Delaware mortgage rate weekly mortgage market update for the week of October 29, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, DE. John is the Newark 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 were able to improve from last week and Friday were able to rebound after good news from the Jobs Report. The trading pattern on Friday showed the mortgage bond bouncing off technical support and ending the day strong which supports a pattern of the bond moving higher. So we are recommending FLOATING your Delaware mortgage rate to see if rates can go lower as the bond rises. Friday saw the October 2012 Jobs Report showing 171,000 jobs created and revised the last two months upward by 84,000. The unemployment rate actually ticked up from 7.8% to 7.9% for October 2012 even though we had an upward revision of jobs. The slight increase in unemployment is because more people started looking for work again. Keep Reading...

Delaware mortgage rate weekly mortgage market update for the week of October 15, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, DE. John is the Newark 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 back at historic lows after a volatile week of trading. Mortgage rates had started the week higher but with the help of the Federal Reserve purchasing mortgage-backed securities, each day rates were able to recover and end the week at historic lows.  We recommending LOCKING your Delaware mortgage rate if closing in the next 30 days as rates could drift higher again. If closing in 60 days or more we are recommending floating your interest rate. Keep Reading...

Delaware mortgage rate weekly mortgage market update for the week of October 8, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, DE. John is the Newark 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 are still at all-time historic lows but the mortgage bond sold off to end the week as some good economic news was released.  Rates did move up to end the week but still remain new all-time historic lows. The big report that moved home loan rates higher was the unemployment rate for September 2012 had a drastic one month from 8.1% to 7.8%. This is the lowest since reading since 2009 and the first time unemployment number dropped below 8% in 44 months. The labor market created 114,000 jobs which were in line with expectations of 115,000 which wouldn’t have lowered the unemployment.  The rate dropped because job reports for August and July were revised much higher. Keep Reading...

Delaware mortgage rate weekly mortgage market update for the week of October 1, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, DE. John is the Newark 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 have improved since the Federal Reserve started its QE3 program. Home loan rates have continued to move lower and set a new record low on September 26, 2012. They did move slightly higher on Thursday and Friday but are still near all-time record lows. We are recommending LOCKING your Delaware mortgage rate to take advantage of these all-time record low rates. Keep Reading...