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Mortgage Rates Weekly Update for April 27, 2015

John Thomas April 27, 2015 Tags: , , , ,

Mortgage Rates weekly market update for the Week of April 27, 2015, 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 have been moving up and down by about 0.25% in either direction over the last couple weeks as mortgage bonds have traded in a tight range.  If you look at the mortgage bond chart below you can see mortgage bonds have traded in a tight range bound between the two blue lines.  The longer bonds trade in this channel the more momentum for a breakout.  We are recommending FLOATING your Mortgage Rate to start the week as mortgage bonds were able to bounce off support on Friday. Keep Reading...

Mortgage Rates Weekly Update for April 13, 2015

John Thomas April 12, 2015

Mortgage Rates weekly market update for the Week of April 13, 2015, 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 bounced around last week near record lows as mortgage bonds traded in a tight trading channel.  If you look at the mortgage bond chart below you can see the two below lines on the chart created a ceiling of resistance at the top and a floor of support on the bottom.  Mortgage bonds are looking to break out of this channel and with the green candle on Friday, we are recommending FLOATING your Mortgage Rate to see if bonds can get enough momentum to break through the ceiling of resistance. Keep Reading...

Mortgage Rates Weekly Update for March 30, 2015

John Thomas March 30, 2015 Tags: , , , , , ,

Mortgage Rates weekly market update for the Week of March 30, 2015, 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 after a sell-off in the stock and bond markets on Wednesday and again on Thursday.  If you look at the mortgage bond chart below you can see the trend had been for mortgage bonds to move higher and interest rates to move lower but the trend was reversed on Wednesday as bonds sold off into Friday causing mortgage interest rates to move higher. Keep Reading...

Mortgage Rates Weekly Update for March 23, 2015

John Thomas March 23, 2015 Tags: , , , , ,
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Mortgage Rates weekly market update for the Week of March 23, 2015, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager 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 higher last week after the Federal Reserve Meeting boosted stocks and bonds higher.  If you look at the mortgage bond chart below you will see the big green candle on Wednesday which was the giant rally in the bond market after the Federal Reserve released the minutes from their meeting.  Bonds were able to close above the 50 days moving average on Friday which will add support to bonds so we are recommending FLOATING your Mortgage Rate to start the week to see if bonds can build on this rally. Keep Reading...

Mortgage Rates Weekly Update for March 16, 2015

John Thomas March 15, 2015 Tags: , , , , ,

Mortgage Rates weekly market update for the Week of March 16, 2015, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager 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 to stop moving higher last week after bonds found support.  If you look at the mortgage bond chart below, you can see that mortgage bonds were able to rally back on Monday after previous week sell-off after Jobs Report.  Bonds were able to move higher during the week which has caused the short term trend for mortgage bonds to be upward.  This could help move home loan interest rates lower in the coming week so we are recommending FLOATING your Mortgage Rate to start the week. Keep Reading...

Delaware Home Buyer Seminar April 18, 2015

John Thomas March 15, 2015 Tags: , , ,
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Delaware Home-Buyer Seminar

There will be a First Time Home Buyer Seminar on Saturday, April 18, 2015, at 10:00 AM till Noon. The seminar will last about 2 hours and each participant 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 home buyer counseling credit toward the required HUD-approved home buyer counseling required for Delaware First Time Home Buyer Programs. Keep Reading...

Delaware Home Buyer Seminar March 14 2015

John Thomas March 8, 2015 Tags: , , ,
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Delaware Home-Buyer Seminar

There will be a First Time Home Buyer Seminar on Saturday, March 14, 2015, at 10:00 AM till Noon. The seminar will last about 2 hours and each participant 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 home buyer counseling credit toward the required HUD-approved home buyer counseling required for Delaware First Time Home Buyer Programs. Keep Reading...

Mortgage Rates Weekly Update for March 9, 2015

John Thomas March 8, 2015 Tags: , , , , , ,
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Mortgage Rates weekly market update for the Week of March 9, 2015, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager 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 spiked higher on Friday after the Jobs Report was released which moved interest rates up 0.375% to 0.5%!  If you look at the mortgage bond chart below you can see mortgage bonds have been trading on a downward pattern but had tried to stabilize over the last week and find a floor of support.  But on Friday you can see a giant red candle that signals mortgage bonds had a big sell-off and dropped almost 100 basis points causing lenders to re-price mortgage rates for the worse twice in one day as mortgage bonds continued to fall throughout the day.  Bonds broke through two floors of support on Friday which will now act as resistance levels.  With the next floor of support at the 200-day moving average being still lower and the breakout trend being lower as well, we are recommending LOCKING your mortgage interest rate to start the week. Keep Reading...