Delaware Mortgage Rates weekly mortgage market update for the Week of December 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 mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates drifted higher last week and continued on the long term trend of higher mortgage rates moving toward the 5% range in 2014. Mortgage bonds have been selling off moving interest rates higher since the Federal Reserve announced that they would begin tapering the asset purchase program (QE3) in January 2014 but mortgage bonds were able to find a bottom last week. If you look at the mortgage bond chart below you can see that mortgage bonds have been able to find a level of support last week at about 102.49 and were able to bounce off this support on Friday with a nice green candle. The long term trend for mortgage bonds is for them to sell off and move lower but in the short term, we may see bonds move higher after Friday’s bounce off support. The long term trend is for mortgage interest rates to move higher into 2014 but short term we can recommend FLOATING your Delaware mortgage rate to start the week to see if mortgage bonds can follow through on Friday’s bounce higher.  However, if bonds break below the level of support in the chart below, we would quickly switch to a locking stance. Keep Reading...

Delaware Mortgage Rates weekly mortgage market update for the Week of December 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 mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates spiked higher last week when the Federal Reserve Committee announced that it would begin tapering its asset purchase program. Mortgage rates moved higher as the mortgage bond sold off. If you look at the mortgage bond chart below you can see a Big Red Candle on Wednesday after the news was released. Mortgages bonded continued to move lower on Thursday but then were able to bounce higher to stabilize the bond. Mortgage rates surged higher to end the week about where they were at the end of September. We are looking for mortgage interest rates to move into the 5s for 2014 as the economy improves and the Feds start to taper their asset purchase program called QE3. We are recommending starting the week FLOATING your Delaware Mortgage Rate because bonds were able to rally back on Friday so we want to see if can build on this momentum. Keep Reading...

Delaware Mortgage Rates weekly mortgage market update for the Week of December 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 higher last week from fears that the Federal Reserve may start tapering at their December meeting versus waiting till 2014. If you look at the mortgage bond chart below you can see that mortgage bonds have been on a roller coaster ride but the long term trend is still for mortgage bonds to move lower which will cause home loan interest rates to move higher in the long term. We did see a green candle on Friday which means mortgage bonds could be trying to rally in the short term so we are going to recommend cautiously FLOATING your Delaware mortgage rate to start the week. Keep Reading...

Delaware Mortgage Rates weekly mortgage market update for the Week of December 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 moved slightly higher to end the week as mortgage bonds traded lower to end the week. If you look at the mortgage bond chart below you can see bonds traded slightly lower to end the week. Traders left for the Thanksgiving holiday so trading volume was light on Wednesday and Friday. We are recommending FLOATING your Delaware mortgage rate to start the week. Keep Reading...

Delaware Mortgage Rates weekly mortgage market update for the Week of November 25, 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 higher after the Federal Reserve Meeting Minutes renewed fears of tapering their asset purchases this year versus waiting until 2014. If you look at the bond page below you can see a red candle down on Tuesday when Mortgage Bond hit the 200 days moving average and was turned lower. Then on Wednesday big red candle down after the Federal Reserve Minutes was released and renewed fears of tapering caused sell-off in the bond market. Mortgage rates were able to stabilize to end the week so we are recommending FLOATING your Delaware Mortgage Rate to start the week to see if mortgage bonds can recover. Keep Reading...

Delaware Mortgage Rates weekly mortgage market update for the Week of November 18, 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 last week as mortgage bonds were able to rebound after the big sell-off in bonds from the October Jobs Report. If you look at the mortgage bond chart below you can see that mortgage bonds had a big red candle (big sell-off) on Friday, November 8th but have since been able to rebound each day last week to move mortgage interest rates lower each day. Interest rates ended the week almost where they before the sell-off on Friday the 8th. We are recommending FLOATING your Delaware mortgage rate to start the week to see if mortgage bonds can continue to climb higher and move home loan rates lower. Keep Reading...

Delaware Mortgage Rates weekly update for the Week of November 13, 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 Surged Higher to end the week after a better than expected October Jobs Report was released. If you look at the mortgage bond chart below you can see the big red candle down on Friday which was a sell-off in mortgage bonds on Friday. Hopefully, you took our LOCK recommendation last week if not then we are recommending FLOATING your Delaware mortgage rate to start the week but be very cautious as mortgage rates could continue to climb higher if the markets feel the Feds will start tapering in December 2013 versus waiting until March 2014. Keep Reading...

Delaware Mortgage Rates weekly mortgage market update for the Week of November 4, 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 ended the week slightly worse than they started as mortgage bonds sold off on Friday after better than expected manufacturing news was released. If you look at the mortgage bond chart below you can see that mortgage bonds traded in a tight range and then sold off on Friday closing below the 200 days moving average. We are recommending LOCKING your Delaware Mortgage Rate to start the week as mortgage bonds could continue to sell off after closing below the 200-day moving average. Keep Reading...