Tag Delaware Mortgage Rates

Tag Delaware Mortgage Rates

Delaware Mortgage Rates Weekly Update August 6, 2012

John Thomas August 5, 2012 Tags: , , , , , , , , ,

Delaware mortgage rate weekly update for the week of August 6, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 ended the week last week higher as the stock market rallied on some “good” economic news that was reported on Friday. We saw the Labor Department release the July 2012 Jobs Report which showed 163,000 jobs were added well above the 100,000 expected. This news was enough to cause a big rally in the stock market and pulled money out of the bond market which causes Delaware home loan rates to increase on Friday. Even with this good news we still saw the unemployment number rise from 8.2% to 8.3%. This is the 42nd straight month the unemployment rate has been above 8%. The Labor Participation Rate also decreased and showed no pick up in hours worked. Keep Reading...

Delaware Mortgage Rates Weekly Update for July 30 2012

John Thomas July 29, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly update for the week of July 30, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 set another all-time record low last week but then end the week higher on some “good” economic news released on Thursday and Friday. The big market mover last week was the release of news that European Central Bank (ECB) Chief Mario Draghi stated ECB will do whatever it takes to defend the Euro which means bailing out Greece and Spain. This news caused the stock market to rally and pulled money out of mortgage bonds. This also came with the release of some other positive news which was initial jobless claims fell 35,000 in the latest week to 353,000. This was much lower than what was expected. Consumer Sentiment increased for July 2012 from July 2011 but dropped from June 2012. Durable Orders rose by 1.6% which was also much higher than expected. All of this combined caused Delaware home loan rates to rise on Thursday and Friday as the bond market sold off. Keep Reading...

Delaware Mortgage Rates Weekly Update for July 23 2012

John Thomas July 23, 2012 Tags: , , , , , , , ,

Delaware mortgage rate weekly update for the week of July 23, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 once again set another all-time record low on Friday as we had a slew of bad economic reports released last week. Retail Sales fell in June 2012 more than expected. The Commerce Department released that Retail Sales in June fell 0.5 percent from May’s Retail Sales.  This is the third straight month Retail Sales have fallen, this hasn’t happened since 2008. Keep Reading...

Delaware Mortgage Rates Weekly Update for July 16 2012

John Thomas July 14, 2012 Tags: , , , , , , , ,

Delaware mortgage rate weekly update for the week of July 16, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 Rate weekly update by John R. Thomas

Delaware mortgage rates hit an all-time record low last week but then drifter higher as traders took profits and sold off mortgage bonds at the end of the week. I am still recommending LOCKING in your mortgage rate as rates still sit near all-time record lows. Last week we saw more news that supported that the US economy is slowing. Consumer Sentiment in July 2012 came in the lowest it has been in 2 years. Keep Reading...

Delaware Mortgage Rates Weekly Update July 9, 2012

John Thomas July 9, 2012 Tags: , , , , , , , ,

Delaware mortgage rate weekly update for the week of July 9, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 set another all-time record low on Friday, July 6, 2012, after a very disappointing Jobs Report was released for June 2012.  The jobs report is released by the Bureau of Labor Statistics. The June Jobs report released that only 80,000 jobs were created in June which was well short of the anticipated 100,000 expected. There was also a revision of April and May job reports resulting in another 1,000 fewer jobs created than originally reported. We need about 150,000 new jobs each month just to keep up with population growth. Overall, employment growth during the second quarter of 2012 averaged about 75,000 jobs per month compared with more than 200,000 during the first quarter. Keep Reading...

Delaware Mortgage Rates Weekly Update for July 2 2012

John Thomas July 2, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly update for the week of July 2, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 rate weekly update July 2, 2012, by John Thomas

Delaware mortgage rates are still hovering at all time historic lows. The Euro Summit was held last week and Friday’s release of the news from the event moved the stock market higher and the bond market sold off. What emerged from the meeting was a concession by Germany to allow Eurozone Stability Mechanism (ESM) to help recapitalize the banks as long as they meet budgetary rules. They were also no more austerity measures to be imposed. This may seem like a solution but it is not as the ESM only has 500 Billion Euros available and Spain and Italy alone have a combined 2.4 Trillion in government debt. This deal has also upset Greece who not wants fewer austerity measures because Spain and Italy have gotten the go-ahead for the bailout without all the restrictions placed on Greece. Keep Reading...

Delaware mortgage rates weekly update for June 18 2012

John Thomas June 18, 2012 Tags: , , , ,

Delaware mortgage rate weekly update for the week of June 18, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 Rate Weekly Update by John R. Thomas

Delaware mortgage rates are still at all-time historic lows following last weeks very tame reading on inflation. We saw the Consumer Price Index (CPI) come in 0.3% lower for May 2012 and the Producer Price Index (PPI) also came in below expectations for May 2012. This shows both consumer inflation and wholesale inflation are both tame which was great news for mortgage bonds. The bad economic news coming out of Europe from Greece, Spain, Portugal, and Ireland have also helped mortgage rates reach all-time record lows. The Greek people held elections on Sunday which supported the pro-austerity party. Keep Reading...

Delaware Mortgage Rates Weekly Update – June 11 2012

John Thomas June 11, 2012 Tags: , , , , , ,

Delaware mortgage rate weekly update for the week of June 11, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 rate weekly update by John Thomas

Delaware mortgage rates have remained at all-time record lows as mortgage bonds have been trading on an upward trend line. Higher mortgage bond prices mean lower mortgage interest rates. Long term trend is for lower rates but short term we could some volatility and see rates move higher because of the supply of mortgage bonds hitting the market as well as treasury auction of 66 Billion in notes this week. Keep Reading...