Tag John Thomas

Tag John Thomas

Delaware Mortgage Rate Weekly Update for June 4 2012

John Thomas June 4, 2012 Tags: , , , , , , , ,

Delaware mortgage rate weekly update for the week of June 4, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 rate weekly update by John R. Thomas

Delaware mortgage rates hit another all-time record low on Friday after a very disappointing Jobs Report was released on Friday. All around bad news for the economy and the recovery. Expectations for jobs created in May 2012 was about 155,000 but the Labor Department on Friday released that only 69,000 jobs were created for May 2012. This was half of what was expected and they also revised the numbers for the last two months for the worse and said 49,000 fewer jobs were created versus what was reported.  Finally, the unemployment rate actually ticked up to 8.2%. Keep Reading...

Delaware Mortgage Rate Weekly Update May 21 2012

John Thomas May 20, 2012 Tags: , , , , , ,

Delaware Mortgage Rates Weekly Update for May 21, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the branch manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 for a free mortgage planning appointment or APPLY ONLINE for Delaware mortgage loan.

Delaware mortgage rate weekly update with John Thomas

Delaware mortgage rates set an all-time record low after bad news coming out of the Eurozone and with the lowest read on consumer inflation since February 2011. The European Central Bank told Greece it would no longer provide funding to Greece Banks. The ECP will not bail out Greek Banks and said funding must come from Greece. This has put concerns that Greece may be left with only one option which would be leaving the European Union. Spain was also in the news because it is in a recession that may last throughout 2013. This means Spain could be the next Greece. Keep Reading...

Delaware Mortgage Rate Weekly Update for May 14 2012

John Thomas May 14, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly update for the week of May 14, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the branch manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to schedule a free mortgage planning consultation or APPLY ONLINE for Delaware Mortgage Loan.

Delaware Mortgage rate weekly update by John Thomas

Delaware Mortgage Rates are still at all-time historic lows after bad news comes out of Europe last week. France elected a new president and this is the 9th new leader for the Eurozone. Greece is also back in the news and has failed to get a new government that can institute the austerity measures required for their bailout. Also in the news, the National Association of Realtors released two reports. The first report said in the 1st quarter of 2012, 74 of 146 metro cities surveyed had home prices rise. NAR also stated the inventory of existing homes for sale has decreased by 22% since this time last year and it is 41% lower than in 2007 when inventories were at the peak. Keep Reading...

Delaware Mortgage Rate Weekly Update April 30 2012

John Thomas April 30, 2012 Tags: , , , , ,

Delaware mortgage rates weekly update for the week of April 30, 2012, from John R. Thomas with Primary Residential Mortgage in Newark, Delaware.  John is the branch manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to schedule a free mortgage planning consultation or APPLY ONLINE for a Delaware Mortgage Loan.

Delaware mortgage rate weekly update by John R. Thomas

Delaware mortgage rates once again ended the week at all time historic lows as the bond market responded to the bad economic news released last week. The first report that moved the market last week was the New Home Sales Report which fell 7.1% in March 2012 with only 328,000 units, it was 353,000 units in February 2012. Inflation was seen as higher in the short term because of high energy costs but Feds see it being moderate in the longer terms so not concerned which helped the bond market. Keep Reading...

Delaware Mortgage Rate Weekly Update for April 23 2012

John Thomas April 23, 2012 Tags: , , , , , ,

Delaware mortgage rate weekly update for the week of April 23, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware.  Call 302-703-0727 for a free mortgage planning consultation or APPLY ONLINE for Delaware Mortgage Rate Quote. John is the branch manager for Primary Residential Mortgage and the author of the book, Your Guide to Buying Your First Home in Delaware.

Delaware Mortgage Rate Weekly Update by John R. Thomas with Primary Residential Mortgage

Delaware mortgage rates remained at all-time record lows last week. My advice is to LOCK your Delaware mortgage interest rate to take advantage of these record low rates. Corporations have been reporting very good earnings which could move the bond market lower if continues this week which would move mortgage rates higher. Keep Reading...

Delaware Mortgage Rates Weekly Update for April 2 2012

John Thomas April 2, 2012 Tags: , , , , , ,

Delaware Mortgage Rates Weekly Update for Week of April 2, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. Call 302-703-0727 to schedule a free mortgage consultation or you can APPLY ONLINE.

Delaware Mortgage Rate Weekly Update with John R. Thomas

Delaware Mortgage Rates finally reversed course and moved lower after moving higher for the last 3 weeks. The mortgage bond bounced off the lows and has recovered but will have trouble breaking through the falling trend line that the bond page shows. The mortgage bond was able to trade higher last week on weak housing data and the initial jobless claims bounced higher. Housing News that wasn’t so good was Home Prices have dropped in 16 Metro areas according to Case Shiller Index. This has caused the Federal Reserve to consider instituting a third round of quantitative easing called QE3. QE3 would be another round of bond buying by the Feds which could help to keep home loan rates near historic lows. Keep Reading...

Delaware Mortgage Rates Weekly Update March 26 2012

John Thomas March 26, 2012 Tags: , , , , ,

Delaware mortgage rates weekly update for the week of March 26, 2012, by John R. Thomas with Primary Residential Mortgage.  Advice on mortgage loans and floating or locking your Delaware mortgage interest rate. Call 302-703-0727 for a free mortgage consultation or APPLY ONLINE

Delaware Mortgage Rate Weekly Update with John R. Thomas – NMLS 38783

Delaware mortgage rates have continued the slow rise that started 2 weeks ago as the mortgage bond keeps trending lower causing home loan rates to slowly increase. The housing-related news released last week showed the housing market is still weak. Housing Market hit a pot hole in February, the Existing home sales fell 0.9% and New home sales fell 1.6% in February which was below expectations. Keep Reading...

Delaware Mortgage Rates Weekly Update March 19 2012

John Thomas March 20, 2012 Tags: , , , ,

Delaware mortgage rates weekly update for the week of March 19, 2012, from John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John Thomas is the branch manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to schedule a free mortgage planning consultation or APPLY ONLINE.

Delaware mortgage rate weekly update with John R. Thomas

Delaware mortgage rates have started the week higher than last week as the bond market sold off last week in response to 3 things. First, the Federal Reserve statements said the economy is improving and there was no mention of QE3. Former Fed Governor Doesn’t see a QE3. Second, the problems in Europe have a temporary solution, there was a bailout deal signed for Greece. Third, we are seeing inflation in the consumer price index start to kick in which is always bad for mortgage bonds. These 3 things caused a major sell-off in the bond market which has caused mortgage rates to rise almost 0.5% from the beginning of last week. The bond market has started a downward trend which means in the short term mortgage rates are going to continue to rise. Keep Reading...