Delaware Mortgage Rates weekly market update for the Week of July 28, 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 continue on the roller coaster ride of up and down as there is extreme volatility in the bond market. If you look at the mortgage bond chart below you can see the up and down arrows show a roller coaster trading pattern for mortgage bonds which has mortgage interest rates moving up and down about 0.25% over the last 3 weeks.  Since we ended the week with a Green Candle on the chart, we are going to recommend FLOATING your Delaware Mortgage Rate to see if bonds can rally off support. Keep Reading...

Delaware Mortgage Rates weekly market update for the Week of July 14, 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 break the trend and move lower last week. If you look at the mortgage bond chart below you can see mortgage bonds were on a downtrend selling off but then were able to find a bottom last Friday. We recommend floating your mortgage interest rate to start the week on Monday and see if we got a green candle which did. This signaled a possible rally in mortgage bonds which we got and bonds rallied higher all week moving Delaware mortgage rates lower. We continue to recommend FLOATING Your Delaware Mortgage Rate to start the week as t Keep Reading...

Delaware Mortgage Rates weekly update for the Week of July 7, 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 as the labor market showed signs of improvement and the stock market continued to rally. If you look at the mortgage bond chart below, you can see the red candles down all week which showed mortgage bonds selling off and interest rates moving higher. We recommend “Locking” your Delaware Mortgage Rate last week in our update so hopefully, you took our advice as mortgage rates did indeed move higher. We are now recommending FLOATING your Delaware Mortgage Rate to start the week as the Jobs Report is behind us and mortgage bonds could find a floor of support. We saw a “Hammer” Technical signal on Friday which could signal bonds are “oversold” and could mean a reversal in the bond is forming. Keep Reading...

Delaware Mortgage Rates weekly update for the Week of June 16, 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 stabilize last week after a run higher of the last couple of weeks. Mortgage Rates appear to be ready for a move lower as mortgage bonds have a technical trading pattern that is predicting a bounce off recent lows and to move higher. As mortgage bonds move higher, interest rates will move lower. We are recommending FLOATING your Delaware Mortgage Rate to start the week to see if bonds can follow through this week on the technical patterns that are predicting a move higher in bonds and lower in rates. Keep Reading...