Tag Delaware Home Loans

Tag Delaware Home Loans

Delaware Mortgage Rates Weekly Update December 31, 2013

John Thomas December 30, 2012 Tags: , , , , , , ,
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Delaware mortgage rates weekly mortgage market update for the week of December 31, 2012 from John R. Thomas with Primary Residential Mortgage in Newark, DE. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan. John Thomas is the Newark, Delaware Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. He provides a weekly mortgage rate market update to keep you current with what is happening with mortgage rates and the economy as a whole.

Delaware mortgage rates improved this week on the news that no deal has been reached to avert the “Fiscal Cliff”. The US Senate is meeting to see if can hash out a last minute deal. If they do we could see mortgage rates suffer in the short term and move higher. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update December 24 2012

John Thomas December 26, 2012 Tags: , , , , , , ,
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Delaware mortgage rates weekly mortgage market update for the week of December 24, 2012, from John R. Thomas with Primary Residential Mortgage in Newark, DE. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan. John Thomas is the Newark, Delaware Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. He provides a weekly mortgage rate market update to keep you current with what is happening with mortgage rates and the economy as a whole.

Delaware mortgage rates were able to move lower after a two-week run-up in mortgage rates. The mortgage bonds were able to bounce off support as “The Fiscal Cliff” talks in Washington have stalled and no clear sign that a deal will be reached before December 31, 2012. If Congress fails to act and pass a bill to deal with the Fiscal Cliff then tax rates will increase for everybody for 2013. The Healthcare Law also imposes additional taxes in 2013 and mandatory budget cuts go into effect from a deal reach in 2011 to deal with raising the debt ceiling. The Congressional Budget Office estimates this will remove about $600 billion from the economy which will put the U.S. back into a recession. Keep Reading...

Delaware Mortgage Rates Weekly Update December 17 2012

John Thomas December 17, 2012 Tags: , , , , , , ,
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Delaware mortgage rate weekly update for the week of December 17, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, DE. John is the Newark, Delaware 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 ended the week higher because of a bounce back in the stock market and supply selling pressure. The rates are still near record lows and could bounce back to record lows in the weeks to come as there is still much uncertainty in the market surrounding the pending “Fiscal Cliff” and the Debt Crisis in Europe. There is still no deal that has been reached on the “Fiscal Cliff” and time is running out for Congress to reach a comprise. If a deal is reached then that could move home loan rates higher as the stock market would rally on the news. So we need to watch carefully and if it looks like the deal may be struck then I would recommend LOCKING your Delaware mortgage rate but we can FLOAT for now. Congress has delayed its Holiday break to stay and work on a deal for the Fiscal Cliff. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update December 10 2012

John Thomas December 11, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly mortgage market update for the week of December 10, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, DE. John is the Newark, Delaware 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 ended the week last week higher as mortgage bonds sold off to end the week. The reason for the sell-off in bonds is some good news released last week on the economy.  Friday the Labor Department released the November 2012 jobs report and stated employers added 146,000 new jobs in November which was well above the predicted 90,000 jobs. The unemployment rate also ticked down to 7.7% in November which is the lowest since December 2008. Keep Reading...

Delaware Mortgage Rates Weekly Update December 3, 2012

John Thomas December 2, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly mortgage market update for the week of December 3, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, DE. John is the Newark, Delaware 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 have moved lower last week as no deal has been reached on the Financial “Fiscal Cliff” by the US Congress. The Fiscal Cliff is a series of events that will happen in 2013 if no action is taken by Congress. Here is a list of the events: Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update November 26, 2013

John Thomas November 25, 2012 Tags: , , , , , ,

Delaware mortgage rate weekly update for the week of November 26, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, DE. John is the Newark, Delaware 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 drifted higher last week as the stock market rallied. Mortgage bonds have traded in a range for the past two weeks.  We are recommending LOCKING your Delaware mortgage rate if closing in the next 15-30 days but recommend floating longer term as rates could improve by bouncing off support. Short term risk is for rates to move higher as bonds are trading below the 50 days moving average and could fall lower.  The long term outlook for mortgage rates is for staying low as the economic factors are still negative. Keep Reading...

Delaware Mortgage Rates Weekly Update November 12, 2012

John Thomas November 10, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly update for the week of November 12, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, DE. John is the Newark, Delaware 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 this week so our recommendation to float your Delaware mortgage rate lock till this week was good advice. We are recommending taking advantage of this dip lower in interest rates, so recommend LOCKING your Delaware mortgage rate.  The bond market experienced a run up at the expense of stocks after President Obama won a second term. The stock market dropped on Wednesday which allowed mortgage rates to improve as money moved into the bond market. Mortgage rates are touching all-time record lows again. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update November 5, 2012

John Thomas November 5, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly mortgage market update for the week of October 29, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, DE. John is the Newark 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 from last week and Friday were able to rebound after good news from the Jobs Report. The trading pattern on Friday showed the mortgage bond bouncing off technical support and ending the day strong which supports a pattern of the bond moving higher. So we are recommending FLOATING your Delaware mortgage rate to see if rates can go lower as the bond rises. Friday saw the October 2012 Jobs Report showing 171,000 jobs created and revised the last two months upward by 84,000. The unemployment rate actually ticked up from 7.8% to 7.9% for October 2012 even though we had an upward revision of jobs. The slight increase in unemployment is because more people started looking for work again. Keep Reading...