I Think Lower Mortgage Rates are on the Horizon - 11/24/08 09:55 PM
Many consumers,  savvy and otherwise are a little confused as to why mortgage rates are not lower than where they are.  Today you can get a 30 year fixed rate mortgage at 5.875% with no points and don't get me wrong that is a phenomenal rate historically.  But if you look at where banks are borrowing at you would expect that rate to be significantly lower.  This does have a lot to do with supply and demand and I don't mean the general public's demand for low mortgage rates.  I am referring to Wall St's appetite for mortgage backed securities.  But … (7 comments)

They Just Don't Understand Reverse Mortgages - 11/18/08 08:21 PM
Sorry I just had to post this.  This was a comment I recently made on another blog. 
People just don't understand reverse mortgages.  Yes, THEY ARE NOT FOR EVERYONE!  But what about that 75 year old couple who have maybe one or two children who are well off and just want to see their parents increase their quality of life.  In most cases THE CHILDREN OR THE HEIRS OF THE ESTATE ARE THE ONES WHO RECOMMEND THE REVERSE MORTGAGE.  This takes pressure off of the children to support their parents and allows the parents to supplement their fixed income.  Also,  before … (2 comments)

NH and MA FHA Mortgages.......The Best of What's left in Lending - 11/13/08 05:07 PM
The most common question I have been receiving lately from my clients is, "What mortgage programs are left?"  Of course if you have excellent credit and a 20% down payment the world's doors are still open to you and just about any bank with money to lend will be happy to extend you a mortgage.  But what about people who either don't have a 20% downpayment or they just don't want to put all their savings into their home in the form of a down payment?  FHA!  It is still the best product available.   There are so many great things about … (1 comments)

New Hampshire and Massachusetts Mortgage Rates - 11/04/08 08:53 PM
Many of my clients enjoy the mortgage rate lock advisory that is on my website and is updated daily as an RSS feed.  Below is an example of today's mortage interest rate lock advisory and it can be found here: http://www.justinperry.net/DailyRateLockAdvisory.   If you would like to add this RSS feed to your site just let me know.  As a disclaimer I do not construct these rather I use them as a tool. 

Rate Lock Advisory - Tuesday Nov. 4th
Tuesday's bond market has opened up slightly despite sizable stock gains during early trading. The stock markets are strong this morning with … (0 comments)

 
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Justin Perry

Portsmouth, NH

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Mortgage Banker

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