Mortgage Rates Update Sept 19 2016

John Thomas September 18, 2016 Tags: Delaware Home Loans, Delaware Mortgage Rates, Delaware mortgages, mortgage loans, mortgage rates

Mortgage Rates Weekly Update September 19, 2016

Mortgage Rates weekly update for the Week of September 19, 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 able to rebound last week and move lower to end the week after moving higher the previous week. If you look at the mortgage bond chart below for Fannie Mae 3.5% bond you will see that mortgage bonds had been selling off but were able to hit a floor of support Tuesday and then Rally off that support on Wednesday which moved mortgage interest rates lower. We are recommending FLOATING your Mortgage Rates to start the week. Keep Reading...

Delaware Mortgage Rate Sept 5 2016

John Thomas September 5, 2016 Tags: Delaware Home Loans, Delaware Mortages, mortgage loans, mortgage rate, mortgage rates

Delaware Mortgage Rate Update September 5, 2016

Delaware Mortgage Rate weekly update for the Week of September 5, 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 ended the week slightly Higher than they started as mortgage bonds ended the week down after a disappointing August 2016 Jobs Report. If you look at the mortgage bond chart below you can see the red candle on Friday that shows long upward thin line. The thin red line upward showed mortgage bonds had rallied initially after jobs report but quickly switched and sold off as the stock market rallied. Mortgage bonds have been caught between the converging 50 day moving average and the 25 day moving average and are looking to make a break out either up or down. We recommend FLOATING Your Delaware Mortgage Rate to start the week to see if mortgage bonds can break higher. Keep Reading...

Mortgage Rate Update August 29 2016

John Thomas August 28, 2016 Tags: Delaware Home Loans, Delaware Mortgage Rates, Mortgage Interest Rates, mortgage rates

Mortgage Rate Update August 29 2016

Mortgage Rate weekly update for the Week of August 28, 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 Rate ended the week lower as the mortgage bonds sold off on Friday after Fed Reserve statement about future of raising short term interest rates. If you look at the mortgage bond chart below you can see the long red candle on Friday which shows the bond selling off and closing below the 50 day moving average and at the bottom of the sideways channel it has been trading in for the last couple of weeks. We recommend LOCKING your mortgage rate to start the week as the bond has broken beneath support and will need to rally above the blue line in the chart to have upward momentum to move interest rates lower. Keep Reading...

Mortgage Interest Rates Update Aug 22 2016

John Thomas August 20, 2016 Tags: Delaware Mortgage Rates, Delaware mortgages, Mortgage Interest Rates

Mortgage Interest Rates Update August 22 2016

Mortgage Interest Rates weekly update for the Week of August 22, 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 Rate – Lock or Float?

Mortgage Interest Rates ended the week about where they started after rallying mid week to sell off on Friday. If you look at the mortgage bond chart below, you can see mortgage bonds have been trading in a tight sideways patter since the beginning of August trading between the blue lines on the chart. The bond closed Friday below the 50 day moving average which and the technical pattern are signalling a sell signal. If bonds continue to sell off this week then we will see mortgage interest rates continue to move higher, so we are recommending LOCKING Your Mortgage Interest Rate to start the week. Keep Reading...

Mortgage Rate Weekly Update Aug 15 2016

John Thomas August 14, 2016 Tags: Delaware Mortgage Rates, mortgage rate, mortgage rates

Mortgage Rate Weekly Update August 15 2016

Mortgage Rate weekly update for the Week of August 15, 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 able to move lower last week as mortgage bonds once again were able to break above the 25 day moving average. If you look at the mortgage bond chart below, you can see mortgage bonds sold off the previous Friday after the Jobs Report was released for July 2016 but bonds were able to find a floor of support on Monday and move higher throughout the week. Bonds were able to rally higher above the 25 day moving average so we are recommending FLOATING your mortgage rate to start the week to see if mortgage bonds can continue to rally and move mortgage interest rates even lower. Keep Reading...

Mortgage Rates Update August 8 2016

John Thomas August 9, 2016 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Update August 8 2016

Mortgage Rates weekly update for the Week of August 8, 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 on Friday after the Jobs Report for July 2016 was released by Labor Department. If you look at the chart below you can see mortgage bonds ended the day lower on Friday with the red candle and closed below the 25 day moving average. The short term trend is for bonds to move higher so we are recommending carefully FLOATING your mortgage rate to start the week. If mortgage bonds can close above the 25 day moving average they could run higher and move mortgage rates back to all time record lows. Keep Reading...

Mortgage Interest Rate Weekly Update May 23, 2016

John Thomas May 23, 2016 Tags: Delaware Home Loans, Delaware Mortgage Rates, Mortgage Interest Rate, mortgage loans, mortgage rates

Mortgage Interest Rate Weekly Update May 23 2016

Mortgage Interest Rate weekly update for the Week of May 23, 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 moved higher last week as mortgage bonds sold off as Federal Reserve announced that are looking to hike the Feds Funds Rate in June 2016. If you look at the mortgage bond chart below you can see the sell off in bonds last week. Bonds were able to find support at the 100 day moving average and may be ready to make a move higher which would move interest rates lower. Therefore we are recommending FLOATING Your mortgage rate to start the week. Keep Reading...

Delaware Home Buyer Seminar June 18 2016

John Thomas May 22, 2016 Tags: Delaware First Time Home Buyer, delaware home buyer seminar, home buyer class, Home Buyer Workshop

Delaware Home Buyer Seminar

There will be a Delaware Home Buyer Seminar on Saturday June 18, 2016 at 10:00 AM till Noon. The seminar will last about 2 hours and each participate will be able to receive a copy of their credit report. The seminar will cover all of the basics of buying a home in Delaware. The seminar will cover FHA loans, VA loans, USDA Rural Housing Loans, First Time Home Buyer Loan Programs and the FHA 203k Rehab loans.

The Seminar is sponsored by The Neighborhood House so each participant will receive Delaware home buyer counseling credit toward the required HUD approved home buyer counseling required for Delaware First Time Home Buyer Programs such as Delaware State Housing Authority, New Castle County, City of Newark, City of Dover, and City of Wilmington. Keep Reading...