Tag Delaware Mortgage Rates

Tag Delaware Mortgage Rates

Mortgage Rates Weekly Update [February 18 2019]

John Thomas February 17, 2019 Tags: ,
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Mortgage Rates Weekly Update for February 18, 2019

Mortgage Rates Update for February 18, 2019 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware 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 slightly higher to to end the week as mortgage bonds sold off.  If you look at the mortgage bond chart below you can see mortgage bonds sold off on Monday with red candle after previous week’s run higher.  Bonds fell to the floor of support which held on Friday.  We are recommending FLOATING Your mortgage rate to start the week to see if mortgage bonds can rally higher off of support and move mortgage interest rates lower. Keep Reading...

Mortgage Rates Weekly Update [February 4 2019]

John Thomas February 3, 2019 Tags: ,
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Mortgage Rates Weekly Update for February 4, 2019

Mortgage Rates Update for February 4, 2019 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware 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 lower last week as mortgage bonds were able rally higher after a recent sell off that broke through two floors of support.  If you look at the mortgage bond chart below you can see mortgage bonds had been selling off since hitting their high on January 3rd.  Mortgage bonds finally found a floor of support on Monday January 28th which they were able to rally off of and break through ceiling of resistance. Bonds rallied up to the high of January 3rd on Thursday but retreated back lower.  Friday mortgage bonds sold off after a very strong jobs report and have room to continue to move lower so we are recommending LOCKING Your mortgage rate to start the week. Keep Reading...

Mortgage Rates Weekly Update [January 21 2019]

John Thomas January 20, 2019 Tags: ,
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Mortgage Rates Weekly Update for January 21, 2019

Mortgage Rates Update for January 21, 2019 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware 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 again last week as mortgage bonds continued to sell off and follow the down trend.  If you look at the mortgage bond chart below you can see mortgage bonds have been selling off since hitting high on January 3rd.  Mortgage bonds broke beneath support on Thursday and followed through on Friday.  Bonds ended the day on Friday falling down to the next floor of support at the 25 day moving average at 101.6875.  If stocks continue to do well, then bonds will fall through the 25 day moving average and continue to fall to the next floor of support at 101.3402.  With the short term trend for mortgage bonds to continue to move lower, we are recommending LOCKING your mortgage rate to start the week.  Borrowers should understand that the best loan pricing of the year was back on Thursday, January 3rd.  The next day the Bond market received two punches in the mouth by way of the blockbuster Jobs Report and Fed Chair Powell’s overly “dovish” and stock-market friendly speech and it has shown no signs of revisiting those January 3rd levels at this time. Keep Reading...

Mortgage Rates Weekly Update [January 14 2019]

John Thomas January 13, 2019 Tags: ,
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Mortgage Rates Weekly Update for January 14, 2019

Mortgage Rates Update for January 14, 2019 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware 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 reaching the lows not seen since last spring the previous week.  If you look at the mortgage bond chart below you can mortgage bonds reached the high point on Thursday January 3rd and then have sold off since as the stock market has rallied and pulled money out of the bond market.  Mortgage bonds did find a floor of support at 101.856 which held all last week so we are recommending FLOATING your Mortgage Rate to see if bonds can rally higher off support and mortgage mortgage interest rates lower. Keep Reading...

Mortgage Rates Weekly Update [January 7 2019]

John Thomas January 6, 2019 Tags: ,
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Mortgage Rates Weekly Update for January 7, 2019

Mortgage Rates Update for January 7, 2019 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware 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 lower again last as mortgage bonds rallied and broker through another ceiling of resistance.  If you look at the mortgage bond chart below, you can mortgage bonds have been on an upward trend since reversing course on November 8, 2018.  Bonds started the new year at the highs of 2018 as we moved into 2019.  Mortgage bonds did end the week by moving lower from the high after a very strong jobs report and ended in the middle of the trading range.  Bonds have more room to the downside before reaching a floor of support and with the stock market rallying to end the week, we are recommending LOCKING your mortgage rate to start the week to take advantage of the best mortgage interest rates seen in almost a year. Keep Reading...

Mortgage Rates Weekly Update [December 31 2018]

John Thomas December 31, 2018 Tags: ,
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Mortgage Rates Weekly Update for December 31, 2018

Mortgage Rates Update for December 31, 2018 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware 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 moved to the lows not seen since last May.  If you look at the mortgage bond chart below, you can see mortgage bonds have rallied higher since hitting the lowest point of the year on November 8, 2018.  Since then, bonds have continued higher break through each ceiling of resistance and finally breaking through the 200 day moving average which has been a ceiling of resistance bonds could not break all year.  Stocks sold off to end the week on Friday which helped mortgage bonds move higher up to the next ceiling of resistance at 101.856.  Since bonds continued to start strong even in the face of a stock market recover of a 1,000 points last week, we are recommending FLOATING your Mortgage Rate to start the week to see if bonds can break through the next ceiling and move mortgage rates even lower. Keep Reading...

Mortgage Rates Weekly Update [December 24 2018]

John Thomas December 24, 2018 Tags: ,
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Mortgage Rates Weekly Update for December 24, 2018

Mortgage Rates Update for December 24, 2018 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware 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 move to the lows not seen since the spring of 2018 as bonds have benefited from a sell off in the stock market.  If you look at the mortgage bond chart below, you can see bonds broke through the 200 day moving average last Tuesday which was a very significant ceiling of resistance.  Bonds stayed above the 200 day moving average all week so it is now a very good floor of support for bonds.  Monday stocks are expected to continue to sell off as a relief rally has not been evident and a strong floor of support for stocks is still lower.  We are recommending FLOATING Your mortgage rate into holiday as bonds should benefit from a continued sell off in stocks,  If stocks find a floor of support and mount a rally we quickly switch to locking your mortgage rate. Keep Reading...

Mortgage Rates Weekly Update [December 3 2018]

John Thomas December 2, 2018 Tags: ,
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Mortgage Rates Weekly Update for December 3, 2018

Mortgage Rates Update for December 3, 2018 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. John Thomas is the Branch Manager, a Delaware 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 moved lower last week after mortgage bonds were finally able to break above the 50 day moving average.  If you look at the mortgage bond chart below, you can see mortgage bonds broke through the 50 day moving average on Tuesday and rallied higher the rest of the week ending on Friday with a Green Candle.  Mortgage bonds are now trading in the middle of a wide trading range between the 50 day moving average acting as a support and a ceiling of resistance at 100.914.  Bonds are still in overbought territory and any follow through to the downside could move rates higher as they move back down toward the 50 day moving average.  We are recommending carefully FLOATING your mortgage rate to see if bonds can make a run at resistance and move rates even lower but if we get a negative crossover signal we would switch to locking right away. Keep Reading...