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Tag mortgage loans

Delaware Mortgage Rates Weekly Mortgage Market Update for August 12, 2013

John Thomas August 11, 2013 Tags: , , , ,
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mortgage bond chart 08-12-2013

Delaware mortgage rates weekly market update for the week of August 12, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John 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 again ended the week about where they started the week as mortgage bonds have traded in a tight range in the last couple of weeks. If you look at the mortgage bond chart below you can see that mortgage bonds hit their lowest point in over 2 years at the beginning of July, they have since bounced off the lows but now remain trading just below the long term falling trend line we have been talking about. In order for home loan rates to move much lower, the bond needs to break above the falling trend line. We are recommending FLOATING your Delaware mortgage rate to start the week to see if the bond can break above this falling trend line and start a Summer Rally. Keep Reading...

Delaware Mortgage Rates Weekly Update for August 5, 2013

John Thomas August 4, 2013 Tags: , , , , ,
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Delaware mortgage rates weekly market update for the week of August 5, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John 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 ended the week right about where they started after a wild ride from Monday to Friday. If you look at the mortgage bond chart below you can see mortgage bonds ended the week at 100.81 which was almost where it started the week which was 100.88 which means mortgage interest rates are about the same at the end of the week. But if you look at the in-between days you can see mortgage rates surged higher into Wednesday ahead of the Fed Minutes then rebounded lower at the end of the day on Wednesday then surged higher on Thursday and they rebounded lower on Friday after the July 2013 Jobs Report was released.  We are recommending FLOATING your Delaware mortgage rate to start the week to see if bonds can build on the momentum and have a Summer Rally. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Update for July 29, 2013

John Thomas July 28, 2013 Tags: , , , , ,
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Delaware mortgage rates weekly market update for the week of July 29, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John 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 ended the week about where they started as the mortgage bond was stopped from moving higher by the long term downward trend line. If you look at the mortgage bond chart below, you can see mortgage bonds still have not been able to break above the falling blue trend line that is moving mortgage bonds lower and Delaware mortgage interest rates higher. The mortgage bond was able to close above the 25 days moving average for 2 days in a row which is great news and hasn’t happened since April 2013. We are recommending FLOATING your Delaware mortgage rate to start the week to see if mortgage bonds can build on the momentum of closing above the 25 days moving average. Keep Reading...

Delaware Mortgage Rates Weekly Update for July 22, 2013

John Thomas July 22, 2013 Tags: , ,
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Delaware mortgage rates weekly market update for the week of July 22, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John 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 improved again this week as mortgage bonds were able to rally to end the week on comments from Federal Chairman Ben Bernanke who reaffirmed that the Feds easy money policies would continue into 2014. If you look at the mortgage bond chart below you can see mortgage bonds bounced off the 2 years low on July 8th and have continued to rally since setting a short term trend for mortgage bonds to trade higher. When the mortgage bond price moves higher, mortgage interest rates move lower so Delaware mortgage rates have moved lower since hitting 2 years high. On Friday, mortgage bonds were able to close above the 25-day moving average which is a bullish sign for bonds to continue to move higher so we are recommending FLOATING your Delaware mortgage rate to start the week. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update for July 15, 2013

John Thomas July 14, 2013 Tags: , , , , ,
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Delaware mortgage rates weekly market update for the week of July 15, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John 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 were finally able to move lower after spiking higher the past two weeks. If you look at the mortgage bond chart below you can see that mortgage bonds were able to rebound on Monday after the big sell-off on Friday, July 5th which is the big red candle down on the bond chart below. The big green candle on Monday shows the bond market rebounding and then moved higher the rest of the week. The short term trend is now for mortgage bonds to move higher and rates to move lower so we are recommending FLOATING your Delaware mortgage rate to start the week. Keep Reading...

Delaware Mortgage Rates Weekly Update for July 8, 2013

John Thomas July 7, 2013 Tags: , , , , , ,
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Delaware mortgage rates weekly market update for the week of July 8, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John 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 Jumped Higher on Friday after the Jobs Report for June 2013 was released. If you look at the mortgage bond chart below you can see the big Red Candle on Friday showing the bond closing down 200 basis points which is the biggest one day drop in a LONG TIME!! Mortgage bonds also dropped on Thursday by 44 basis points so in a week we saw mortgage rates jump by 0.5%! Rates are pushing 5% now with most loan products. With the damage done and mortgage bonds looking very overbought we are recommending FLOATING your Delaware mortgage rate to start the week. Keep Reading...

Delaware Mortgage Rates Weekly Update for June 24, 2013

John Thomas June 23, 2013 Tags: , , , , ,
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Delaware mortgage rates weekly market update for the week of June 24, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John 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 once again jumped higher last week which marks the eighth straight week mortgage rates have moved higher since May 1st.  If you look at the mortgage bond chart below you can see that mortgage bonds sold off on Wednesday after Ben Bernanke made comments after the Federal Open Market Committee released their meeting minutes. Bernanke’s comments caused stock, bonds, and oil to sell off as he stated the economy was doing better so the Federal Asset purchase program would begin tapering purchasing this year and end it by mid-2014. This was in contrast to what the Federal Reserve has been saying so markets went crazy. Bonds sold off again on Thursday and then again on Friday which moved mortgage rates back to where they were in October 2011. We are recommending cautiously FLOATING your Delaware mortgage rate to start the week as mortgage bonds may seem cheap here and we may get buyers coming back into the market. Keep Reading...

Delaware Mortgage Rates Weekly Market Update for June 17, 2013

John Thomas June 16, 2013 Tags: , , , , , ,
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Delaware mortgage rates weekly market update for the week of June 17, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John 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 were finally able to stabilize last week and stop their trek higher. We saw mortgage rates were able to improve slightly as the mortgage bond found a bottom of support and was able to bounce higher as can been seen from the bond chart below. We are recommending cautiously FLOATING your Delaware mortgage rate to start the week to see if bonds can continue to trade higher. If bonds reverse course and sell off again we will quickly switch to a locking stance. Keep Reading...