Mortgage Rates Weekly Update for October 30, 2017

Mortgage Rates Update for October 30, 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 higher than they started last week as mortgage bonds continued the downward trend but were able to hammer out a floor of support.  If you look at the mortgage bond chart below you can mortgage bonds have been selling off since back on September 8th and have broken through several floors of support but last were able to find support and ended the week with a rally off of support.  The green candle on Friday is a good signal that bonds may recover in the short term so we are recommending FLOATING your mortgage rate to start the week. Keep Reading...

Mortgage Rates Weekly Update for October 16, 2017

Mortgage Rates Update for October 16, 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 rebound last week and end the week lower than they started as mortgage bonds rebounded after weaker than expectations of Retail Sales & Consumer Price Index.  If you look at the mortgage bond chart below you can see mortgage bonds were able to rally off support and moved higher to break above the previous ceiling of resistance.   Mortgage bonds closed just below 25 day moving average and US Treasuries broke below 200 day moving averages and technicals favor the bonds continuing to rally so we are recommending FLOATING Your mortgage rate to start the week. Keep Reading...

Mortgage Rates Weekly Update for October 9, 2017

Mortgage Rates Update for October 9, 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 increased this week after the Jobs Report for September was released on Friday.  If you look at the mortgage bond chart below you can mortgage bonds had been trading above the line of support that had held for the last 2 weeks but bonds broke through support on Friday.  Mortgage bonds fell to the next level of support and were able to rally back higher end the day just below the previous level of support.  We are recommending starting the week FLOATING your mortgage rate as the damage has already been done and we are looking to see if mortgage bonds can rally back now that the jobs report is behind us. Keep Reading...

Delaware Mortgage Rates Update for October 2, 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

Delaware Mortgage Rates moved higher last week as mortgage bonds continued to sell off since hitting the highs of the year at the beginning of September.  If you look at the bond chart below you can see the pattern for mortgage bonds has been to sell off and trade lower.  Mortgage bonds did hit a very important floor of support on Friday which did hold.  If mortgage bonds break beneath this support it will be very bad sign for mortgage bonds and we will see rates continue to move higher.  We are recommending LOCKING your Delaware mortgage rate to start the week as mortgage bonds have been trading lower and closed just above a floor of support.  We would like to see a bounce off support before we switch to a floating stance. Keep Reading...

Mortgage Rates Update for September 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 slightly higher last week as mortgage bonds sold off after Federal Reserve announced the “Great Unwind” of its balance sheet.  If you look at the mortgage bond chart below, you can see the trend is for mortgage bonds to sell off and move rates higher but on Friday bonds were able to bounce off support and close just below the 50 day moving average.  The technical trading patterns point to bond prices moving higher which would move interest rates lower so we are recommending FLOATING your mortgage rate to start the week. Keep Reading...

Mortgage Rates Update for September 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 moved lower last week after hitting the lows since November 2016 the previous week.  If you look at the mortgage bond chart below you can see bonds hit a tough ceiling of resistance the previous week which was the highest price seen since November.  Mortgage bonds were turned lower as the stock market rallied pushing mortgage bonds down to the next floor of support which did hold last week.  With mortgage bonds sitting on a floor of support we are recommending FLOATING your mortgage rate to start the week to see if mortgage bonds can rally higher off support and move interest rates lower. Keep Reading...

Mortgage Rates Update for September 11, 2017

Mortgage Rates Update for September 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 moved to the lows of the year as the bond market rallied in part because of continued low inflation.  If you look at the mortgage bond chart below you can see mortgage bonds have been on an upward trend since the middle of July 2017.  Mortgage Bonds hit a tough ceiling of resistance on Thursday and were turned lower and Friday closed down from the highs not seen since last November.  Low inflation, meager wage growth, inept Congress and under performing GDP remain primary tailwinds for mortgage Bonds and lower rates. With mortgage rates at record lows, we are recommending LOCKING your mortgage rate to start the week to take advantage of these low rates.
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Mortgage Rates Update for August 28, 2017

Mortgage Rates Update for August 28, 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 about where they started as mortgage bonds were stuck trading in a tight channel between resistance and support.  If you look at the mortgage bond chart below you can see the blue lines marking the floor of support and resistance that bonds have been trading.  The mortgage bonded ended the week right at the ceiling of resistance that has held for several weeks.  The Treasuries have broken beneath a tough floor of support at 2.18% and if can fall further, would help mortgage bonds break through a tough ceiling of resistance so we are recommending FLOATING your mortgage rate to start the week. Keep Reading...