Delaware Mortgage Rates

Delaware Mortgage Rates

Delaware Mortgage Rates Weekly Mortgage Market Update for July 15, 2013

John Thomas July 14, 2013 Tags: , , , , ,
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Delaware mortgage rates weekly market update for the week of July 15, 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 free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware mortgage rates were finally able to move lower after spiking higher the past two weeks. If you look at the mortgage bond chart below you can see that mortgage bonds were able to rebound on Monday after the big sell-off on Friday, July 5th which is the big red candle down on the bond chart below. The big green candle on Monday shows the bond market rebounding and then moved higher the rest of the week. The short term trend is now for mortgage bonds to move higher and rates to move lower so we are recommending FLOATING your Delaware mortgage rate to start the week. Keep Reading...

Delaware Mortgage Rates Weekly Update for July 8, 2013

John Thomas July 7, 2013 Tags: , , , , , ,
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Delaware mortgage rates weekly market update for the week of July 8, 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 free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates Jumped Higher on Friday after the Jobs Report for June 2013 was released. If you look at the mortgage bond chart below you can see the big Red Candle on Friday showing the bond closing down 200 basis points which is the biggest one day drop in a LONG TIME!! Mortgage bonds also dropped on Thursday by 44 basis points so in a week we saw mortgage rates jump by 0.5%! Rates are pushing 5% now with most loan products. With the damage done and mortgage bonds looking very overbought we are recommending FLOATING your Delaware mortgage rate to start the week. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update for July 1, 2013

John Thomas June 30, 2013

Delaware mortgage rates weekly market update for the week of July 1, 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 free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates Finally improved for the first time since the big sell-off in mortgage back securities after Bernanke’s statements on Wednesday, June 19, 2013. Mortgage rates were able to improve after members of the Federal Reserve started backtracking on statements made by Bernanke about tapering QE3 this year. If you look at the mortgage bond chart below you can see the big red candle on June 19th which was the sell-off after Bernanke’s comments. The bond was able to stabilize on Monday and Tuesday and then jumped higher on Wednesday and Thursday after lower than expected first quarter 2013 GDP reading at 1.8%, the expectation was for GDP of 2.4%. Keep Reading...

Delaware Mortgage Rates Weekly Update for June 24, 2013

John Thomas June 23, 2013 Tags: , , , , ,
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Delaware mortgage rates weekly market update for the week of June 24, 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 free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware mortgage rates once again jumped higher last week which marks the eighth straight week mortgage rates have moved higher since May 1st.  If you look at the mortgage bond chart below you can see that mortgage bonds sold off on Wednesday after Ben Bernanke made comments after the Federal Open Market Committee released their meeting minutes. Bernanke’s comments caused stock, bonds, and oil to sell off as he stated the economy was doing better so the Federal Asset purchase program would begin tapering purchasing this year and end it by mid-2014. This was in contrast to what the Federal Reserve has been saying so markets went crazy. Bonds sold off again on Thursday and then again on Friday which moved mortgage rates back to where they were in October 2011. We are recommending cautiously FLOATING your Delaware mortgage rate to start the week as mortgage bonds may seem cheap here and we may get buyers coming back into the market. Keep Reading...

Delaware Mortgage Rates Weekly Market Update for June 17, 2013

John Thomas June 16, 2013 Tags: , , , , , ,
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Delaware mortgage rates weekly market update for the week of June 17, 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 free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware mortgage rates were finally able to stabilize last week and stop their trek higher. We saw mortgage rates were able to improve slightly as the mortgage bond found a bottom of support and was able to bounce higher as can been seen from the bond chart below. We are recommending cautiously FLOATING your Delaware mortgage rate to start the week to see if bonds can continue to trade higher. If bonds reverse course and sell off again we will quickly switch to a locking stance. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update for June 10, 2013

John Thomas June 10, 2013 Tags: , , , , , ,
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Delaware mortgage rates weekly market update for the week of June 10, 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 free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware mortgage rates continue to move higher as the mortgage bond struggles to find a bottom of the support. If you look at the mortgage bond chart below you can see mortgage bonds have been selling off and stepping lower almost every week since the beginning of May 2013. We are hoping the bond can find a bottom here and bounce higher as indicated by the arrow but if bonds move lower than downward trend will continue in bonds. We are recommending LOCKING your Delaware mortgage rate as the bond has not been able to hold a level of support so the risk is for rates to continue to move higher. Keep Reading...

Delaware Mortgage Rate Weekly Update for June 3, 2013

John Thomas June 2, 2013 Tags: , , , , , ,
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Delaware mortgage rate weekly update for the week of June 3, 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 free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware mortgage rates moved higher again last week after a big sell-off on Tuesday in the mortgage bond market as you can see on the mortgage bond chart below. The big Red Candle on Tuesday shows the bond market dropped over 100 basis points moving mortgage rates higher. Mortgage rates have been moving higher since the beginning of May when rates were at all-time record lows. The bond tried to stabilize to end the week so we are recommending FLOATING your Delaware mortgage rate to start the week but if mortgage bonds resume their sell-off we will quickly switch to a locking stance. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update for Week of May 27, 2013

John Thomas May 27, 2013 Tags: , , , , , , ,

Delaware mortgage rates weekly mortgage market update for the week of May 27, 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 free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware mortgage rates jumped up last week on Wednesday after Ben Bernanke made a speech on the state of the economy and the Federal Reserve Bond Buying Program. If you look at the mortgage bond chart below you can see the GIANT red candle on Wednesday, May 22, 2013.  The Red Candle means mortgage bonds sold off causing home loan rates to move higher. Mortgage rates have been moving higher since hitting all-time record lows on May 1, 2013. The trend as can be seen from the chart is for mortgage bonds to keep moving lower forcing rates higher. Mortgage bonds did hold a line of support on Thursday and Friday so we may be seeing a bottom here so we are recommending FLOATING your Delaware mortgage rate to start the week. But if mortgage bonds break below the line of support and continue trend lower we would recommend switching to a locking stance as interest rates will continue their trek higher. Keep Reading...