Looking Back And Looking Ahead : April 28, 2008 - 04/28/08 10:28 AM
Mortgage markets lost ground last week on inflation concerns and a general feeling that "the worst may be over" on Wall Street.
As investors moved money into the stock market, mortgage rates ticked higher for the second straight week.
The biggest story from last week was the rising cost of gasoline.
Rising energy costs combined with rising food prices are creating worries about the American consumer's ability to spur the economy forward.
That sets up the biggest story of this week -- the Federal Open Market Committee meeting.
The FOMC starts a 2-day meeting Tuesday and is widely expected … (0 comments)

New Home Sales : How The Newspaper Headlines Mislead You - 04/25/08 11:29 AM
Newspaper headlines rarely tell the full story and today's papers provide a terrific example.
From the Baltimore Sun (and others):
New-home sales lowest since 19918.5% March decline exceeds forecasts; prices also tumble
As always, there's more to the story than the headline.
The Census Bureau reported a 8.5 percent decline in New Home Sales last month, but in the "fine print" of the report, the Census Bureau cites a margin of error of 16.1 percent.
By including a margin of error, the Census Bureau is acknowledging that the "headline number" is not precise and that the actual change in … (0 comments)

 

Kevin Wallace

Manchester, NH

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Merrimack Mortgage Company

Address: 406 Riverway Place, Bedford Commons, Bedford, NH, 03110

Office Phone: (603) 668-8197

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