Tag Delaware

Tag Delaware

Mortgage Interest Rates Updates May 16, 2016

John Thomas May 15, 2016 Tags: , , , ,
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Mortgage Interest Rates Weekly Update May 16 2016

Mortgage Interest Rates weekly update for the Week of May 16, 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 remain at 3 year record lows! Now is  the best time to refinance or purchase a home in a very long time. If you look at the mortgage bond chart below you can see bond prices have been capped by the blue line since February.  Every time the bond has hit the blue line it has been turned lower which means rates would move higher so we are recommending LOCKING your mortgage interest rate at these record lows unless the bond can close above that blue line. Keep Reading...

Mortgage Interest Rates Update January 18 2016

John Thomas January 17, 2016 Tags: , , , , ,
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Mortgage Interest Rates Weekly Update January 18 2016

Mortgage Interest Rates weekly update for the Week of January 18, 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 were able to move lower last week after a big sell off in Global Stock Markets.  If you look at the mortgage bond chart below you can see that mortgage bonds have been able to trade to the upper end of the trading range which has helped improve mortgage rates.  But with mortgage bonds not able to mount more than a 19 bps rally in the face of the DOW Stock Index dropping 390 points to end the day, we are recommending LOCKING your mortgage rate to start the week.  If stocks reverse, we will see the mortgage bonds sell off and move mortgage interest rates higher. Keep Reading...

Delaware Home Buyer Seminar Feb 20 2016

John Thomas January 17, 2016 Tags: , , , , ,
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Delaware Home Buyer Seminar

There will be a Delaware Home Buyer Seminar on Saturday February 20, 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...

Mortgage Rates Weekly Update for Jan 4 2016

John Thomas January 4, 2016 Tags: , , , ,
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Mortgage Rates Weekly Update Jan 4 2016

Mortgage Rates weekly market update for the Week of January 4, 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 stabilize last week and end the week slightly lower than they started as the bond was able to hammer out a bottom and bounce higher.  If you take a look at the mortgage bond chart below from 12-31-2015 you can see mortgage bonds ended the week with a Green Candle showing bonds bouncing off support.  We are recommending starting the new year FLOATING your mortgage rate to see if bonds can continue to rally higher.  If bonds switch and sell off, we would quickly switch to a locking stance. Keep Reading...

Mortgage Rates Weekly Update Dec 21 2015

John Thomas December 20, 2015 Tags: , , , , , , ,
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Mortgage Rates Weekly Update Dec 21 2015

Mortgage Rates weekly market update for the Week of December 21, 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 were able to move lower after several weeks of moving up.  If you look at the mortgage bond chart below you can see bonds were finally able to bounce off a floor of support and move higher after several weeks of trending lower.  The short term trend is for bonds to move higher and interest rates lower but bonds are up against a tough over head ceiling of resistance so in order to continue to move higher will need to break through and close above ceiling of resistance.  With the short term trend of bonds to move higher, we are recommending FLOATING your mortgage interest rate to start the week.  But if bonds get turned lower at overhead resistance, we will quickly recommend switching to a locking stance. Keep Reading...

Mortgage Rates Weekly Update for Dec 14 2015

John Thomas December 13, 2015 Tags: , , , , , , ,
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Mortgage Rates Weekly Update for Dec 14, 2015

Mortgage Rates weekly market update for the Week of December 14, 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% over the last couple weeks as bonds have traded in a choppy fashion.  If you look at the mortgage bond chart below, you can see the up and down black arrows following the changing short term trend of the bond going up and down.  We ended the week with mortgage bonds once again bouncing off support and starting to reverse a downward trend and moving higher with the green candle on Friday.  Therefore we are recommending FLOATING your mortgage rate to start the week. Keep Reading...

Mortgage Rates Weekly Update for May 4, 2015

John Thomas May 3, 2015 Tags: , , , ,

Mortgage Rates weekly market update for the Week of May 4, 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 jumped higher to end the week last week as mortgage bonds sold off.  If you look at the mortgage bond chart below you-you can see the short term trend is now for mortgage bonds to sell off and move mortgage rates higher as shown with the blue line downward.  Mortgage bonds sold off on Friday as the US Stock Market Rallied so with the short term trend for bonds to move lower, we are recommending LOCKING your Mortgage Rate to start the week. Keep Reading...

Mortgage Rates Weekly Update for February 23, 2015

John Thomas February 24, 2015 Tags: , , , ,

Mortgage Rates weekly market update for the Week of February 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 moved lower again last week as mortgage bonds continue to sell off.  If you look at the mortgage bond chart below you can see mortgage bonds sold off on Monday to move rates higher to start the week.  Bonds have found a floor of support but have not been able to rally above a tough ceiling of resistance which is the blue line on the chart below.  If mortgage bonds can’t break above this line, then rates will not move lower.  We are recommending FLOATING your Mortgage Rate to start the week to see if bonds can rally through resistance but would quickly switch to locking if bonds begin to sell off again. Keep Reading...