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Delaware Mortgage Rates Weekly Update August 20, 2012

John Thomas August 20, 2012 Tags: , , , , , , , ,

Delaware mortgage rate weekly update for the week of August 20, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 increased again last week as money moved out of the bond market into the Stock Market. Mortgage bonds have been selling off since reaching an all-time record high on July 24, 2012. As the mortgage bonds sell off the interest rates increase. There has been mixed news in the last week some good and some bad. The good news for the economy started with the release of the Retail Sales Report for July 2012 which came in much better than expected at 0.8%. Building Permits across the United States also increased to a four-year high for July 2012. Keep Reading...

Delaware Mortgage Rates Weekly Update August 6, 2012

John Thomas August 5, 2012 Tags: , , , , , , , , ,

Delaware mortgage rate weekly update for the week of August 6, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 ended the week last week higher as the stock market rallied on some “good” economic news that was reported on Friday. We saw the Labor Department release the July 2012 Jobs Report which showed 163,000 jobs were added well above the 100,000 expected. This news was enough to cause a big rally in the stock market and pulled money out of the bond market which causes Delaware home loan rates to increase on Friday. Even with this good news we still saw the unemployment number rise from 8.2% to 8.3%. This is the 42nd straight month the unemployment rate has been above 8%. The Labor Participation Rate also decreased and showed no pick up in hours worked. Keep Reading...

Delaware Mortgage Rates Weekly Update for July 30 2012

John Thomas July 29, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly update for the week of July 30, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 set another all-time record low last week but then end the week higher on some “good” economic news released on Thursday and Friday. The big market mover last week was the release of news that European Central Bank (ECB) Chief Mario Draghi stated ECB will do whatever it takes to defend the Euro which means bailing out Greece and Spain. This news caused the stock market to rally and pulled money out of mortgage bonds. This also came with the release of some other positive news which was initial jobless claims fell 35,000 in the latest week to 353,000. This was much lower than what was expected. Consumer Sentiment increased for July 2012 from July 2011 but dropped from June 2012. Durable Orders rose by 1.6% which was also much higher than expected. All of this combined caused Delaware home loan rates to rise on Thursday and Friday as the bond market sold off. Keep Reading...

Delaware Mortgage Rates Weekly Update for July 23 2012

John Thomas July 23, 2012 Tags: , , , , , , , ,

Delaware mortgage rate weekly update for the week of July 23, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 once again set another all-time record low on Friday as we had a slew of bad economic reports released last week. Retail Sales fell in June 2012 more than expected. The Commerce Department released that Retail Sales in June fell 0.5 percent from May’s Retail Sales.  This is the third straight month Retail Sales have fallen, this hasn’t happened since 2008. Keep Reading...

Delaware Mortgage Rates Weekly Update July 9, 2012

John Thomas July 9, 2012 Tags: , , , , , , , ,

Delaware mortgage rate weekly update for the week of July 9, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 set another all-time record low on Friday, July 6, 2012, after a very disappointing Jobs Report was released for June 2012.  The jobs report is released by the Bureau of Labor Statistics. The June Jobs report released that only 80,000 jobs were created in June which was well short of the anticipated 100,000 expected. There was also a revision of April and May job reports resulting in another 1,000 fewer jobs created than originally reported. We need about 150,000 new jobs each month just to keep up with population growth. Overall, employment growth during the second quarter of 2012 averaged about 75,000 jobs per month compared with more than 200,000 during the first quarter. Keep Reading...

Delaware Mortgage Rate Weekly Update for June 4 2012

John Thomas June 4, 2012 Tags: , , , , , , , ,

Delaware mortgage rate weekly update for the week of June 4, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the 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 rate weekly update by John R. Thomas

Delaware mortgage rates hit another all-time record low on Friday after a very disappointing Jobs Report was released on Friday. All around bad news for the economy and the recovery. Expectations for jobs created in May 2012 was about 155,000 but the Labor Department on Friday released that only 69,000 jobs were created for May 2012. This was half of what was expected and they also revised the numbers for the last two months for the worse and said 49,000 fewer jobs were created versus what was reported.  Finally, the unemployment rate actually ticked up to 8.2%. Keep Reading...

Delaware Mortgage Rate Weekly Update for April 23 2012

John Thomas April 23, 2012 Tags: , , , , , ,

Delaware mortgage rate weekly update for the week of April 23, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware.  Call 302-703-0727 for a free mortgage planning consultation or APPLY ONLINE for Delaware Mortgage Rate Quote. John is the branch manager for Primary Residential Mortgage and the author of the book, Your Guide to Buying Your First Home in Delaware.

Delaware Mortgage Rate Weekly Update by John R. Thomas with Primary Residential Mortgage

Delaware mortgage rates remained at all-time record lows last week. My advice is to LOCK your Delaware mortgage interest rate to take advantage of these record low rates. Corporations have been reporting very good earnings which could move the bond market lower if continues this week which would move mortgage rates higher. Keep Reading...

Delaware Mortgage Rates Weekly Update – April 16 2012

John Thomas April 16, 2012 Tags: , , , , , ,

Delaware mortgage rates weekly update for the week of April 16, 2012, from John R. Thomas with Primary Residential Mortgage in Newark, Delaware.  Advice on floating or locking your Delaware mortgage interest rate and update on the latest financial news affecting mortgage rates. Call 302-703-0727 to schedule a free mortgage consultation or APPLY ONLINE for Delaware Mortgage Loan.

Delaware mortgage rate weekly update with John R. Thomas

Delaware mortgage rates once again have touched all-time lows as the mortgage bond market has been able to recover over the last 2 weeks after a Three-week sell-off. The big interest rate mover last week were the two reports on inflation which showed inflation subdued. The PPI (Producer Price Index) was released and came in at expectations which were great news. The PPI is a measure of wholesale inflation which measures the cost to produce goods and services. The CPI (Consumer Price Index) was also released last week and came in at expectations as well which was also good news. The CPI came in at 2.3% and this measures inflation at the consumer level. Keep Reading...