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nh mortgage rates: NH Home Buyers and Sellers - What's Ahead This Week - 02/08/10 01:23 PM
Mortgage markets improved last week on domestic jobs data and international banking concerns. The news triggered buying in the bond market and, as a result, conventional, FHA and VA mortgage rates in NH improved for the 4th consecutive week.
Mortgage rates are now at a 6-week low but probably shouldn't be.  It underscores just how important global events can be to U.S. mortgage markets.
For example, corporate earnings continue to improve and key elements of the economy are strengthening.  Even the Federal Reserve acknowledges this.  In most circumstances, that would be a boon for the stock markets and bond markets would … (0 comments)

nh mortgage 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 mortgage rates: NH Refinancing in the Age of Bailouts - 04/15/09 03:10 AM
NH home owners should take note,
this past week we marked the official start of the Making Home Affordable Refinance Program. We expect that this may help thousands of NH homeowners! The Making Home Affordable program turns a blind eye with respect to falling home values, approving mortgage applications based on borrower payment history and benefit to the NH homeowner. NH mortgage applicants have to meet a few basic qualifications to take advantage of the Making Home Affordable refinance program.
First, your existing NH mortgage must be with either Freddie Mac (Freddie) or Fannie Mae (Fannie). Fortunately, both of these agencies … (0 comments)

nh mortgage 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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