interest rates lower. Keep Reading...

Mortgage Rates weekly market update for the Week of May 18, 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 finally move lower after two weeks of moving higher.  If you look at the mortgage bond chart below you can see mortgage bonds were finally able to find a level of support on Thursday and bounce higher.  A good technical sign is a bond being able to move above the 200 days moving average on Friday and close above it.  This is a bullish signal for bonds so we are recommending FLOATING your mortgage rate to start the week. Keep Reading...

Mortgage Rates weekly market update for the Week of March 16, 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 were finally to stop moving higher last week after bonds found support.  If you look at the mortgage bond chart below, you can see that mortgage bonds were able to rally back on Monday after previous week sell-off after Jobs Report.  Bonds were able to move higher during the week which has caused the short term trend for mortgage bonds to be upward.  This could help move home loan interest rates lower in the coming week so we are recommending FLOATING your Mortgage Rate to start the week. Keep Reading...