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nh home buying mortgage manchester rates: NH Home Buyers and Sellers - Pending Home Sales Predicts A Stronger Spring Market - 02/03/10 08:10 AM
The Pending Home Sales Index rose slightly in December, climbing 1 percent from November. A Pending Home Sale is a home that is under contract to sell, but not yet sold. It's a figure compiled by the National Association of Realtors® using sales data from over 100 regional listing services and more than 60 large brokerages around the country. Because each pending sale is a true measure of sales activity, the Pending Home Sales Index is purported to be the most reliable forward-looking indicator for housing. Recent data supports this hypothesis. After Pending Home Sales plunged 16 percent in November, Existing … (0 comments)

nh home buying mortgage manchester 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 home buying mortgage manchester rates: Why Home Values May Rise When Home Building Falls To A 17-Year Low - 06/18/08 12:55 PM
A "Housing Start" is a new home on which construction has commenced and in May, Housing Starts fell to a 17-year low nationally.
At first glance, this may seem like a negative for the already-battered U.S. housing market.
It's not.
Falling Housing Starts reflects the broader real estate market and shows us that builders are working hard to get their already-built homes "off the books".
It would be foolish for them to build new homes now -- each new unit makes selling the existing ones tougher.
So, when we look at the figure objectively, we can see that Housing Starts reaching … (0 comments)

nh home buying mortgage manchester rates: Looking Back And Looking Ahead : June 9, 2008 - 06/09/08 11:29 AM
There was no rest for the mortgage-rate weary last week.
As mortgage bonds sold off early in the week, sharp rate hikes followed. A steady stream of better-than-expected economic reports had re-ignited inflation fears, drawing money from the bond market.
On Friday, however, the money flow reversed on a triple threat to the U.S. economy:
The Unemployment Rate took its biggest one-month jump in 22 years Oil made its biggest one-day gain The U.S. dollar lost a lot of value By themselves, each of these events normally would be bad for mortgage rates but the Friday combination of all three led … (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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