Mortgage Rates Weekly Update for October 30, 2017

Mortgage Rates Update for October 30, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates.  John Thomas is the Branch Manager, a Delaware 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 ended the week higher than they started last week as mortgage bonds continued the downward trend but were able to hammer out a floor of support.  If you look at the mortgage bond chart below you can mortgage bonds have been selling off since back on September 8th and have broken through several floors of support but last were able to find support and ended the week with a rally off of support.  The green candle on Friday is a good signal that bonds may recover in the short term so we are recommending FLOATING your mortgage rate to start the week. Keep Reading...

Mortgage Rates Weekly Update for October 16, 2017

Mortgage Rates Update for October 16, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates.  John Thomas is the Branch Manager, a Delaware 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 rebound last week and end the week lower than they started as mortgage bonds rebounded after weaker than expectations of Retail Sales & Consumer Price Index.  If you look at the mortgage bond chart below you can see mortgage bonds were able to rally off support and moved higher to break above the previous ceiling of resistance.   Mortgage bonds closed just below 25 day moving average and US Treasuries broke below 200 day moving averages and technicals favor the bonds continuing to rally so we are recommending FLOATING Your mortgage rate to start the week. Keep Reading...

Mortgage Rates Weekly Update for October 9, 2017

Mortgage Rates Update for October 9, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates.  John Thomas is the Branch Manager, a Delaware 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 increased this week after the Jobs Report for September was released on Friday.  If you look at the mortgage bond chart below you can mortgage bonds had been trading above the line of support that had held for the last 2 weeks but bonds broke through support on Friday.  Mortgage bonds fell to the next level of support and were able to rally back higher end the day just below the previous level of support.  We are recommending starting the week FLOATING your mortgage rate as the damage has already been done and we are looking to see if mortgage bonds can rally back now that the jobs report is behind us. Keep Reading...

Delaware Mortgage Rates Update for October 2, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates.  John Thomas is the Branch Manager, a Delaware 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

Delaware Mortgage Rates moved higher last week as mortgage bonds continued to sell off since hitting the highs of the year at the beginning of September.  If you look at the bond chart below you can see the pattern for mortgage bonds has been to sell off and trade lower.  Mortgage bonds did hit a very important floor of support on Friday which did hold.  If mortgage bonds break beneath this support it will be very bad sign for mortgage bonds and we will see rates continue to move higher.  We are recommending LOCKING your Delaware mortgage rate to start the week as mortgage bonds have been trading lower and closed just above a floor of support.  We would like to see a bounce off support before we switch to a floating stance. Keep Reading...

Mortgage Rates Update for September 25, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates.  John Thomas is the Branch Manager, a Delaware 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 slightly higher last week as mortgage bonds sold off after Federal Reserve announced the “Great Unwind” of its balance sheet.  If you look at the mortgage bond chart below, you can see the trend is for mortgage bonds to sell off and move rates higher but on Friday bonds were able to bounce off support and close just below the 50 day moving average.  The technical trading patterns point to bond prices moving higher which would move interest rates lower so we are recommending FLOATING your mortgage rate to start the week. Keep Reading...