Delaware Mortgage Rates weekly mortgage market update for the Week of December 1, 2014, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Newark, Delaware Branch Manager and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates were able to move lower last week as mortgage bonds rallied and broke through the ceiling of resistance.  If you look at the mortgage bond chart below, you can see mortgage bonds rallied through the ceiling of resistance which is the red line that is labeled R1 in the chart.  This line of resistance has held since October 15th so breaking above this line and closing above it last week is a very bullish sign for mortgage bonds.  We are recommending FLOATING your Delaware Mortgage Rate to start the week to see if bonds can build on the momentum they have after breaking through resistance last week. Keep Reading...

Delaware Mortgage Rates weekly mortgage market update for the Week of November 17, 2014, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Newark, Delaware Branch Manager and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates drifted lower last week as mortgage bonds traded in the lower end of the trading range.  If you view the mortgage bond chart below you will see that bonds have traded between the two blue lines over the last two weeks but ended last week at the bottom of the channel.  Thursday and Friday both closed with green candles which means bonds bounced off resistance at the bottom of the channel so short term momentum is for bonds to move higher so we recommend FLOATING Your Delaware Mortgage Rate to start the week. Keep Reading...

Delaware Mortgage Rates weekly mortgage market update for the Week of October 13, 2014, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Newark, Delaware Branch Manager and the author of the best selling book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates still hover around the all-time lows of the year but in the short term, we may see a pullback as traders will sell bonds to lock in profit.  If you look at the mortgage bond chart below you can see mortgage bonds set a record high for the year and then sold off.  The short term trend is for mortgage bonds to move higher but with bonds being at all-time record highs for the year we are recommending LOCKING in your Delaware Mortgage Rate unless you are not settling for 60 days or more as the short term risk versus reward doesn’t warrant floating. Keep Reading...