New Hampshire Mortgage Rates Blog

Mortgage Commentary for Today’s New Hampshire Mortgage Rates

Find out what New Hampshire mortgage rates you qualify for instantly without providing personal information or a SSN.

Thursday’s bond market has opened in negative territory as the recent stock selling appears to have subsided. The Dow is currently up 51 points while the Nasdaq has slipped 3 points. The bond market is currently down 12/31, which will likely push today’s New Hampshire mortgage rates higher by approximately .125 of a discount point.

The Labor Department announced early this morning that 367,000 new claims for unemployment benefits were filed last week. This was close to forecasts and a slight upward revision to the previous week’s number of new claims means there was little change from two weeks ago to last week. That was expected before revisions, meaning the data failed to give us any significant surprises. Therefore, it has had little impact on this morning’s bond trading or New Hampshire mortgage pricing.

March’s Goods and Services Trade Balance report was also released early this morning, revealing a $51.8 billion trade deficit. This was a bit higher than analysts had forecasted, but not enough for the news to influence the markets or this morning’s New Hampshire mortgage rates.

We also have today’s 30-year Bond auction to watch. Results will be posted at 1:00 PM ET, so any reaction will come during afternoon hours. Yesterday’s 10-year Note sale was mixed and somewhat confusing, but the market did not rally after its results were announced. This gives us little to look forward to in today’s sale. This doesn’t mean that I am concerned about it or its impact on New Hampshire mortgage rates. It simply indicates that we aren’t sure what to expect from it.

Tomorrow also has two pieces of economic data scheduled for release, but they both are more important to New Hampshire mortgage rates than either of this morning’s reports were. April’s Producer Price Index (PPI) is the first at 8:30 AM ET. It helps us measure inflationary pressures at the producer level of the economy. If this report reveals weaker than expected readings, indicating inflation is not a concern at the producer level, we should see the bond market rally. The overall index is expected to show no change, while the core data that excludes more volatile food and energy prices has been forecasted to rise 0.2%. A decline in the core data would be ideal for mortgage shoppers because inflation is the number one nemesis for long-term securities such as mortgage-related bonds.

The last report of the week is May’s preliminary reading to the University of Michigan’s Index of Consumer Sentiment late tomorrow morning. This index measures consumer willingness to spend, which relates to consumer spending. If consumers are more confident of their own financial situations, they are more apt to make large purchases in the near future. This report usually has a moderate impact on the financial markets though, because it is not exactly factual data. It is expected to show a reading of 76.0, which would be a small decline from last month’s final reading. If it shows a large decline in consumer confidence, bond prices could rise and New Hampshire mortgage rates would move slightly lower because waning confidence means consumers are less apt to make a large purchase in the near future. That is assuming the PPI does not give us a significant surprise though. The PPI is much more important to the bond market than the sentiment index is, so look for it to be the biggest influence on tomorrow’s New Hampshire mortgage pricing (besides sizable stock movement).

Rate Lock Advice for Today’s New Hampshire Mortgage Rates

If I were considering purchasing or refinancing a home and predicting likely New Hampshire mortgage rates, I would…

Lock if my closing was taking place within 7 days…
Lock if my closing was taking place between 8 and 20 days…
Float if my closing was taking place between 21 and 60 days…
Float if my closing was taking place over 60 days from now….

This is only a general opinion of what I would do if I were considering whether to lock or float today’s New Hampshire mortgage rates based on the current mortgage market. Your individual situation may be different. Contact me if you would like advice for your particular circumstances.

Copyright : Mortgage Commentary

Current New Hampshire mortgage rates for 30-year fixed-rate mortgages dropped 4 basis points from 3.69% to 3.65% on Wednesday. State mortgage rates today ranged from the lowest rate of 3.62% (RI) to the highest rate of 3.78% (HI). New Hampshire mortgage rates today are 2 basis points lower than the national average of 3.67%. The New Hampshire mortgage interest rate on May 9, 2012, is down 6 basis points from last week’s average New Hampshire rate of 3.71%.

New Hampshire mortgage rates quoted above are for the best borrowers and typically include points.

Find out what New Hampshire mortgage rates you qualify for instantly without providing personal information or a SSN.

(Source: Zillow)

Mortgage Commentary for Today’s New Hampshire Mortgage Rates

Find out what New Hampshire mortgage rates you qualify for instantly without providing personal information or a SSN.

Wednesday’s bond market has opened in positive territory for the third straight day. This is a result of more concern in the stock markets about the political issues in Greece that could undermine their recent bailout and other financial issues overseas. The Dow is currently down 133 points while the Nasdaq has lost 32 points. Those early losses have the Dow below 12,800 and the Nasdaq approaching 2,900, which could signal much more weakness in the near future if they don’t soon rebound above 13,000 and 3,000 respectively.

The bond market is currently up 8/32, pushing the benchmark 10-year Treasury Note yield down to 1.81%. This will likely improve today’s New Hampshire mortgage rates slightly, but we still have not seen rates move lower proportionally to the recent downward trend in stocks. That indicates resistance to allowing mortgage bonds to improve much more and raises the risk of floating an interest rate (at least short-term) if comparing to the potential gains. In other words, it is hard to see where rates can improve much more in the immediate future while there are risk factors of rates spiking higher with a solid day of gains in stocks. Therefore, I remain cautious with my short-term recommendations.

As has been the case each day so far this week, there is nothing of relevance to New Hampshire mortgage rates in terms of economic reports or other events scheduled for this morning. We do however, have the 10-year Treasury Note auction today. Results of the sale will be posted at 1:00 PM ET. If it was met with a strong demand from investors, particularly international buyers, we could see bond prices rise enough during afternoon trading to cause downward revisions to New Hampshire mortgage rates. However, lackluster bidding in the sale, meaning longer-term securities are losing their appeal, could lead to higher New Hampshire mortgage pricing this afternoon.

There are two pieces of economic data being released tomorrow in addition to the 30-year Bond auction. The first comes from the Labor Department, who will post last week’s unemployment numbers. They are expected to announce that 365,000 new claims for unemployment benefits were filed last week, matching the previous week’s total. Worth noting though is a recent pattern of upward revisions to the previous week’s number of claims, so another revision could make last week’s figures appear to be a decline if we do indeed see 365,000. However, since this data tracks only a single week’s worth of new claims, it usually has a minimal impact on bond trading and New Hampshire mortgage rates unless it shows a significant surprise.

March’s Goods and Services Trade Balance report will also be released early tomorrow morning. This report gives us the size of the U.S. trade deficit but likely will not have much of an impact on the bond market or New Hampshire mortgage pricing. It is expected to show a $50.2 billion trade deficit, but it is the least important of this week’s data and likely will have little influence on tomorrow’s New Hampshire mortgage rates.

Rate Lock Advice for Today’s New Hampshire Mortgage Rates

If I were considering purchasing or refinancing a home and predicting likely New Hampshire mortgage rates, I would…

Lock if my closing was taking place within 7 days…
Lock if my closing was taking place between 8 and 20 days…
Float if my closing was taking place between 21 and 60 days…
Float if my closing was taking place over 60 days from now….

This is only a general opinion of what I would do if I were considering whether to lock or float today’s New Hampshire mortgage rates based on the current mortgage market. Your individual situation may be different. Contact me if you would like advice for your particular circumstances.

Copyright : Mortgage Commentary

Current New Hampshire mortgage rates for 30-year fixed-rate mortgages increased 3 basis points from 3.70% to 3.73% on Tuesday. State mortgage rates today ranged from the lowest rate of 3.63% (ND) to the highest rate of 3.79% (MA, NC). New Hampshire mortgage rates today are 4 basis points higher than the national average of 3.69%. The New Hampshire mortgage interest rate on May 8, 2012, is up 2 basis points from last week’s average New Hampshire rate of 3.71%.

New Hampshire mortgage rates quoted above are for the best borrowers and typically include points.

Find out what New Hampshire mortgage rates you qualify for instantly without providing personal information or a SSN.

(Source: Zillow)

Mortgage Commentary for Today’s New Hampshire Mortgage Rates

Find out what New Hampshire mortgage rates you qualify for instantly without providing personal information or a SSN.

Tuesday’s bond market has opened in positive territory again following another morning of stock weakness. The Dow is currently down 159 points while the Nasdaq has fallen 49 points. The bond market is currently up 10/32, which should improve today’s New Hampshire mortgage rates by approximately .125 of a discount point.

There is no relevant economic data or other events scheduled for today, leaving bond prices and New Hampshire mortgage rates to be influenced mostly by stock market movements. Stocks opened yesterday well into negative ground, but rallied during afternoon trading. The Dow still closed in the red but the Nasdaq broke into positive ground. This morning’s stock losses are much wider than they were at this time yesterday, so a full recovery this afternoon isn’t nearly as likely as it was Monday. On the other hand, mortgage bonds are not exactly staging a rally despite the 150+ point drop in the Dow. This keeps me cautious towards New Hampshire mortgage rates, especially since we bond yields are at the low end of their recent trading range.

If the major stock indexes bounce from their current mid-morning levels as they did yesterday afternoon, we could see bond prices give up this morning’s improvements. That could translate into an upward revision to New Hampshire mortgage rates later this afternoon. However, if the overseas news is actually playing out in today’s trading rather than yesterday and stock prices move even lower, we should see a small improvement to New Hampshire mortgage pricing later today.

Tomorrow also does not have any relevant economic news scheduled for release, but the Treasury will hold a 10-year Note auction. Results of the sale will be posted at 1:00 PM ET. If it was met with a strong demand from investors, we could see bond prices rise enough during afternoon trading to cause downward revisions to New Hampshire mortgage rates. However, lackluster bidding in the sale, meaning longer-term securities are losing their appeal, could lead to higher New Hampshire mortgage pricing late tomorrow.

Rate Lock Advice for Today’s New Hampshire Mortgage Rates

If I were considering purchasing or refinancing a home and predicting likely New Hampshire mortgage rates, I would…

Lock if my closing was taking place within 7 days…
Lock if my closing was taking place between 8 and 20 days…
Float if my closing was taking place between 21 and 60 days…
Float if my closing was taking place over 60 days from now….

This is only a general opinion of what I would do if I were considering whether to lock or float today’s New Hampshire mortgage rates based on the current mortgage market. Your individual situation may be different. Contact me if you would like advice for your particular circumstances.

Copyright : Mortgage Commentary

Current New Hampshire mortgage rates for 30-year fixed-rate mortgages increased 2 basis points from 3.66% to 3.68% on Monday. State mortgage rates today ranged from the lowest rate of 3.64% (NJ) to the highest rate of 3.81% (MS). New Hampshire mortgage rates today are equal to the national average of 3.68%. The New Hampshire mortgage interest rate on May 7, 2012, is down 3 basis points from last week’s average New Hampshire rate of 3.71%.

New Hampshire mortgage rates quoted above are for the best borrowers and typically include points.

Find out what New Hampshire mortgage rates you qualify for instantly without providing personal information or a SSN.

(Source: Zillow)

Mortgage Commentary for Today’s New Hampshire Mortgage Rates

Find out what New Hampshire mortgage rates you qualify for instantly without providing personal information or a SSN.

Monday’s bond market has opened in positive territory following weekend news from overseas that has helped push stocks to early losses. The Dow is currently down 62 points while the Nasdaq has lost 10 points. The bond market is currently up 6/32, which will likely improve today’s New Hampshire mortgage rates by approximately .125 of a discount point.

There was no relevant economic news this morning, leaving bonds to be driven by stock movement. The major stock indexes are reflecting concerns about elections and political statements made overseas, particularly in France and Greece. Those events renewed concerns about the fiscal stability of those economies and what impact any changes could have on the global economy. In other words, it appears that the boat has been rocked. My initial thoughts had me believing this was going to be a great day for the bond and mortgage markets, leading me to shift away from the lock recommendations that were made last night. However, it now appears that the news has not been as influential on the markets as expected, at least not as of yet. Accordingly, I am relying on technicals of the bond market and its trading patterns to move back to a conservative approach towards New Hampshire mortgage rates, at least for the moment.

There are only three pieces of relevant economic data scheduled for release this week that may affect New Hampshire mortgage rates, in addition to two important Treasury auctions. The two most important reports will be posted Friday, meaning the markets will have to rely on factors other than economic news for direction most of the week. There is no relevant economic data due until Thursday, so expect the stock markets to continue to be a major influence on bond trading and New Hampshire mortgage rates until then.

Overall, it likely will be a moderately active week for New Hampshire mortgage rates. Besides the week’s economic news, look for the stock markets to be a major influence on trading. The most important day of the week is Friday with the PPI report on the agenda, but Wednesday’s 10-year Note auction could also heavily sway bond trading. It appears we will likely see the most movement in New Hampshire mortgage rates the latter part of the week unless the stock markets post sizable gains or losses the next day or so.

Rate Lock Advice for Today’s New Hampshire Mortgage Rates

If I were considering purchasing or refinancing a home and predicting likely New Hampshire mortgage rates, I would…

Lock if my closing was taking place within 7 days…
Lock if my closing was taking place between 8 and 20 days…
Float if my closing was taking place between 21 and 60 days…
Float if my closing was taking place over 60 days from now….

This is only a general opinion of what I would do if I were considering whether to lock or float today’s New Hampshire mortgage rates based on the current mortgage market. Your individual situation may be different. Contact me if you would like advice for your particular circumstances.

Copyright : Mortgage Commentary

Mortgage Commentary for Today’s New Hampshire Mortgage Rates

Find out what New Hampshire mortgage rates you qualify for instantly without providing personal information or a SSN.

There are only three pieces of relevant economic data scheduled for release this week that may affect New Hampshire mortgage rates, in addition to two important Treasury auctions. The two most important reports will be posted Friday, meaning the markets will have to rely on factors other than economic news for direction most of the week. There is no relevant economic data due until Thursday, so expect the stock markets to be a big influence on bond trading and New Hampshire mortgage rates until then.

The Treasury will hold a 10-year Note sale Wednesday and a 30-year Bond sale Thursday. Results of the auctions will be posted at 1:00 PM ET each day. If they are met with a strong demand from investors, we could see bond prices rise enough during afternoon trading to cause downward revisions to New Hampshire mortgage rates. However, lackluster bidding in the sale, meaning longer-term securities are losing their appeal, could lead to higher New Hampshire mortgage pricing those afternoons.

March’s Goods and Services Trade Balance report will be released early Thursday morning. This report gives us the size of the U.S. trade deficit but likely will not have much of an impact on the bond market or New Hampshire mortgage pricing. It is expected to show a $49.9 billion trade deficit, but it is the least important of this week’s data and likely will have little influence on Thursday’s mortgage rates.

Friday has the remaining two reports. April’s Producer Price Index (PPI) is the first at 8:30 AM ET. It helps us measure inflationary pressures at the producer level of the economy. If this report reveals weaker than expected readings, indicating inflation is not a concern at the producer level, we should see the bond market rally. The overall index is expected to show no change, while the core data that excludes more volatile food and energy prices has been forecasted to rise 0.2%. A decline in the core data would be ideal for mortgage shoppers because inflation is the number one nemesis for long-term securities such as mortgage-related bonds.

The last report of the week is May’s preliminary reading to the University of Michigan’s Index of Consumer Sentiment. This index measures consumer willingness to spend, which relates to consumer spending. If consumers are more confident of their own financial situations, they are more apt to make large purchases in the near future. This report usually has a moderate impact on the financial markets though, because it is not exactly factual data. It is expected to show a reading of 76.2, which would be a small decline from last month’s final reading. If it shows a large decline in consumer confidence, bond prices could rise and New Hampshire mortgage rates would move slightly lower because waning confidence means consumers are less apt to make a large purchase in the near future. That is assuming the PPI does not give us a significant surprise though. The PPI is much more important to the bond market than the sentiment index is, so look for it to be the biggest influence on Friday’s mortgage pricing.

Overall, it likely will be a moderately active week for New Hampshire mortgage rates. Besides the week’s economic news, look for the stock markets to be a major influence on trading. The most important day of the week is Friday with the PPI report on the agenda, but Wednesday’s 10-year Note auction could also heavily sway bond trading. It appears we will likely see the most movement in New Hampshire mortgage rates the latter part of the week unless the stock markets post sizable gains or losses the first part.

Rate Lock Advice for Today’s New Hampshire Mortgage Rates

If I were considering purchasing or refinancing a home and predicting likely New Hampshire mortgage rates, I would…

Lock if my closing was taking place within 7 days…
Lock if my closing was taking place between 8 and 20 days…
Float if my closing was taking place between 21 and 60 days…
Float if my closing was taking place over 60 days from now….

This is only a general opinion of what I would do if I were considering whether to lock or float today’s New Hampshire mortgage rates based on the current mortgage market. Your individual situation may be different. Contact me if you would like advice for your particular circumstances.

Copyright : Mortgage Commentary

Current New Hampshire mortgage rates for 30-year fixed-rate mortgages increased 1 basis point from 3.69% to 3.70% on Sunday. State mortgage rates today ranged from the lowest rate of 3.63% (ID, NJ) to the highest rate of 3.78% (MS). New Hampshire mortgage rates today are 1 basis point higher than the national average of 3.69%. The New Hampshire mortgage interest rate on May 6, 2012, is down 1 basis points from last week’s average New Hampshire rate of 3.71%.

New Hampshire mortgage rates quoted above are for the best borrowers and typically include points.

Find out what New Hampshire mortgage rates you qualify for instantly without providing personal information or a SSN.

(Source: Zillow)

Current New Hampshire mortgage rates for 30-year fixed-rate mortgages dropped 2 basis points from 3.71% to 3.69% on Saturday. State mortgage rates today ranged from the lowest rate of 3.63% (NJ, SD) to the highest rate of 3.81% (WY). New Hampshire mortgage rates today are 1 basis point higher than the national average of 3.68%. The New Hampshire mortgage interest rate on May 5, 2012, is down 4 basis points from last week’s average New Hampshire rate of 3.73%.

New Hampshire mortgage rates quoted above are for the best borrowers and typically include points.

Find out what New Hampshire mortgage rates you qualify for instantly without providing personal information or a SSN.

(Source: Zillow)