Delaware mortgage rates weekly market update for the week of August 5, 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 mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware mortgage rates ended the week right about where they started after a wild ride from Monday to Friday. If you look at the mortgage bond chart below you can see mortgage bonds ended the week at 100.81 which was almost where it started the week which was 100.88 which means mortgage interest rates are about the same at the end of the week. But if you look at the in-between days you can see mortgage rates surged higher into Wednesday ahead of the Fed Minutes then rebounded lower at the end of the day on Wednesday then surged higher on Thursday and they rebounded lower on Friday after the July 2013 Jobs Report was released.  We are recommending FLOATING your Delaware mortgage rate to start the week to see if bonds can build on the momentum and have a Summer Rally. Keep Reading...

Delaware mortgage rates weekly market update for the week of July 29, 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 mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware mortgage rates ended the week about where they started as the mortgage bond was stopped from moving higher by the long term downward trend line. If you look at the mortgage bond chart below, you can see mortgage bonds still have not been able to break above the falling blue trend line that is moving mortgage bonds lower and Delaware mortgage interest rates higher. The mortgage bond was able to close above the 25 days moving average for 2 days in a row which is great news and hasn’t happened since April 2013. We are recommending FLOATING your Delaware mortgage rate to start the week to see if mortgage bonds can build on the momentum of closing above the 25 days moving average. Keep Reading...

Delaware mortgage rates weekly market update for the week of June 24, 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 once again jumped higher last week which marks the eighth straight week mortgage rates have moved higher since May 1st.  If you look at the mortgage bond chart below you can see that mortgage bonds sold off on Wednesday after Ben Bernanke made comments after the Federal Open Market Committee released their meeting minutes. Bernanke’s comments caused stock, bonds, and oil to sell off as he stated the economy was doing better so the Federal Asset purchase program would begin tapering purchasing this year and end it by mid-2014. This was in contrast to what the Federal Reserve has been saying so markets went crazy. Bonds sold off again on Thursday and then again on Friday which moved mortgage rates back to where they were in October 2011. We are recommending cautiously FLOATING your Delaware mortgage rate to start the week as mortgage bonds may seem cheap here and we may get buyers coming back into the market. Keep Reading...