Mortgage Rates Weekly Update May 22 2017

John Thomas May 21, 2017 Tags: mortgage rates

Mortgage Rates Weekly Update May 22, 2017

Mortgage Rates Weekly Update May 22, 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 slightly higher than where they started after mortgage rates hit the lows for the last 6 months. If you look at the mortgage bond chart below you can see mortgage bonds rallied last week until hitting ceiling of resistance on Thursday and being turned lower which moved rates higher after hitting 6 month lows. We are recommending LOCKING Your mortgage rate to start the week to take advantage of record low rates for 2017. Keep Reading...

Mortgage Rate Update for May 15 2017

John Thomas May 14, 2017 Tags: mortgage rates

Mortgage Rate Update for May 15, 2017

Mortgage Rate Update for May 15, 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 higher last week as mortgage bonds broke through support and moved lower. If you look at the mortgage bond chart below you can see mortgage bonds broke below support that held last week and moved lower to test the next level of support. Friday mortgage bonds were able to bounce off support and rally higher so we are recommending FLOATING your mortgage rate to start the week to see if bonds can continue to rally and move interest rates lower. Keep Reading...

DSHA Advantage 4 Grant Down Payment Program

John Thomas May 10, 2017 Tags: Advantage 4 Grant

DSHA Advantage 4 Grant Down Payment Program

(DSHA Advantage 4 Grant NO LONGER AVAILABLE!!!)

The DSHA Advantage 4 Grant down payment assistance program is a grant of up to 4% of the first mortgage loan amount to be used for down payment and/or closing costs for Delaware home buyers that qualify for a DSHA first mortgage loan. The program was discontinued by DSHA in May of 2018 and replaced with the DSHA Preferred Plus Down Payment Program. The grant Does Not have to be paid back after closing on the home purchase and is only offered by a Delaware State Housing Authority approved mortgage lender. You can apply for the Advantage 4 Grant Program by calling 302-703-0727 or APPLY ONLINE
Keep Reading...

Mortgage Rates Weekly Update for May 8 2017

John Thomas May 6, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for May 8, 2017

Mortgage Rates Weekly Update for May 8, 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 as mortgage bonds sold off to end the week. If you look at the mortgage bond chart below you can see mortgage bonds have been trading in a seesaw pattern as bonds bounce off support and are pushed lower by resistance. Mortgage bonds ended this week at the bottom on the trading pattern stopping right at support. We are recommending LOCKING your mortgage rate as mortgage bonds have a tough ceiling of resistance overhead and if break below support have a good way to go lower and move mortgage interest rates higher. Keep Reading...

Mortgage Rate Weekly Update for April 24, 2017

John Thomas April 24, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rate Weekly Update for April 24, 2017

Mortgage Rate Weekly Update for April 24, 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 which is almost the lows for the 2017. If you look at the mortgage bond chart below you can see mortgage bonds have rallied higher since hitting the lows of the year in the middle of March. Mortgage bonds are now at a very tough ceiling of resistance which they failed to break and stay above this week which means going to be tough for bonds to move higher from here and move mortgage interest rates lower. We are recommending LOCKING Your mortgage rate to start the week as mortgage rates are at lows for 2017 and could move higher in the short terms if mortgage bonds sell off. Keep Reading...

Mortgage Rates Weekly Update for April 10 2017

John Thomas April 10, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for April 10, 2017

Mortgage Rates Weekly Update for April 10, 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 slightly higher after failing to move lower on Friday. If you look at the mortgage bond chart below you can see mortgage bonds moved higher on Monday and then traded sideways until Friday. Bonds made a run at tough overhead resistance on Friday but were turned lower and ended the week down with the red candle on Friday. We are recommending very carefully FLOATING your mortgage rate to start the week to see if bonds can make another run at tough overhead ceiling of resistance but be on guard because last time failed to break above resistance bonds switch trading pattern to selling off and moving interest rates higher. Keep Reading...

Mortgage Rates Weekly Update for March 20 2017

John Thomas March 19, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for March 20, 2017

Mortgage Rates Weekly Update for March 20, 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 as mortgage bonds were able to rebound last week after the Federal Reserve raised their Fed Funds Rate. If you look at the mortgage bond chart below you can see mortgage bonds were able to bounce off multi-year lows after Fed Hike and now have hit a tough ceiling of resistance. We are looking to see if we can repeat the trend from the December Rate Hike where bonds rallied higher so we recommend FLOATING Your mortgage rate to start the week to see if mortgage bonds can rally and break above resistance. Keep Reading...

Mortgage Rates Weekly Update for March 13, 2017

John Thomas March 12, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Update for March 13, 2017

Mortgage Rates Update for March 13, 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 jumped higher last week to the highs seen in mid December as the improving economy and higher inflation caused mortgage bonds to sell off. If you look at the mortgage bond chart below you can see mortgage bonds broke through floor of support on Wednesday and sold off to find support at the lows seen in December. Since mortgage bonds were able to rally off support on Friday we are recommending FLOATING your mortgage rate to start the week to see if bonds can recover. Keep Reading...