Mortgage Rates Update for September 18, 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 lower last week after hitting the lows since November 2016 the previous week.  If you look at the mortgage bond chart below you can see bonds hit a tough ceiling of resistance the previous week which was the highest price seen since November.  Mortgage bonds were turned lower as the stock market rallied pushing mortgage bonds down to the next floor of support which did hold last week.  With mortgage bonds sitting on a floor of support we are recommending FLOATING your mortgage rate to start the week to see if mortgage bonds can rally higher off support and move interest rates lower. Keep Reading...

Mortgage Rates Update for September 11, 2017

Mortgage Rates Update for September 11, 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 to the lows of the year as the bond market rallied in part because of continued low inflation.  If you look at the mortgage bond chart below you can see mortgage bonds have been on an upward trend since the middle of July 2017.  Mortgage Bonds hit a tough ceiling of resistance on Thursday and were turned lower and Friday closed down from the highs not seen since last November.  Low inflation, meager wage growth, inept Congress and under performing GDP remain primary tailwinds for mortgage Bonds and lower rates. With mortgage rates at record lows, we are recommending LOCKING your mortgage rate to start the week to take advantage of these low rates.
Keep Reading...

Mortgage Rates Update for August 28, 2017

Mortgage Rates Update for August 28, 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 about where they started as mortgage bonds were stuck trading in a tight channel between resistance and support.  If you look at the mortgage bond chart below you can see the blue lines marking the floor of support and resistance that bonds have been trading.  The mortgage bonded ended the week right at the ceiling of resistance that has held for several weeks.  The Treasuries have broken beneath a tough floor of support at 2.18% and if can fall further, would help mortgage bonds break through a tough ceiling of resistance so we are recommending FLOATING your mortgage rate to start the week. Keep Reading...

Delaware Mortgage Rates Update for August 21, 2017

Delaware Mortgage Rates Update for August 21, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Delaware 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 were able to end the week lower as mortgage bonds rebounded as the stock market declined for the 2nd straight week.  If you look at the mortgage bond chart below you can see that mortgage bonds were able to bounce off support and rally higher back to the ceiling of resistance.  Mortgage Bonds were turned lower at resistance on Friday so we are recommending LOCKING Your Delaware mortgage rate to start the week to take advantage of these record low mortgage interest rates. Keep Reading...

Mortgage Rates Weekly Update for August 14, 2017

Mortgage Rates Weekly Update for August 14, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. 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 lower last week as the US stock market sold off and moved money into mortgage bonds.  If you look at the mortgage bond chart below, you can see the trend is for bonds to move upward in price which moves mortgage interest rates lower.  Mortgage bonds touched just below the highs of 2017 which means mortgage interest rates are at the lowest they have been all year.  Mortgage bonds closed above support for the third day in the row so we are recommending FLOATING your mortgage rate to start the week. Keep Reading...

Mortgage Rates Weekly Update for August 7, 2017

Mortgage Rates Weekly Update for August 7, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. 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 about where they started as mortgage bonds sold off to end the week.  If you look at the mortgage bond chart below you can see mortgage bonds had rallied all week until Friday when the July Jobs Report was released and mortgage bonds sold off and dropped below the level of support which has been a strong ceiling of resistance for the past month.  We are recommending LOCKING your mortgage rate to start the week as mortgage bonds are again below a tight ceiling of resistance and could be pushed even lower as yields on the treasuries broke above their 50 day moving average. Keep Reading...

Mortgage Rates Weekly Update for July 31, 2017

Mortgage Rates Weekly Update for July 31, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. 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 lower than they started after failing to stay above the 50 day moving average on Monday but were able to rally to end the week just below the 50 day moving average.  If you look at the mortgage bond chart below you can see mortgage bonds are trading in a tight range between the blue lines to end the week.  It is going to be tough for bonds to break above the 50 day moving average in the short term so we are recommending LOCKING Your mortgage rate to start the week to take advantage of the rally off support on Friday for mortgage bonds. Keep Reading...