Delaware mortgage rate weekly mortgage market update for the week of May 6, 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, May 3, 2013, after a much better than expected April 2013 Jobs Report was released. If you look at the bond chart below you can see that mortgage bonds set another all-time record high on Wednesday, May 1, 2013, which caused mortgage rates to set another all-time record low. Mortgage bonds had been rallying and move rates lower but everything reversed on Friday after the release of the jobs reports. Mortgage bonds are not trending lower again which will cause mortgage rates to move higher. The bond did stop falling when it hit the 200-day moving average so we are recommending cautiously FLOATING your Delaware mortgage rate to start the week but if mortgage bonds fall below the 200 days moving average we will quickly switch to a locking stance. Keep Reading...

Delaware mortgage rate weekly mortgage market update for the week of March 25, 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 able to improve last week as the mortgage bond market continue the rally from the previous. You can see on the chart below that mortgage bonds have traded in a tight channel since the big sell-off in January. We are recommending FLOATING your Delaware mortgage rate to start the week to see if mortgage bonds can move higher and test the resistance at the 200 days moving average. If bonds open on Monday and make a move lower then we will switch to a LOCKING stance. Keep Reading...

Delaware mortgage rates weekly mortgage market update for the week of March 11, 2013, by John 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 moved sharply higher last week to end the week as the Stock Market set another all-time record high! If you look at the mortgage bond chart below you can see that mortgage bonds sold off for the last 6 days in a row moving money out of bonds into stocks. The downward trend in mortgage bonds has resumed as you can see from the arrow. We are recommending very cautiously FLOATING your Delaware mortgage rate to start the week as the damage has already been done. If mortgage bonds can’t recover on Monday morning then we will quickly switch to LOCKING stance. Keep Reading...

Delaware mortgage rate weekly mortgage market update for the week of March 4, 2013, by John 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 stop moving higher and improve slightly to end the week last Friday. If you look at the chart you can see mortgage bonds had a big rally on Monday to start the week with the big green candlestick. This rally was fueled by a big drop in the stock market. Mortgage bonds were able to continue an upward trend for the rest of the week which helped home loan rates improve. We are recommending LOCKING your Delaware mortgage rate to start the week as mortgage bonds have been capped at the 200-day moving average and if fail to break above it could sell off again and rates could move higher. Keep Reading...

Delaware mortgage rate weekly mortgage market update for the week of February 25, 2013, by John Thomas with Primary Residential Mortgage in Newark, Delaware. John is the Newark, DE 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 appeared to stabilize last week as the mortgage bonds tried to hammer out a bottom of the support. We are recommending FLOATING your Delaware mortgage rate to see if mortgage bonds can move higher from recent lows which would allow interest rates to move lower. If you look at the bond chart below you can see mortgage bonds traded in a tight range last week and stopped the drop lower that has happened every week since the beginning of the year. Keep Reading...