Delaware Mortgage Rates weekly mortgage rate update for the Week of March 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 were able to move lower last week as mortgage bonds were able to rally on a falling stock market. If you look at the mortgage bond chart below you can see bonds were able to bounce off a layer of support and move higher putting mortgage interest rates near historically low levels. We are recommending cautiously FLOATING your Delaware mortgage rate to start the week but be on guard to lock as when bonds hit this high level they have turned lower over the last couple of weeks. Keep Reading...

Delaware Mortgage Rates weekly mortgage rate update for the Week of February 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 moved higher as a two-week rally in the Stock Market pulled money from bonds and drove bond prices lower. If you look at the mortgage bond chart below you can see mortgage bonds have been selling off and moving lower since hitting high on February 17th. The short term trend is for mortgage bonds to move lower as bonds are being capped by the falling 200 days moving average. We are recommending LOCKING your Delaware mortgage rate to start the week as the short term trend is for mortgage bonds to move lower. Keep Reading...

Delaware Mortgage Rates weekly rate update for the Week of January 6, 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 traded in a tight range for the last week and ended the week about where they started as you can see from the mortgage bond chart below. We are going to recommend FLOATING your Delaware Mortgage Rate to start the week to see if bonds can improve but again be on guard if bonds break below the level of support they have been trading at all week, rates will move higher fast so will quickly switch to a locking stance.

How will 2014 look for Delaware mortgage interest rates?

Mortgage interest rates have been on the rise since May 2013 where they were about 3.25% till now about 4.75%. Mortgage Rates will continue to rise as we move into January 2014 for Two reasons;

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