Delaware Mortgage Rates weekly update for the Week of May 19, 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 ended the week at lows not seen since November 2013. If you look at the mortgage bond chart below you can see mortgage bonds hit highs from October 2013 on Thursday but then sold off and are hanging at support. We are recommending FLOATING your Delaware Mortgage Rate to start the week as long as bonds remain above the level of support. If bonds drop below support we will quickly switch to a locking stance. Keep Reading...

Delaware Mortgage Rates weekly mortgage rate update for the Week of May 12, 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 moved to the lowest rates we have seen since October 2013 as the stock market stalls and tension overseas move money into bond markets. If you look at the mortgage bond chart below you can see mortgage bonds hit highs not seen since October 2013 last Thursday.  As mortgage bonds move up in price, the interest rates moved down. We recommend LOCKING your Delaware Mortgage Rate to take advantage of the lowest rates we have seen all year. The risk is that rates could move higher not lower in the short term as traders book in profits on the recent run-up in bond prices. Keep Reading...

Delaware Mortgage Rates weekly market update for the Week of March 31, 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 bounced off support. If you look at the mortgage bond chart below you can see after a big sell-off on previous Wednesday, mortgage bonds found a floor of support and they were able to rally higher last week moving Delaware mortgage rates lower. We are going to recommend FLOATING your Delaware Mortgage Rate to start the week to see if mortgage bonds can continue the short term trend of rallying higher. Keep Reading...

Delaware Mortgage Rates weekly mortgage market rate update for the Week of March 24, 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 Spike higher last week after the Federal Reserve Policy Statement was released on Wednesday. If you look at the mortgage bond chart below you can see the big red candle on Wednesday showing the mortgage bonds selling off after Fed Statement released. The bond found support on Thursday and Friday mortgage rates were able to keep from rising even higher. We recommend FLOATING your Delaware Mortgage Rate to start the week to see if bonds can hold and bounce higher after a big sell-off and move rates lower. Keep Reading...