Delaware Mortgage Rates weekly market update for the Week of September 30, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John Thomas is the Newark, Delaware Mortgage 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 continued to improve this week as a government shut looms over the Federal Debt Limit. If you look at the mortgage bond chart below you can see mortgage bonds have had a big rally higher since hitting the all-time low for the year at the beginning of September. Mortgage bonds have rallied higher on the Federal Reserve continuing their asset purchase program QE3 with no tapering and the fight going on in US Congress over raising the debt limit. The uncertainty has helped boost mortgage bonds and has moved home loan rates considerably lower. We are recommending FLOATING your Delaware mortgage rate to start the week as the short term trend is for bonds to move higher and home loan rates to move lower. Keep Reading...

Delaware Mortgage Rates weekly market update for the week of September 23, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John Thomas is the Newark, Delaware Mortgage 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 dropped lower by about 0.25% after the Federal Reserve announced on Wednesday that they would not start tapering their asset purchase program called QE3. The mortgage bond market surged higher on the news and caused home loan rates to drop back lower by about 0.25%. If you look at the mortgage bond chart below you can see the big green candle on Wednesday which was the biggest one day gain since August 2011. We are recommending LOCKING your Delaware Mortgage Rate to start the week as mortgage bonds are up against a tough layer of resistance to move any higher. Keep Reading...

Delaware Mortgage Rates weekly market update for the week of September 16, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John Thomas is the Newark, Delaware Mortgage 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 moved lower from the previous week as mortgage bonds built on the momentum from a poor jobs report for August. If look at the mortgage bond chart below you can see mortgage bonds jumped higher on Monday and then traded in a tight range for the rest of the week ending the week almost on Monday’s high. We are recommending FLOATING your Delaware Mortgage Rate to start the week to see if bonds can continue to rally on the poor economic reports that came out on Friday but the big event this week to watch is the Federal Open Market Committee meeting on September 18th. Keep Reading...

Delaware Mortgage Rates weekly market update for the week of September 2, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John Thomas is the Newark, Delaware Mortgage Branch Manager and the author of the 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 rallied at the beginning of the week and moved lower but the rally faded to end the week as mortgage bonds met tough resistance at the 25-day moving average and a falling trend line.  If you look at the mortgage bond chart below you can see there was a big rally on Monday in the bond market as the threat of military action in Syria loomed. The instability in the Middle East caused money to move out of the stock market into the bond market during the week but a better than expected reading on GDP caused the bond market to lose steam and sell off to end the week.  With the 25 moving average as a tough ceiling of resistance for mortgage bonds, we are recommending LOCKING your Delaware mortgage rate to start the week. If you are not closing for 60 to 180 days then you can FLOAT to see how the market plays out. Keep Reading...