Delaware Mortgage Rates

Delaware Mortgage Rates

Delaware Mortgage Rates Weekly Update for September 9, 2013

John Thomas September 8, 2013 Tags: , , , , , ,

Delaware Mortgage Rates weekly market update for the week of September 9, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John Thomas is the Newark, Delaware Mortgage Branch Manager and the author of the 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 hit a 2-year high last week as mortgage bonds sold off in response to good economic reports and anticipation of better than expected jobs report. If you look at the mortgage bond chart below for the last 6-month view, you can see mortgage bonds have been trending lower since May 2013 and have been setting new record lows. This has been the long term trend for mortgage rates since May and the trend will continue as you can see there is nothing in the chart to indicate that mortgage bonds can mount a rally that would alter the trend. The second mortgage bond chart below is last 30-day view of bonds which shows in more detail how the bond has sold off starting on Monday and hit another 2 year low on Thursday. This moved Delaware home loan rates to a 2 year high. Friday we did see a recovery and a bounce higher after the August Jobs Report came out worse than expected. We are recommending LOCKING your Delaware mortgage rate if closing in the next 2 weeks as the market will be extremely volatile but if closing in 30 days or more then you can FLOAT to see if mortgage bonds can bounce higher from this level. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update for September 2, 2013

John Thomas September 3, 2013 Tags: , , , , ,
featured image

Delaware Mortgage Rates weekly market update for the week of September 2, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John Thomas is the Newark, Delaware Mortgage Branch Manager and the author of the 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 rallied at the beginning of the week and moved lower but the rally faded to end the week as mortgage bonds met tough resistance at the 25-day moving average and a falling trend line.  If you look at the mortgage bond chart below you can see there was a big rally on Monday in the bond market as the threat of military action in Syria loomed. The instability in the Middle East caused money to move out of the stock market into the bond market during the week but a better than expected reading on GDP caused the bond market to lose steam and sell off to end the week.  With the 25 moving average as a tough ceiling of resistance for mortgage bonds, we are recommending LOCKING your Delaware mortgage rate to start the week. If you are not closing for 60 to 180 days then you can FLOAT to see how the market plays out. Keep Reading...

Delaware Mortgage Rates Weekly Update for August 26, 2013

John Thomas August 25, 2013 Tags: , , , , , ,

Delaware Mortgage Rates weekly market update for the week of August 26, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John Thomas is the Newark, Delaware Mortgage Branch Manager and the author of the 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 about where they ended the previous week after a roller coaster ride. If you look at the Mortgage Bond Chart below you can see mortgage bonds sold off on Monday to start the week which caused home loan rates to jump higher. The bond recovered on Tuesday but then sold off again on Wednesday after the Federal Reserve Minutes were released. Opened again lower on Thursday but was able to recover some after Weekly Initial Jobless Claims were released on Thursday which showed a 13,000 increase in Jobless Claims to 336,000 claims. The mortgage bond followed through on Friday with a Big Rally to end the week back where we ended the previous week. We are recommending FLOATING your Delaware Mortgage Rate to start the week to see if mortgage bond can build on the momentum from Friday’s rally. Keep Reading...

Delaware Mortgage Rates Weekly Market Update for August 19, 2013

John Thomas August 18, 2013 Tags: , , , , , ,
featured image

Delaware Mortgage Rates weekly market update for the week of August 19, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the 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 jumped higher to end the week last week after a slew of positive economic reports. If you look at the mortgage bond chart below you can see mortgage bonds dropped lower every day and sold off on Friday to end the week so mortgage rates moved higher all week. Monday started the sell-off in bonds when the bond couldn’t close above the falling blue trend line. The same pattern repeated itself again last week which was bonds hitting the falling blue trend line and then being turned lower in a big sell-off.  Bonds appear to have hit a bottom so we are going to recommend FLOATING your Delaware mortgage rate to see if the bond market can bounce higher but be on guard if selling continues bond could move significantly lower and mortgage rates could continue to move higher. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update for August 12, 2013

John Thomas August 11, 2013 Tags: , , , ,
featured image
mortgage bond chart 08-12-2013

Delaware mortgage rates weekly market update for the week of August 12, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the 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 again ended the week about where they started the week as mortgage bonds have traded in a tight range in the last couple of weeks. If you look at the mortgage bond chart below you can see that mortgage bonds hit their lowest point in over 2 years at the beginning of July, they have since bounced off the lows but now remain trading just below the long term falling trend line we have been talking about. In order for home loan rates to move much lower, the bond needs to break above the falling trend line. We are recommending FLOATING your Delaware mortgage rate to start the week to see if the bond can break above this falling trend line and start a Summer Rally. Keep Reading...

Delaware Mortgage Rates Weekly Update for August 5, 2013

John Thomas August 4, 2013 Tags: , , , , ,
featured image

Delaware mortgage rates weekly market update for the week of August 5, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the 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 right about where they started after a wild ride from Monday to Friday. If you look at the mortgage bond chart below you can see mortgage bonds ended the week at 100.81 which was almost where it started the week which was 100.88 which means mortgage interest rates are about the same at the end of the week. But if you look at the in-between days you can see mortgage rates surged higher into Wednesday ahead of the Fed Minutes then rebounded lower at the end of the day on Wednesday then surged higher on Thursday and they rebounded lower on Friday after the July 2013 Jobs Report was released.  We are recommending FLOATING your Delaware mortgage rate to start the week to see if bonds can build on the momentum and have a Summer Rally. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Update for July 29, 2013

John Thomas July 28, 2013 Tags: , , , , ,
featured image

Delaware mortgage rates weekly market update for the week of July 29, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the 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 about where they started as the mortgage bond was stopped from moving higher by the long term downward trend line. If you look at the mortgage bond chart below, you can see mortgage bonds still have not been able to break above the falling blue trend line that is moving mortgage bonds lower and Delaware mortgage interest rates higher. The mortgage bond was able to close above the 25 days moving average for 2 days in a row which is great news and hasn’t happened since April 2013. We are recommending FLOATING your Delaware mortgage rate to start the week to see if mortgage bonds can build on the momentum of closing above the 25 days moving average. Keep Reading...

Delaware Mortgage Rates Weekly Update for July 22, 2013

John Thomas July 22, 2013 Tags: , ,
featured image

Delaware mortgage rates weekly market update for the week of July 22, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the 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 improved again this week as mortgage bonds were able to rally to end the week on comments from Federal Chairman Ben Bernanke who reaffirmed that the Feds easy money policies would continue into 2014. If you look at the mortgage bond chart below you can see mortgage bonds bounced off the 2 years low on July 8th and have continued to rally since setting a short term trend for mortgage bonds to trade higher. When the mortgage bond price moves higher, mortgage interest rates move lower so Delaware mortgage rates have moved lower since hitting 2 years high. On Friday, mortgage bonds were able to close above the 25-day moving average which is a bullish sign for bonds to continue to move higher so we are recommending FLOATING your Delaware mortgage rate to start the week. Keep Reading...