Mortgage Rates Update for November 7, 2016

John Thomas November 6, 2016 Tags: Delaware Mortgage Rates, Delaware mortgages, mortgage loans, mortgage rates

Mortgage Rates Update for November 7, 2016

Mortgage Rates update for the Week of November 7, 2016 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 finally stabilized and stopped moving higher last week as mortgage bonds found support at the 200 day moving average. If you look at the mortgage bond chart below you can see mortgage bonds sold off and were able to stabilize at the 200 day moving average which is the blue horizontal line. We are recommending FLOATING Your Mortgage Rates to Start the week to see if bonds can bounce off the support and move interest rates lower. Keep Reading...

DE Mortgage Rates Weekly Update October 31 2016

John Thomas October 29, 2016 Tags: DE Mortgage Rates, Delaware Mortgage Rates, Delaware mortgages, mortgage loans, mortgage rates

DE Mortgage Rates Weekly Update October 31, 2016

DE Mortgage Rates weekly update for the Week of October 31, 2016 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a 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 continued to sell off. If you look at the mortgage bond chart below you can see mortgage bonds sold off last week and broke through the floor of support and finally stopped at the 200 day moving average. We are recommending carefully FLOATING your DE Mortgage rate to start the week as mortgage bonds have held the 200 day moving average so we are looking for bonds to move higher and move mortgage interest rates lower. Keep Reading...

Mortgage Rates Weekly Update October 24 2016

John Thomas October 27, 2016 Tags: Delaware Mortgage Rates, Delaware mortgages, mortgage loans, mortgage rates

Mortgage Rates Weekly Update October 17, 2016

Mortgage Rates weekly update for the Week of October 24, 2016 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a 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 finally able to move slightly lower last week as mortgage bonds were able to rebound off support. If you look at the mortgage bond chart below, you can see mortgage bonds had been trading lower for last couple of weeks but were finally able to find a floor of support last week and move higher but have hit a tough ceiling of resistance that will be very difficult to break above so we are recommending LOCKING Your Mortgage Rate to start the week to lock in the slightly better rates we saw at the end of last week. Keep Reading...

DE Mortgage Rates Weekly Update 10-17-2016

John Thomas October 15, 2016 Tags: DE Mortgage Rate, DE Mortgage Rates, Delaware Mortgage Rates, Delaware mortgages, mortgage loans, mortgage rates

DE Mortgage Rates Weekly Update October 17, 2016

DE Mortgage Rates weekly update for the Week of October 17, 2016 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a 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 again last week as mortgage bonds continued to sell of as investors took profits. If you look at the mortgage bond chart below you can see mortgage bonds ended the week lower and closed below the 100 day moving average. There is still room to the downside for mortgage bonds before they hit a floor of support at the 200 day moving average so we are going to recommend starting the week LOCKING your DE mortgage rate as mortgage interest rates will probably continue to move higher in the short term. Keep Reading...

Mortgage Rates Weekly Update October 10, 2016

John Thomas October 9, 2016 Tags: Delaware Mortgage Rates, Delaware mortgages, mortgage loans, mortgage rate, mortgage rates

Mortgage Rates Weekly Update October 10, 2016

Mortgage Rates weekly update for the Week of October 10, 2016 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a 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 sold off after being turned lower by resistance. If you look at the mortgage bond chart below you can mortgage bonds sold off last week moving mortgage rates higher until finding a bottom on Friday. Bonds were able to rally off support on Friday with Green Candle so we are recommending FLOATING Your mortgage rate to start the week. Keep Reading...

Mortgage Interest Rates Update October 3, 2016

John Thomas October 2, 2016 Tags: Delaware Home Loans, Delaware Mortgage Rates, Delaware mortgages, John Thomas, Mortgage Interest Rates, mortgage rates, primary residential mortgage

Mortgage Interest Rates Update October 3, 2016

Mortgage Interest Rates update for the Week of October 3, 2016 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a 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 Interest Rates again moved to the lowest rates of the year but have stalled again at these record low interest rates. If you look at the mortgage bond chart below, you can see that mortgage bonds moved to the highs of the year and have been stalled at tough ceiling of resistance which means going to be tough for rates to move lower and very big risk of rates moving higher. Therefore we are recommending LOCKING your Mortgage Interest Rate to start the week. Keep Reading...

New Castle County ReVaMP Down Payment Program

John Thomas September 26, 2016 Tags: Delaware Down Payment Assistance, NCC ReVaMP, New Castle County Down Payment Program, New Castle County ReVaMP

New Castle County ReVaMP Down Payment Program

New Castle County ReVaMP Down Payment Program launches October 26, 2016 and is a 5 year forgivable loan of up to $5,000 for the purchase of a vacant home in designated census tracts in New Castle County Delaware. ReVaMP abbreviation for Remediating Vacancies, Making rogress Down Payment and Settlement Assistance Program. The Delaware down payment assistance program is to be used for normal and customary settlement costs and required down payment. Call 302-703-0727 for more information or to apply for the loan with New Castle County Approved Lender Partner the John Thomas Team with Primary Residential Mortgage or APPLY ONLINE Keep Reading...

Delaware Mortgage Rates 9-26-2016

John Thomas September 25, 2016 Tags: Delaware Home Loans, Delaware Mortgage Rates, Delaware mortgages, mortgage loans, mortgage rates

Delaware Mortgage Rates Weekly Update September 26, 2016

Delaware Mortgage Rates weekly update for the Week of September 26, 2016 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a 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 lower last week as mortgage bonds were able to rally higher on Wednesday after Federal Reserve left Fed Funds Rate the same. If you look at the mortgage bond chart below you can see mortgage bonds were trading at tough ceiling of resistance but were able to break higher on Wednesday through Friday. The short term trend is for mortgage bonds to move higher which would move mortgage interest rates lower. We recommend FLOATING your Delaware Mortgage Rates to start the week. Keep Reading...