Mortgage Rates Weekly Update [January 8 2018]

John Thomas January 7, 2018 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for January 8, 2018

Mortgage Rates Update for January 8, 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 moved slightly higher last week after mortgage bonds failed to break above the 50 day and 25 day moving average and were turned lower as the stock market set another record high to end the week. If you at the mortgage bond chart below you can see mortgage bonds are stuck trading between the ceiling of resistance and floor of support shown by the blue lines. Bonds failed to rally above the blue line on Tuesday and were turned lower and sold off after the jobs report on Friday. We recommend starting the week FLOATING your mortgage rate to see if bonds can bounce off support and move higher but if bonds break below the floor of support we would quickly recommend LOCKING your mortgage interest rate. Keep Reading...

Mortgage Rates Weekly Update [December 25 2017]

John Thomas December 23, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for December 25, 2017

Mortgage Rates Update for December 25, 2017 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 moved higher last week as mortgage bonds sold off after failing to break through a tough ceiling of resistance. If you look at the mortgage bond chart below you can see mortgage bonds have been on downward trend since failing to break through a tough ceiling of resistance at the beginning of December. Mortgage bonds had been trading in a sideways pattern stuck between a ceiling of resistance and a floor of support. Mortgage bonds broke out of that trading channel to the downside last week moving mortgage interest rates higher. Mortgage bonds did find a floor of support on Friday so we are recommending carefully FLOATING your Delaware mortgage rate if you failed to lock your rate but if mortgage bonds continue to sell off and break below this current floor of support we will have to recommend you lock your interest rate ASAP. Keep Reading...

Mortgage Rates Weekly Update [December 18 2017]

John Thomas December 17, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for December 18, 2017

Mortgage Rates Update for December 18, 2017 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 right about where they started after a roller coaster week of moving higher than falling lower to end the week. If you look at the mortgage bond chart below you can see mortgage bonds started the week on Monday slightly higher than they ended the previous week but sold off to end the day on Monday moving mortgage interest rates lower. Mortgage bonds continued to sell of until Wednesday after the Federal Reserve announced they would raise the Fed Funds Rate 0.25%. Mortgage bonds ended the week by closing just below a touch a ceiling of resistance that has persisted October. We are recommending LOCKING your mortgage rate to start the week because mortgage bonds are once again up against a tough a ceiling of resistance with lots of room to sell off to the downside. Keep Reading...

Mortgage Rates Weekly Update [December 11 2017]

John Thomas December 9, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for December 11, 2017

Mortgage Rates Update for December 11, 2017 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 as mortgage bonds bounce off support to trade higher. If you look at the mortgage bond chart below you can see mortgage bonds have been stuck in a sideways trading pattern alternating between ceiling of resistance and floor of support but has failed to break out of the channel. Mortgage bonds closed Friday just below the ceiling of resistance and failed to break out of the channel higher but settled on a triple layer of support formed by the 50 day moving average, the 200 day moving average and a Fibonacci level. We are recommending carefully FLOATING your mortgage rate to start the week to see if mortgage bonds can rally off support and break through the ceiling of resistance to move mortgage interest rates lower. Keep Reading...

Mortgage Rates Weekly Update [December 4 2017]

John Thomas December 3, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for December 4, 2017

Mortgage Rates Update for December 4, 2017 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 moved higher last week as mortgage bonds sold off on news that the tax bill will be passed. If you look at the mortgage bond chart below you can see mortgage bonds sold off till Friday where they were able to rebound on news that Michael Flynn will testify against President Donald Trump. The Senate passed their version of the tax bill on December 2, 2017 which is bad news for mortgage bonds so we are recommending LOCKING your mortgage rate to start the week. Keep Reading...

Mortgage Rates Weekly Update [November 27 2017]

John Thomas November 26, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for November 27, 2017

Mortgage Rates Update for November 27, 2017 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 moved lower last week as mortgage bonds were able to rally above the 25 moving average. If you look at the mortgage bond chart below you can see mortgage bonds ended the week on the 200 day moving average and could make another run at breaking above the 50 day moving average. Bonds are in a tight trading pattern and the short term trend has been for bonds to move higher after bouncing off floor of support on November 13th. We are recommending FLOATING Your mortgage rate to start the week to see if bonds can break through ceiling of resistance and continue to move higher. Keep Reading...

Mortgage Rates Weekly Update [November 13 2017]

John Thomas November 12, 2017 Tags: Delaware Mortgage Rates, mortgage rates

Mortgage Rates Weekly Update for November 13, 2017

Mortgage Rates Update for November 13, 2017 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 moved higher last week as mortgage bonds sold off and broke below support. If you look at the mortgage bond chart below you can see mortgage bonds had been rallying higher and broke above resistance on previous Friday and were able to close above resistance Monday and Tuesday of last week but on Wednesday mortgage bonds broke below support and followed through on Thursday selling off to end the day even lower and Gapped down on Friday below the next floor of support. US Treasuries closed above an important level at a yield of 2.385% which is not a good technical signal for mortgage bonds so we are recommending LOCKING your mortgage rate to start the week. Keep Reading...

Mortgage Rates Weekly Update for November 6 2017

John Thomas November 4, 2017 Tags: mortgage rates

Mortgage Rates Weekly Update for November 6, 2017

Mortgage Rates Update for November 6, 2017 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 continue to move lower as mortgage bonds were able to rally and close above previous resistance. If you look at the mortgage bond chart below you can see mortgage bonds bounced off support the previous Friday and continued the trend to break through the ceiling of resistance on Friday after the Jobs Report was released. We are recommending FLOATING your mortgage rate to start the week. Keep Reading...