Delaware Mortgage Rates weekly update for the Week of July 7, 2014, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Newark, Delaware Branch Manager and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates moved higher last week as the labor market showed signs of improvement and the stock market continued to rally. If you look at the mortgage bond chart below, you can see the red candles down all week which showed mortgage bonds selling off and interest rates moving higher. We recommend “Locking” your Delaware Mortgage Rate last week in our update so hopefully, you took our advice as mortgage rates did indeed move higher. We are now recommending FLOATING your Delaware Mortgage Rate to start the week as the Jobs Report is behind us and mortgage bonds could find a floor of support. We saw a “Hammer” Technical signal on Friday which could signal bonds are “oversold” and could mean a reversal in the bond is forming. Keep Reading...

Delaware Mortgage Rates weekly update for the Week of June 16, 2014, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Newark, Delaware Branch Manager and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates were able to stabilize last week after a run higher of the last couple of weeks. Mortgage Rates appear to be ready for a move lower as mortgage bonds have a technical trading pattern that is predicting a bounce off recent lows and to move higher. As mortgage bonds move higher, interest rates will move lower. We are recommending FLOATING your Delaware Mortgage Rate to start the week to see if bonds can follow through this week on the technical patterns that are predicting a move higher in bonds and lower in rates. Keep Reading...

Delaware Mortgage Rates weekly update for the Week of June 9, 2014, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Newark, Delaware Branch Manager and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates moved higher as last week started but were able to rebound back to unchanged levels so mortgage rates essentially ended the week about where they started. If you look at the mortgage bond chart below you can see the short term trend at the beginning of the week was for bonds to sell off and move rates higher but we were able to find a bottom on Wednesday and rebound into the Jobs Report on Friday. Bonds were able to hold after the Jobs Report so we are going to recommend starting the week FLOATING your Delaware Mortgage Rate. Keep Reading...