Mortgage Rates Weekly Updates [August 14 2017]

John Thomas August 13, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for August 14, 2017

Mortgage Rates Weekly Update for August 14, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. 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 the US stock market sold off and moved money into mortgage bonds. If you look at the mortgage bond chart below, you can see the trend is for bonds to move upward in price which moves mortgage interest rates lower. Mortgage bonds touched just below the highs of 2017 which means mortgage interest rates are at the lowest they have been all year. Mortgage bonds closed above support for the third day in the row so we are recommending FLOATING your mortgage rate to start the week. Keep Reading...

Mortgage Rates Weekly Update [August 7 2017]

John Thomas August 6, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for August 7, 2017

Mortgage Rates Weekly Update for August 7, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. 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 ended the week about where they started as mortgage bonds sold off to end the week. If you look at the mortgage bond chart below you can see mortgage bonds had rallied all week until Friday when the July Jobs Report was released and mortgage bonds sold off and dropped below the level of support which has been a strong ceiling of resistance for the past month. We are recommending LOCKING your mortgage rate to start the week as mortgage bonds are again below a tight ceiling of resistance and could be pushed even lower as yields on the treasuries broke above their 50 day moving average. Keep Reading...

Mortgage Rates Weekly Update [July 31 2017]

John Thomas July 29, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for July 31, 2017

Mortgage Rates Weekly Update for July 31, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. 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 ended the week lower than they started after failing to stay above the 50 day moving average on Monday but were able to rally to end the week just below the 50 day moving average. If you look at the mortgage bond chart below you can see mortgage bonds are trading in a tight range between the blue lines to end the week. It is going to be tough for bonds to break above the 50 day moving average in the short term so we are recommending LOCKING Your mortgage rate to start the week to take advantage of the rally off support on Friday for mortgage bonds. Keep Reading...

Mortgage Rates Update for May 29, 2017

John Thomas May 27, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Update May 29, 2017

Mortgage Rates Update May 29, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. 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 ended the week about where they started as mortgage bonds have been trading in a tight range. Looking at the mortgage bond chart below you can see mortgage bonds have been hovering near the highs for the year as bonds have been trading between a tight ceiling of resistance and floor support. With mortgage bonds trading near the highs of 2017, we are recommending LOCKING Your mortgage rate to start the week to take advantage of the lowest interest rates of the year so far. Keep Reading...

Mortgage Rates Weekly Update for May 8 2017

John Thomas May 6, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for May 8, 2017

Mortgage Rates Weekly Update for May 8, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. 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 ended the week lower as mortgage bonds sold off to end the week. If you look at the mortgage bond chart below you can see mortgage bonds have been trading in a seesaw pattern as bonds bounce off support and are pushed lower by resistance. Mortgage bonds ended this week at the bottom on the trading pattern stopping right at support. We are recommending LOCKING your mortgage rate as mortgage bonds have a tough ceiling of resistance overhead and if break below support have a good way to go lower and move mortgage interest rates higher. Keep Reading...

Mortgage Rate Weekly Update for April 24, 2017

John Thomas April 24, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rate Weekly Update for April 24, 2017

Mortgage Rate Weekly Update for April 24, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. 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 ended the week about where they started which is almost the lows for the 2017. If you look at the mortgage bond chart below you can see mortgage bonds have rallied higher since hitting the lows of the year in the middle of March. Mortgage bonds are now at a very tough ceiling of resistance which they failed to break and stay above this week which means going to be tough for bonds to move higher from here and move mortgage interest rates lower. We are recommending LOCKING Your mortgage rate to start the week as mortgage rates are at lows for 2017 and could move higher in the short terms if mortgage bonds sell off. Keep Reading...

Mortgage Rates Weekly Update for April 10 2017

John Thomas April 10, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for April 10, 2017

Mortgage Rates Weekly Update for April 10, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. 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 ended the week slightly higher after failing to move lower on Friday. If you look at the mortgage bond chart below you can see mortgage bonds moved higher on Monday and then traded sideways until Friday. Bonds made a run at tough overhead resistance on Friday but were turned lower and ended the week down with the red candle on Friday. We are recommending very carefully FLOATING your mortgage rate to start the week to see if bonds can make another run at tough overhead ceiling of resistance but be on guard because last time failed to break above resistance bonds switch trading pattern to selling off and moving interest rates higher. Keep Reading...

Mortgage Rates Weekly Update for March 20 2017

John Thomas March 19, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for March 20, 2017

Mortgage Rates Weekly Update for March 20, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. 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 as mortgage bonds were able to rebound last week after the Federal Reserve raised their Fed Funds Rate. If you look at the mortgage bond chart below you can see mortgage bonds were able to bounce off multi-year lows after Fed Hike and now have hit a tough ceiling of resistance. We are looking to see if we can repeat the trend from the December Rate Hike where bonds rallied higher so we recommend FLOATING Your mortgage rate to start the week to see if mortgage bonds can rally and break above resistance. Keep Reading...