Delaware Mortgage Rates weekly mortgage market update for the Week of September 22, 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 stabilize last week after moving higher for the past two weeks. If you look at the mortgage bond chart below you can see mortgage bonds have been on a downward trend which has moved mortgage rates higher but last week we were able to hammer out a floor of support. With the Fed Meeting behind us, we are looking to see if mortgage bonds can rally and move higher off the line of support seen in the chart below. Friday mortgage bonds were able to build on some momentum from Thursday and close above the line of support so we are recommending FLOATING your Delaware Mortgage Rate to start the week. Keep Reading...

Delaware Mortgage Rates weekly mortgage market update for the Week of September 15, 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 moved higher all week last week to end the week about where rates were in May 2014. The fear that the Feds will raise the short term interest rates sooner rather than later sparked a sell-off in the Bond Market as well as the Stock Market which caused interest rates to move higher. If you look at the mortgage bond chart below, you can see that each day last week closed lower than the date before with the series of red candles. Mortgage bonds broke beneath floors of support and have stopped just above the 200 days moving average. If bonds stop here next week they could rally higher but there is still some downside before hit the next floor of support and the short term trend is for bonds to continue to fall. Therefore we are continuing to recommend LOCKING your Delaware Mortgage Rate if closing in the next couple days to several weeks as the risk is still for rates to move higher. We do see a recovery in bonds as they are currently oversold but the recovery could be several weeks down the road. Keep Reading...

Delaware Mortgage Rates weekly mortgage market update for the Week of September 8, 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 continued to hover around lows for 2014 on last Friday as weakness in the stock market pushed mortgage bonds higher. If you look at the mortgage bond chart below you can see the big green candle on Friday as mortgage bonds rallied and touched the all-time highs for 2014 before retreating lower. We are recommending LOCKING any short term transactions that are closing in days to weeks as the bond was turned lower after hitting the ceiling of resistance so could have a short term pullback which would move interest rates higher. Keep Reading...

Delaware Mortgage Rates weekly mortgage market update for the Week of August 18, 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 all week. If you look at the mortgage bond chart below you can see mortgage bonds found a bottom on Monday and were able to rally higher all week after weaker than expected economic news and geopolitical events continuing to dominate headlines. We are recommending FLOATING your Delaware Mortgage Rate to start the week as the short term trend is for mortgage bonds to continue to rally higher which will move mortgage interest rates lower. Keep Reading...

Delaware Mortgage Rates weekly mortgage market update for the Week of August 11, 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 near the lows for the year but mortgage bonds were turned lower on Friday as the market rallied. Geo-Political News dominated headlines last week and sent the market on a wild ride. The tensions in Ukraine, the War in Gaza, and the war in Iraq have caused the markets to have extreme volatility this past week. If you look at the mortgage bond chart below you can see the green and red candles going back and forth each day and finally ending down on Friday trading below the line of resistance R2 on the chart. We are recommending LOCKING Your Delaware Mortgage Rate to start the week as Friday’s technical signal is for bonds to continue to sell off. Keep Reading...