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Delaware Mortgage Rates Weekly Mortgage Market Update for April 29, 2013

John Thomas April 28, 2013 Tags: Delaware Home Loans, Delaware Mortgage Rates, Delaware mortgages, Delaware Real Estate, Delaware Refinance, John Thomas, mortgage loans, primary residential mortgage

Delaware mortgage rate weekly mortgage market update for the week of April 29, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan.

Delaware mortgage rates moved back to the all-time historic lows on Friday as mortgage bonds jumped higher after the Gross Domestic Product (GDP) for the first quarter of 2013 came in worse than expected at 2.5% versus expectations of about 3.1%. As you can see from the Mortgage Bond Chart below, mortgage bonds rallied to end the week and set an upward trend for the bond. This will allow us to recommend cautiously FLOATING your Delaware mortgage rate to start the week. But locking anything closing in the next 30 days may be prudent. Keep Reading...

Delaware Mortgage Rates Weekly Market Update for April 22, 2013

John Thomas April 21, 2013 Tags: Delaware Home Loans, Delaware Mortgage Rates, Delaware mortgages, Delaware Real Estate, Delaware Refinance, John Thomas, mortgage loans, primary residential mortgage

Delaware mortgage rate weekly mortgage market update for the week of April 22, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan.

Delaware mortgage rates remained at all-time record lows last week as mortgage bonds traded in a tight trading range near all-time record highs for the bond. We are recommending LOCKING your Delaware mortgage rate if closing in the next 30 days to start the week as rates are at record lows but bonds could sell off and move rates higher. If closing more than 30 days you can start the week cautiously FLOATING your interest rate but would quickly switch to a locking stance if bond breaks below the 200 days moving average. If you look at the bond chart below you can see that bonds traded in a narrow range and ended the week almost where they started. As long as the bond stays above the 200 day moving average rates will stay where they are but if breaks below the 200 days moving average could have sell off and rates could move higher fast. If you have been waiting to refinance your Delaware mortgage loan, now is the time to do it before rates move higher. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update for April 15, 2013

John Thomas April 14, 2013 Tags: Delaware Home Loans, Delaware Mortgage Rates, Delaware Real Estate, Delaware Refinance, John Thomas, mortgage loans, primary residential mortgage

Delaware mortgage rate weekly mortgage market update for the week of April 15, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan.

Delaware mortgage rates moved higher at the beginning of last week but were able to rebound and move back toward some of the lowest rates of the year for 2013. As you can see in the Bond Chart below, mortgage bonds sold off to the start the week but were able to bounce off support on Thursday and ended the week almost back to the high for the year for mortgage bonds. We recommend carefully FLOATING to start the day Monday as mortgage bonds are at the best levels of the year and could fall lower causing home loan rates to move higher. Keep Reading...

Delaware Mortgage Rates Weekly Update for April 8, 2013

John Thomas April 7, 2013 Tags: Delaware Home Loans, Delaware Mortgage Rates, Delaware Refinance, John Thomas, mortgage loans, mortga\ges, primary residential mortgage

Delaware mortgage rate weekly mortgage market update for the week of April 8, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan.

Delaware mortgage rates improved last week by dropping lower after the mortgage bond market was able to mount a rally last week from a string of poor economic reports. If you look at the bond chart below you can see mortgage bonds started the week with a rally on Monday, rallied again on Thursday and jumped up the line of resistance on Friday to end the week at almost the best level of the year. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update for March 25, 2013

John Thomas March 25, 2013 Tags: Delaware Home Loans, Delaware Mortgage Rates, Delaware Real Estate, Delaware Refinance, John Thomas, mortgage loans, mortga\ges, primary residential mortgage

Delaware mortgage rate weekly mortgage market update for the week of March 25, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan.

Delaware mortgage rates were able to improve last week as the mortgage bond market continue the rally from the previous. You can see on the chart below that mortgage bonds have traded in a tight channel since the big sell-off in January. We are recommending FLOATING your Delaware mortgage rate to start the week to see if mortgage bonds can move higher and test the resistance at the 200 days moving average. If bonds open on Monday and make a move lower then we will switch to a LOCKING stance. Keep Reading...

Delaware Mortgage Rate Weekly Update for March 18, 2013

John Thomas March 18, 2013 Tags: Delaware Home Loans, Delaware Mortgage Rates, Delaware mortgages, Delaware Real Estate, Delaware Refinance, John Thomas, mortgage loans, mortga\ges, primary residential mortgage

Delaware mortgage rate weekly update for the week of March 18, 2013, by John Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan.

Delaware mortgage rates were able to move slightly lower last week from hitting the highest level since August 2012 on Monday. Mortgage bonds were able to bounce off support on Tuesday moved higher to end the week as you can see from the Bond Chart below. Mortgage bonds have a long way to go in order to recover back to levels seen before the big sell-off. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update for March 11, 2013

John Thomas March 10, 2013 Tags: Delaware Home Loans, Delaware Mortgage Rates, Delaware Real Estate, Delaware Refinance, John Thomas, mortgage loans, mortga\ges, primary residential mortgage

Delaware mortgage rates weekly mortgage market update for the week of March 11, 2013, by John Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan.

Delaware mortgage rates moved sharply higher last week to end the week as the Stock Market set another all-time record high! If you look at the mortgage bond chart below you can see that mortgage bonds sold off for the last 6 days in a row moving money out of bonds into stocks. The downward trend in mortgage bonds has resumed as you can see from the arrow. We are recommending very cautiously FLOATING your Delaware mortgage rate to start the week as the damage has already been done. If mortgage bonds can’t recover on Monday morning then we will quickly switch to LOCKING stance. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update for March 4, 2013

John Thomas March 3, 2013 Tags: Delaware Home Loans, Delaware Mortgage Rates, Delaware Real Estate, Delaware Refinance, John Thomas, mortgage loans, mortga\ges, primary residential mortgage

Delaware mortgage rate weekly mortgage market update for the week of March 4, 2013, by John Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan.

Delaware mortgage rates were finally able to stop moving higher and improve slightly to end the week last Friday. If you look at the chart you can see mortgage bonds had a big rally on Monday to start the week with the big green candlestick. This rally was fueled by a big drop in the stock market. Mortgage bonds were able to continue an upward trend for the rest of the week which helped home loan rates improve. We are recommending LOCKING your Delaware mortgage rate to start the week as mortgage bonds have been capped at the 200-day moving average and if fail to break above it could sell off again and rates could move higher. Keep Reading...

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