Mortgage Rates Weekly Update [June 12 2017]

John Thomas June 10, 2017 Tags: mortgage rates

Mortgage Rates Weekly Update for June 12, 2017

Mortgage Rates Weekly Update for June 12, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a Delaware 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 drifted higher as mortgage bonds were turned lower from tough ceiling of resistance. If you look at the mortgage bond chart below you can see mortgage bonds are trading in a tight pattern since rallying higher at the beginning of May 2017. Mortgage bonds have been fighting to stay above the 200 day moving average and have drifted lower since hitting the highs of the year. We are recommending LOCKING your Mortgage Rate to start the week to take advantage of the best rates of the year as mortgage bonds have failed to rally higher and closed on the 200 day moving average on Friday as well as US Treasury closed above the key 2.18% yield mark. Treasuries moving higher could force the bond market to sell off which would move mortgage interest rates higher. Keep Reading...

Mortgage Rates Weekly Update for June 5 2017

John Thomas June 4, 2017 Tags: mortgage rates

Mortgage Rates Weekly Update for June 5, 2017

Mortgage Rates Weekly Update for June 5, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a Delaware 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 moved lower last week after disappointing Jobs Report for May 2017 was released. If you look at the mortgage bond chart below you can see mortgage bonds hit the high for 2017 after breaking through a tough ceiling of resistance at 200 day moving average and have hit the high not seen since the November US presidential elections. We are recommending FLOATING Your mortgage rate now that bonds have broken out of tight trading channel. We will be looking for bonds to close above the 200 day moving average on Monday and then this will be a new floor of support. If bonds fall below 200 day moving average then we would recommend locking your mortgage interest rate. Keep Reading...

Mortgage Rates Update for May 29, 2017

John Thomas May 27, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Update May 29, 2017

Mortgage Rates Update May 29, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a Delaware 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 ended the week about where they started as mortgage bonds have been trading in a tight range. Looking at the mortgage bond chart below you can see mortgage bonds have been hovering near the highs for the year as bonds have been trading between a tight ceiling of resistance and floor support. With mortgage bonds trading near the highs of 2017, we are recommending LOCKING Your mortgage rate to start the week to take advantage of the lowest interest rates of the year so far. Keep Reading...

Mortgage Rates Weekly Update May 22 2017

John Thomas May 21, 2017 Tags: mortgage rates

Mortgage Rates Weekly Update May 22, 2017

Mortgage Rates Weekly Update May 22, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a Delaware 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 ended the week slightly higher than where they started after mortgage rates hit the lows for the last 6 months. If you look at the mortgage bond chart below you can see mortgage bonds rallied last week until hitting ceiling of resistance on Thursday and being turned lower which moved rates higher after hitting 6 month lows. We are recommending LOCKING Your mortgage rate to start the week to take advantage of record low rates for 2017. Keep Reading...

Mortgage Rate Update for May 15 2017

John Thomas May 14, 2017 Tags: mortgage rates

Mortgage Rate Update for May 15, 2017

Mortgage Rate Update for May 15, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a Delaware 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 moved higher last week as mortgage bonds broke through support and moved lower. If you look at the mortgage bond chart below you can see mortgage bonds broke below support that held last week and moved lower to test the next level of support. Friday mortgage bonds were able to bounce off support and rally higher so we are recommending FLOATING your mortgage rate to start the week to see if bonds can continue to rally and move interest rates lower. Keep Reading...

Mortgage Rates Weekly Update for May 8 2017

John Thomas May 6, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for May 8, 2017

Mortgage Rates Weekly Update for May 8, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a Delaware 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 ended the week lower as mortgage bonds sold off to end the week. If you look at the mortgage bond chart below you can see mortgage bonds have been trading in a seesaw pattern as bonds bounce off support and are pushed lower by resistance. Mortgage bonds ended this week at the bottom on the trading pattern stopping right at support. We are recommending LOCKING your mortgage rate as mortgage bonds have a tough ceiling of resistance overhead and if break below support have a good way to go lower and move mortgage interest rates higher. Keep Reading...

Mortgage Rate Weekly Update for April 24, 2017

John Thomas April 24, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rate Weekly Update for April 24, 2017

Mortgage Rate Weekly Update for April 24, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a Delaware 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 ended the week about where they started which is almost the lows for the 2017. If you look at the mortgage bond chart below you can see mortgage bonds have rallied higher since hitting the lows of the year in the middle of March. Mortgage bonds are now at a very tough ceiling of resistance which they failed to break and stay above this week which means going to be tough for bonds to move higher from here and move mortgage interest rates lower. We are recommending LOCKING Your mortgage rate to start the week as mortgage rates are at lows for 2017 and could move higher in the short terms if mortgage bonds sell off. Keep Reading...

Mortgage Rates Weekly Update for April 10 2017

John Thomas April 10, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for April 10, 2017

Mortgage Rates Weekly Update for April 10, 2017 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. John Thomas is the Branch Manager, a Delaware 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 ended the week slightly higher after failing to move lower on Friday. If you look at the mortgage bond chart below you can see mortgage bonds moved higher on Monday and then traded sideways until Friday. Bonds made a run at tough overhead resistance on Friday but were turned lower and ended the week down with the red candle on Friday. We are recommending very carefully FLOATING your mortgage rate to start the week to see if bonds can make another run at tough overhead ceiling of resistance but be on guard because last time failed to break above resistance bonds switch trading pattern to selling off and moving interest rates higher. Keep Reading...