Tag Delaware mortgages

Tag Delaware mortgages

Mortgage Rates Weekly Update for Dec 29, 2014

John Thomas December 28, 2014 Tags: , , , ,
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Mortgage Rates weekly market update for the Week of December 29, 2014, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager and the author of the best selling book, Your Guide to Buying Your First Home in Delaware.

Mortgage Rates moved higher last week on Wednesday after the release of the GDP which caused the stock market to rally.  If you look at the mortgage bond chart below you can see the big red candle down on Tuesday which corresponds to the release of the GDP Report.  Bonds were able to bounce off support on Wednesday and followed through again on Friday as you can see with the two green candles.  This is a good sign that bonds could continue to move higher so we are recommending FLOATING your mortgage interest rate to start the week. Keep Reading...

Mortgage Rates Weekly Update for Dec. 22, 2014

John Thomas December 22, 2014 Tags: , , ,
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Delaware’s Weekly Mortgage Rate Update

Mortgage Rates weekly market update for the Week of Dec. 22, 2014, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the 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

Mortgage Rates moved slightly higher last week as the bond was pushed lower after failing to break through a tough ceiling of resistance.  Looking at the mortgage bond chart depicted below you will see two black lines that represent a trading channel for the bond.  The top black line is the line of resistance and the bottom black line is the line of support. Keep Reading...

Delaware Mortgage Rates Update for December 15, 2014

John Thomas December 15, 2014 Tags: , , , , ,

Delaware Mortgage Rates weekly mortgage market update for the Week of Dec. 15, 2014, by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the 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 recover last and move back to all-time lows for the year.  If you look at the mortgage bond chart below you can bonds were able to bounce off support last Monday and rally higher to end the week.  Mortgage Bonds are once again sitting at the highs for the year and could move either direction from here. Keep Reading...

Delaware Mortgage Rates Weekly Update for December 8, 2014

John Thomas December 7, 2014 Tags: , , , ,
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Mortgage Rate Update – December 8

Mortgage Rates weekly mortgage market update for the Week of December 8, 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 higher last week after the November Jobs Report was released by the Labor Department.  If you look at the mortgage bond chart below you can see that the trend had been for mortgage bonds to move higher until last week.  Mortgage bonds sold off most the week then dropped even more after the jobs report. Keep Reading...

Delaware Mortgage Rates Weekly Update for December 1, 2014

John Thomas November 30, 2014 Tags: , , , , ,
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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 Market Update for November 24, 2014

John Thomas November 23, 2014 Tags: , , , , ,

Delaware Mortgage Rates weekly mortgage market update for the Week of November 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 were able to move slightly lower last week as mortgage bonds bounced off the level of support.  If you look at the mortgage bond chart below you can see mortgage bonds are now trading higher in the short term but are being capped by a ceiling of resistance which is the blue horizontal line on the chart.  The rise in stock prices has capped the mortgage bond market.  We are recommending FLOATING your Delaware Mortgage Rate to start the week to see if bonds can gain momentum to break thru the ceiling of resistance.  If bonds hit the ceiling and are turned lower, we will switch to a locking stance. Keep Reading...

Delaware Mortgage Rates Weekly Update for November 17, 2014

John Thomas November 18, 2014 Tags: , , , , ,
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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 October 13, 2014

John Thomas October 12, 2014 Tags: , , , , ,
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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...