Mortgage Rates Weekly Update [July 30 2018]

John Thomas July 30, 2018 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for July 30, 2018

Mortgage Rates Update for July 30, 2018 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. 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 broke beneath the 50 moving average.  If you look at the mortgage bond chart below for hr Fannie Mae 30 year 4.0% coupon, you can the short term trend is for mortgage bonds to sell off and move mortgage interest rates higher.  Bonds rallied off a very weak support line in Green after GDP was reported on Friday.   We are recommending LOCKING your mortgage rate to start the week as mortgage bonds are trading below the 50 day moving average and have a lot of room to move lower if break below current levels. Keep Reading...

Mortgage Rates Weekly Update [July 23 2018]

John Thomas July 22, 2018 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for July 23, 2018

Mortgage Rates Update for July 23, 2018 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. 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 failed to break above the 100 day moving average again.  If you look at the mortgage bond chart below you can see mortgage bonds have been stuck trading in a sideways pattern and have been unable for several weeks to break out higher by closing above the 100 day moving average to mount a rally higher in bonds which would move mortgage interest rates lower.  We are recommending LOCKING your mortgage rate on any loans closing in the next 30 days, if you are more than 45 days out you could float to see if mortgage bonds can get some momentum to break through the 100 day moving average but if bonds break below the floor of support we would recommend switching to a locking stance. Keep Reading...

Mortgage Rates Weekly Update [July 16 2018]

John Thomas July 15, 2018 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for July 16, 2018

Mortgage Rates Update for July 16, 2018 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. 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 were unable to break out above the 100 day moving average last so mortgage rates ended the week about where they started.  If you look at the mortgage bond chart below you can see mortgage bonds traded in a tight channel last week after failing to continue to rally from previous week and fell back below the 100 day moving average.  Bonds closed right at the top of the channel to end the week but failed to break through so we are recommending LOCKING your mortgage rate on any loans closing in the next 30 days, if you are more than 45 days out you could float to see if mortgage bonds can get some momentum to break through the 100 day moving average but if bonds break below the floor of support we would recommend switching to a locking stance. Keep Reading...

Mortgage Rates Weekly Update [July 9 2018]

John Thomas July 8, 2018 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for July 9, 2018

Mortgage Rates Update for July 9, 2018 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. 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 were on a roller coaster ride last week due mostly to global trade issues with countries considering back and forth trade tariffs.  If you look at the mortgage bond chart below you can see mortgage bonds hit resistance last week at the 100 day moving average and were turned lower in a sell off on Monday with the red candle. Bonds found floor of support on Tuesday at the 25 day moving average and rallied back higher into the fourth of July holiday.  Mortgage Bonds followed through and rallied higher up to the 100 day moving average on Thursday ahead of the Jobs Report.  After the Jobs report on Friday, bonds were able to finally break above a dual ceiling of resistance they have been battling for weeks which was formed by the 100 day moving average and a technical Fibonacci level.  This is a good sign so we are recommending FLOATING your mortgage rate to start the week to see if bonds can stay above this dual layer and rally higher which would move mortgage interest rates lower. Keep Reading...

Mortgage Rates Weekly Update [July 2 2018]

John Thomas July 3, 2018 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for July 2, 2018

Mortgage Rates Update for July 2, 2018 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. 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 were able to move slightly lower last week as mortgage bonds were able to rally off floor of support.  If you look at the mortgage bond chart below you can see that after the red candle on Monday, mortgage bonds rallied higher all week with the green candles.  Mortgage bonds ended the week by breaking through the 50 day moving average and are just beneath a ceiling of resistance at the 100 day moving average.  We are recommending FLOATING Your mortgage rate into July 4th to see if mortgage bonds can break through and continue higher which would move mortgage interest rates lower. Keep Reading...

Mortgage Rates Weekly Update [June 25 2018]

John Thomas June 25, 2018 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for June 25, 2018

Mortgage Rates Update for June 25, 2018 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. 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 were finally able to stabilize last week after a roller coaster ride in the past several weeks.  If you look at the mortgage bond chart below you can see mortgage bonds have been sitting just above the 50 day moving average last week.   The technical trading signals formed a Pennant Flag formation and we are looking for mortgage bonds to break out either higher or lower.  There has not been any clear signal this it is breaking out higher yet but as long as the 50 day moving average holds we are recommending FLOATING your mortgage rate to see if mortgage bonds can break out higher and move mortgage interest rates lower. Keep Reading...

Mortgage Rates Weekly Update [June 18 2018]

John Thomas June 18, 2018 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for June 18, 2018

Mortgage Rates Update for June 18, 2018 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. 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 were able to move lower last week after mortgage bonds found a floor of support and rallied higher.  If you look at the mortgage bond chart below you can see mortgage bonds sold off until finding a floor of support of Wednesday and were able to rebound and rally higher on Thursday and again on Friday.  Mortgage bonds were stopped again at the 50 day moving average which they have failed to break through so we are cautious that bonds can break through this ceiling.  The Stock market is selling off in the face of trade wars overseas and mortgage bonds are still not able to break above the 50 day moving average so we are recommending to very careful FLOAT your mortgage rate to see if can break above the 50 day moving average but if stocks recover, we would quickly switch to a locking stance. Keep Reading...

Mortgage Rates Weekly Update [June 11 2018]

John Thomas June 10, 2018 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for June 11, 2018

Mortgage Rates Update for June 11, 2018 by John R. Thomas with Primary Residential Mortgage, Inc. in Newark, Delaware. Get advice on Locking or Floating your Mortgage Rate to start the week as well as the latest housing and finance news updates. 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 have moved up from the lows of 2018 as geopolitical and trade war uncertainty have eased as well as the release of some solid economic data.  If you look at the mortgage bond chart below you can see mortgage bonds have been trending lower since hitting the high of 2018 at near the end of May.  Mortgage bonds closed just at the 25 moving average and the technical signals are not good for mortgage bonds so we recommend LOCKING your mortgage rate. Keep Reading...