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Mortgage Interest Rates Update January 18 2016

John Thomas January 17, 2016 Tags: , , , , ,
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Mortgage Interest Rates Weekly Update January 18 2016

Mortgage Interest Rates weekly update for the Week of January 18, 2016 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a Loan Officer and the author of the best selling book, Your Guide to Buying Your First Home in Delaware.  Call 302-703-0727 for a Rate Quote or Apply Online for Rate Quote

Mortgage Interest Rates were able to move lower last week after a big sell off in Global Stock Markets.  If you look at the mortgage bond chart below you can see that mortgage bonds have been able to trade to the upper end of the trading range which has helped improve mortgage rates.  But with mortgage bonds not able to mount more than a 19 bps rally in the face of the DOW Stock Index dropping 390 points to end the day, we are recommending LOCKING your mortgage rate to start the week.  If stocks reverse, we will see the mortgage bonds sell off and move mortgage interest rates higher. Keep Reading...

Mortgage Rates Weekly Update for Jan 4 2016

John Thomas January 4, 2016 Tags: , , , ,
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Mortgage Rates Weekly Update Jan 4 2016

Mortgage Rates weekly market update for the Week of January 4, 2016 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a Loan Officer and the author of the best selling book, Your Guide to Buying Your First Home in Delaware.  Call 302-703-0727 for a Rate Quote or Apply Online for Rate Quote

Mortgage Rates were able to stabilize last week and end the week slightly lower than they started as the bond was able to hammer out a bottom and bounce higher.  If you take a look at the mortgage bond chart below from 12-31-2015 you can see mortgage bonds ended the week with a Green Candle showing bonds bouncing off support.  We are recommending starting the new year FLOATING your mortgage rate to see if bonds can continue to rally higher.  If bonds switch and sell off, we would quickly switch to a locking stance. Keep Reading...

Mortgage Rates Weekly Update Dec 21 2015

John Thomas December 20, 2015 Tags: , , , , , , ,
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Mortgage Rates Weekly Update Dec 21 2015

Mortgage Rates weekly market update for the Week of December 21, 2015 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a Loan Officer and the author of the best selling book, Your Guide to Buying Your First Home in Delaware.  Call 302-703-0727 for a Rate Quote or Apply Online for Rate Quote

Mortgage Rates were able to move lower after several weeks of moving up.  If you look at the mortgage bond chart below you can see bonds were finally able to bounce off a floor of support and move higher after several weeks of trending lower.  The short term trend is for bonds to move higher and interest rates lower but bonds are up against a tough over head ceiling of resistance so in order to continue to move higher will need to break through and close above ceiling of resistance.  With the short term trend of bonds to move higher, we are recommending FLOATING your mortgage interest rate to start the week.  But if bonds get turned lower at overhead resistance, we will quickly recommend switching to a locking stance. Keep Reading...

Mortgage Rates Weekly Update for Dec 14 2015

John Thomas December 13, 2015 Tags: , , , , , , ,
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Mortgage Rates Weekly Update for Dec 14, 2015

Mortgage Rates weekly market update for the Week of December 14, 2015 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a Loan Officer and the author of the best selling book, Your Guide to Buying Your First Home in Delaware.  Call 302-703-0727 for a Rate Quote or Apply Online for Rate Quote

Mortgage Rates have been moving up and down by about 0.25% over the last couple weeks as bonds have traded in a choppy fashion.  If you look at the mortgage bond chart below, you can see the up and down black arrows following the changing short term trend of the bond going up and down.  We ended the week with mortgage bonds once again bouncing off support and starting to reverse a downward trend and moving higher with the green candle on Friday.  Therefore we are recommending FLOATING your mortgage rate to start the week. Keep Reading...