New Hampshire mortgages - 03/31/10 01:52 AM
New Hampshire is a state with a healthy, robust and stable housing market. While the state's market may be smaller than the markets in other states, it maintains a vigor that keeps prices appreciating at a rate that pleases both buyers and sellers. This stable market is based on the exceptional job market that New Hampshire enjoys. The US census showed that in 1999, New Hampshire had 6.5% of its population living below the poverty line, which is almost half as much as the national average of 12.4%. The median household income for that year was $49,467, compared to the national … (0 comments)

Massachusetts mortgages - 03/31/10 01:38 AM
Like many states on the east coast, Massachusetts is doing well for itself economically. The state showed only 9.3% of its population living below the poverty line in the 1999 census, compared to the national average of 12.4%. The median household income in Massachusetts is also higher than the national income, with the most recent facts from the US census showing it to be $50,502 compared to the national average which was $41,994. This strapping economy has translated into a booming yet manageable housing market. The US census showed that in 2002, there were 2,649,029 housing units in Massachusetts. Of those, … (0 comments)

Mortgage Market News March 29th, 2010 Dana Bain Premiere Mortgage Services Inc. - 03/28/10 06:40 PM
http://www.bainmortgage.com/MortgageMarketWeekInReview Newsletter-March 29th, 2010 Provided by Dana Bain Premiere Mortgage Services www.BainMortgage.com 11 Malvern Hill Road Sterling, MA 01564 Phone: (978) 422-2311 Fax: (978) 422-2313 E-Mail: dana@bainmortgage.com Market Comment Mortgage bond prices fell last week pushing mortgage interest rates considerably higher. The Treasury auctions resulted in poor foreign demand for US debt instruments. Unfortunately that carried over into the mortgage backed securities market causing prices to fall and rates to rise. The data hurt us with weekly jobless claims coming in better than expected and existing home sales also beating estimates. Durable goods orders data was mixed with ex-transportation figures considerably … (0 comments)

Mortgage Market News March 22nd, 2010 Dana Bain Premiere Mortgage Services Inc. - 03/21/10 01:47 AM
http://www.bainmortgage.com/MortgageMarketWeekInReview Newsletter-March 22nd, 2010 Provided by Dana Bain Premiere Mortgage Services 11 Malvern Hill Road Sterling, MA 01564 Phone: (978) 422-2311 Fax: (978) 422-2313 E-Mail: dana@bainmortgage.com Market Comment Mortgage bond prices rose last week helping mortgage interest rates improve slightly. We started the week on a positive note with rates falling amid tame inflation readings. The producer price index fell 0.6% and the core rose 0.1%. The headline figure was the lowest since July 2009. Weekly jobless claims showed the employment situation remained poor. Unfortunately we saw the market fall a bit pushing rates higher Thursday afternoon following the announcement of … (0 comments)

Mortgage Market News March 8th, 2010 Dana Bain - 03/07/10 11:33 PM
Dana Bain Premiere Mortgage Services 11 Malvern Hill Road Sterling, MA 01564 Phone: (978) 422-2311 Fax: (978) 422-2313 E-Mail: dana@bainmortgage.com Market Comment Mortgage bond prices continued to rebound higher last week, which pushed mortgage interest rates lower. Stock gains kept mortgage bonds relatively in check but many of the data releases were very bond friendly. The core PCE inflation reading was unchanged compared to the slight increase expected by analysts. Q4 revised productivity rose 6.9%, much better than expected. Higher productivity means a company can produce more with less input helping to keep prices and thus inflation in check. Rates fell … (0 comments)

Last Chance To REFINANCE Below 5% - 03/07/10 11:27 PM
If you want to refinance your mortgage into a loan with a sub-5% interest rate, better hurry. Your window of opportunity is closing fast. Lenders are still advertising rock-bottom interest rates, but for most borrowers, rates are rapidly rising into the 5%-plus category. During the week of Jan. 7, the average 30-year, fixed-rate loan closed at 5.09%, according to mortgage giant Freddie Mac. That is significantly higher than the 4.71% it averaged at the beginning of the month, and experts say rates will go higher yet. "Interest rates are up and they're not going to go down below 5% again," said … (1 comments)

http://www.bainmortgage.com/MortgageMarketWeekInReview - 03/03/10 02:55 PM
Newsletter-March 1st, 2010 http://www.bainmortgage.com/MortgageMarketWeekInReview Provided by Dana Bain Premiere Mortgage Services 11 Malvern Hill Road Sterling, MA 01564 Phone: (978) 422-2311 Fax: (978) 422-2313 E-Mail: dana@bainmortgage.com Market Comment Mortgage bond prices rebounded last week pushing mortgage interest rates lower. The majority of the data came in bond friendly. Weaker than expected consumer confidence data Tuesday helped mortgage interest rates improve. The Treasury auctions showed decent foreign demand. The gross domestic product price deflator component showed a smaller price increase than expected while the consumer spending component also came in weaker than expected. Existing home sales fell a surprising 7.1%, considerably weaker … (0 comments)

Mortgage Market News Marchr 1st, 2010 Dana Bain Premiere Mortgage Services Inc. - 03/03/10 12:33 AM
Newsletter-March 1st, 2010 Newsletter-March 1st, 2010 Provided by Dana Bain Dan Premiere Mortgage Services 11 Malvern Hill Road Sterling, MA 01564 Phone: (978) 422-2311 Fax: (978) 422-2313 E-Mail: dana@bainmortgage.com Market Comment Mortgage bond prices rebounded last week pushing mortgage interest rates lower. The majority of the data came in bond friendly. Weaker than expected consumer confidence data Tuesday helped mortgage interest rates improve. The Treasury auctions showed decent foreign demand. The gross domestic product price deflator component showed a smaller price increase than expected while the consumer spending component also came in weaker than expected. Existing home sales fell a surprising … (0 comments)