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nh first time buyer programs: NH Home Buyers - The Week Ahead Feb 16 2010 - 02/16/10 08:01 AM
 
Mortgage markets worsened last week on general profit-taking in the U.S. bond market, combined with talk of a coordinated rescue effort for Greece and its debt burden. Mortgage-backed bonds sold off, causing conventional and FHA mortgage rates to rise.
There wasn't much hard data on which to trade last week, either, so momentum took markets farther than they otherwise might have moved on their own.  It marked the first time in 5 weeks that rates rose for NH rate shoppers.
This week, data returns. Expect mortgage market movement.
Some of the week's more important releases include:
Housing Starts and Building … (0 comments)

nh first time buyer programs: NH Home Buyers Seperating FHA Fact from Fiction - 02/10/10 08:19 AM
The mortgage lending landscape changes a lot.  Rates and guidelines are in constant flux, and it creates preparedness challenges for buyers in Raymond that aren't paying in cash.
The loan you get today won't always be the loan you get tomorrow.
Because of how frequently bank rules are changing, it can be hard for laypersons to distinguish between mortgage fact and fiction of "what's coming next".
Recently, we saw this with respect to FHA home loans.
January 20, 2010, the FHA issued a press release with new lending guidelines.  Specifically, it announced 3 changes that will be effective starting April 5, … (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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