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nh fha rates: NH Mortgage Rates and NH Home Values May move Higher with the Jan 2010 Jobs Report - 02/04/10 10:17 AM
On the first Friday of every month, the U.S. government releases its Non-Farm Payrolls data from the month prior. The data is more commonly known as "the jobs report" and it swings a big stick on Wall Street. Especially now -- many analysts believe job growth is tightly linked to the future of the U.S. economy. Therefore, when January's jobs report hits the wires at 8:45 AM ET tomorrow, Manchester home buyers would do well to pay attention. A net job reading that is much higher (or lower) than Wall Street's expectations can make a serious change in home affordability. Wall … (0 comments)

nh fha rates: NH Loan Info - What's Ahead This Week - 02/01/10 08:04 AM
In a news-heavy week, mortgage markets improved last week, adding to a 3-week rally. But, given last week's data and domestic story lines, it's surprising that rates actually fell.
The Federal Reserve said the economy continues to strengthen Consumer Confidence pushed to a 2-year high 4th Quarter domestic output exceeded Wall Street's expectations Usually, events like these draw money away from the bond markets and into the stock markets and Wall Street preps for better corporate earnings. The movement pressures mortgage rates to rise. Last week, however, different stories trumped the headlines including a report from Standard & Poor's that said … (0 comments)

nh fha rates: NH mortgage shoppers: The Fed Announcement's Out! - 01/27/10 03:00 PM
<!-- This material is non-exclusively licensed to Kevin Wallace, CMPS and may not be copied, reproduced, or sold in any form whatsoever.-->
The Federal Open Market Committee voted to leave the Fed Funds Rate within its target range of 0.000-0.250 percent.
In its press release, the FOMC noted that the U.S. economy “has continued to strengthen”, that the jobs markets is getting better, and that financial markets are supportive of growth.
There was no mention of the housing market's strength.  The last 3 statements from the Fed included that specific verbiage.
It’s the fifth straight statement in which the Fed spoke … (2 comments)

nh fha rates: NH Mortgage Shoppers - Here's Today's Rate Lock Strategy - 01/27/10 08:27 AM
<!-- This material is non-exclusively licensed to Kevin Wallace, CMPS and may not be copied, reproduced, or sold in any form whatsoever.--> The Federal Open Market Committee ends a scheduled, 2-day meeting today in Washington. It's the first of 8 scheduled meetings for the policy-setting group in 2010. The group adjourns at 2:15 PM ET. As is customary, upon adjournment, the Fed will issue a press release to the markets recapping its views of the country's current economic condition, and the outlook for the near-term future. The post-meeting statements from the Fed are brief but comprehensive. And Wall Street eats them … (0 comments)

nh fha rates: NH Mortgage Markets In Review : December 22, 2008 - 12/22/08 11:28 AM
Mortgage markets improved last week for the second week in row. After the Federal Reserve said it would use "all available tools" to stimulate the economy, traders responded by driving mortgage rates to 50-year lows.
It didn't last long, however.
After bottoming out early-Wednesday morning, mortgage rates trended higher all the way into Friday's closing. It was the third time in 2008 that a sharp mortgage rate drop lasted less than one full day of trading.
Many Americans took advantage of the historically-low mortgage rates, locking in new home loans below 5 percent. And, in general, these homeowners shared 4 characteristics:
… (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

Cell Phone: (603) 475-4512

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