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Mortgage Rates Weekly Update [March 12 2018]

John Thomas March 11, 2018 Tags: ,
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Mortgage Rates Weekly Update for March 12, 2018

Mortgage Rates Update for March 12, 2018 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 slightly higher than where they started as mortgage bonds were turned lower after failing to break through the 25 moving average.  If you look at the mortgage bond chart below you can see mortgage bonds continue to trade in a sideways pattern and ended the day on Friday near the bottom of the channel.  US Treasuries ended the day at 2.90% just  beneath resistance at 2.908%.  If yields move above this level it will cause mortgage bonds to continue to sell off and move mortgage interest rates even higher; therefore, we are recommending LOCKING Your mortgage interest rate to start the week. Keep Reading...

Mortgage Rates Weekly Update [March 5 2018]

John Thomas March 5, 2018 Tags: ,
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Mortgage Rates Weekly Update for March 5, 2018

Mortgage Rates Update for March 5, 2018 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 after sell off in mortgage bonds on Friday to end the week.  If you look at the mortgage bond chart below you can see mortgage bonds moved higher during the week but were turned lower at the 25 moving average and sold off after talk of tariffs on steel imports.  The long term trend for mortgage bonds is to continue to sell off and move lower which will move mortgage interest rates higher; therefore, we are recommending LOCKING your mortgage rate to start the week. Keep Reading...

Mortgage Rates Weekly Update [February 26 2018]

John Thomas February 27, 2018 Tags: ,
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Mortgage Rates Weekly Update for February 26, 2018

Mortgage Rates Update for February 26, 2018 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 have been stuck bouncing slightly higher and slightly lower for the last two weeks as mortgage bonds are stuck in a sideways trading pattern.  If you look at the mortgage bond chart below, you can see mortgage bonds have been bouncing off support which is the blue line in the graph and being turned lower from a tough ceiling of resistance which creates a sideways trading pattern.  The long term trend is still for mortgage bonds to move lower but in the short term we can float to see if mortgage bonds can move higher and break above this trading channel which will be good for mortgage interest rates.  We are recommending FLOATING Your mortgage rate to start the week. Keep Reading...

Mortgage Rates Weekly Update [February 19 2018]

John Thomas February 19, 2018 Tags: ,
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Mortgage Rates Weekly Update for February 19, 2018

Mortgage Rates Update for February 19, 2018 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 finally stabilize last week after mortgage bonds found a floor of support.  If you look at the mortgage bond chart below you can see mortgage bonds were able to bounce higher off a floor a off support (Blue Horizontal line) and end the week higher just below a ceiling of resistance.  We are recommending FLOATING your mortgage rate to start the week to see if mortgage bonds can continue to rally break through the ceiling of resistance which would move mortgage interest rates lower.  The long term trend is still for mortgage rates to move higher but in the short term we might be able to catch a slight improvement in interest rates by floating.  If mortgage bonds switch course and break below the support from last week, we will quickly switch to a locking stance. Keep Reading...

Mortgage Rates Weekly Update [February 5 2018]

John Thomas February 4, 2018 Tags: ,
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Mortgage Rates Weekly Update for February 4, 2018

Mortgage Rates Update for February 4, 2018 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 sharply higher again last week as mortgage bonds sold off all week.  If you look at the mortgage bond chart below you can see mortgage bonds continued the downward trend and bonds broker below another floor of support as US Treasury rates continue to move higher.  We are recommending LOCKING your mortgage rate as mortgage bonds have more room to move downward which would move mortgage interest rates higher. Keep Reading...

Mortgage Rates Weekly Update [January 29 2018]

John Thomas January 29, 2018 Tags: ,
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Mortgage Rates Weekly Update for January 29, 2018

Mortgage Rates Update for January 29, 2018 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 lower as mortgage bonds broke below support on Friday to end the week.  If you look at the mortgage bond chart below you can see mortgage bonds traded sideways most of the week but broke through support on Friday as the Stock Market continues to rally.  We are recommending LOCKING your mortgage rate until mortgage bonds can find a floor of support.  Long term outlook is for mortgage interest rates to continue to move up throughout 2018 as the bond market looks to turn to a bear market.  If Treasury yields continue to rise it will force mortgage bond prices to fall which will move mortgage rates higher. Keep Reading...

Mortgage Rates Weekly Update [January 22 2018]

John Thomas January 22, 2018 Tags: ,
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Mortgage Rates Weekly Update for January 22, 2018

Mortgage Rates Update for January 22, 2018 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 higher last week as mortgage bonds fell through floor of support and sold off as the stock market continued to rally.  If you look at the mortgage bond chart below you can see mortgage bonds broke beneath the floor of support and continued the trend for mortgage bonds to move lower which is moving mortgage interest rates higher.  We are recommending LOCKING Your mortgage rate until mortgage bonds can find a firm floor of support. Keep Reading...

Mortgage Rates Weekly Update [January 15 2018]

John Thomas January 15, 2018 Tags: ,
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Mortgage Rates Weekly Update for January 15, 2018

Mortgage Rates Update for January 15, 2018 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 higher last week as mortgage bonds broke through support and the stock market rallied to new record highs.  If you look at the mortgage bond chart below you can see mortgage bonds broke below support  on Tuesday with the giant red candle.  Bonds were able to find a floor of support on Wednesday and tested the floor again on Friday before recovering.  We are recommending FLOATING Your mortgage rate to start the week to see if bonds can rally off the floor of support and move mortgage interest rates lower but if bonds fall below the floor of support, we will quickly switch to a locking stance as mortgage bonds would have a long way to run down before next floor of support. Keep Reading...