New Hampshire Mortgage Rates Blog

New Hampshire mortgage rates go up to 3.25% – Tuesday, January 1, 2013

Current New Hampshire mortgage rates for 30-year fixed-rate mortgages increased 9 basis points from 3.16% to 3.25% on Tuesday. State mortgage rates today ranged from the lowest rate of 3.20% (MA) to the highest rate of 3.41% (IA). New Hampshire mortgage rates today are 2 basis points lower than the national average of 3.27%. The New Hampshire mortgage interest rate on January 1, 2013, is up 3 basis points from last week’s average New Hampshire rate of 3.22%.

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)

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New Hampshire mortgage rates remain stable at 3.15% – Monday, December 31, 2012

Current New Hampshire mortgage rates for 30-year fixed-rate mortgages remained stable at 3.15% on Monday. State mortgage rates today ranged from the lowest rate of 3.15% (HI, NH) to the highest rate of 3.35% (ME). New Hampshire mortgage rates today are 8 basis points lower than the national average of 3.23%. The New Hampshire mortgage interest rate on December 31, 2012, is down 7 basis points from last week’s average New Hampshire rate of 3.22%.

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)

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Today’s New Hampshire Mortgage Rates Update – December 31, 2012 10:57:52 AM EST

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.

today's New Hampshire mortgage ratesMonday’s bond market has opened the last trading day of the year in negative territory. The stock markets are showing minor gains with the Dow up 6 points and the Nasdaq up 18 points. The bond market is currently down 10/32, which will likely push today’s New Hampshire mortgage rates higher by approximately .125 of a discount point over Friday’s pricing.

There is nothing of importance scheduled for tomorrow, so look for Fiscal Cliff headlines to drive trading the rest of today’s shortened session. The rest of the week bring us the release of only three monthly reports that are relevant to the bond market and New Hampshire mortgage rates, but two of them are considered to be highly important. In addition to those three reports, we also will get the minutes from the last FOMC meeting that have the potential to influence the markets and possibly New Hampshire mortgage rates.

The bond market will close at 2:00 PM ET today ahead of tomorrow’s New Year’s Day holiday, but the stock markets are scheduled to be open for a full day of trading. All banks and major U.S. financial markets will be closed tomorrow and will reopen Wednesday morning for regular hours.

The first report of the week is the Institute for Supply Management’s (ISM) manufacturing index for December late Wednesday morning. This highly important index measures manufacturer sentiment. A reading above 50 means that more surveyed manufacturing executives felt that business improved during the month than those who felt it had worsened. That indicates manufacturing sector strength rather than contraction. Analysts are currently expecting to see a 50.5 reading in this month’s release, meaning that sentiment strengthened from November’s 49.5. A smaller reading will be good news for the bond market and mortgage shoppers, while a higher than expected reading could lead to higher mortgage rates Wednesday morning as it would point towards economic strength.

Also Wednesday is the release of the minutes from the last FOMC meeting. This will give market participants insight to the Fed’s thinking and concerns regarding the economy, inflation and monetary policy. It is one of those pieces of information that may cause a great deal of volatility in the markets or be a non-factor, depending on what the minutes show. They will be released at 2:00 PM ET, so they won’t affect the markets or New Hampshire mortgage rates until afternoon hours. I don’t suspect this particular set of minutes will cause too much concern or excitement because the last FOMC meeting was followed by revised Fed forecasts and a press conference by Chairman Bernanke.

Overall, the key data of the week will be Friday’s monthly Employment report, but look for Wednesday to be active also due to the ISM report. We also have the Fiscal Cliff issue to deal with. As mentioned last week, I don’t believe we will get a permanent resolution as that would indicate a functional Congress, but they will probably work a temporary patch that will avert the consequences for the time being. Either way, a temporary or permanent resolution will likely fuel a stock rally and cause bond prices to move lower and New Hampshire mortgage rates to jump higher. On the other hand, more of the same old finger-pointing in Washington could lead investors to move funds into bonds and away from stocks.

I would like to take this opportunity to wish everyone a happy and safe holiday and a prosperous 2013.

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

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Today’s New Hampshire Mortgage Rates Update – December 30, 2012 10:00:18 PM EST

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.

today's New Hampshire mortgage ratesThis week bring us the release of only three monthly reports that are relevant to the bond market and New Hampshire mortgage rates, but two of them are considered to be highly important. In addition to those three reports, we also will get the minutes from the last FOMC meeting that have the potential to influence the markets and possibly New Hampshire mortgage rates and the Fiscal Cliff issue will be center stage the first part of the week.

There is nothing of importance scheduled for tomorrow, so look for Fiscal Cliff headlines to drive trading. The bond market will close at 2:00 PM ET tomorrow in observance of the New Year’s Day holiday, but the stock markets are scheduled to be open for a full day of trading. All banks and major U.S. financial markets will be closed Tuesday for the holiday and will reopen Wednesday morning for regular hours.

The first report of the week is the Institute for Supply Management’s (ISM) manufacturing index for December late Wednesday morning. This highly important index measures manufacturer sentiment. A reading above 50 means that more surveyed manufacturing executives felt that business improved during the month than those who felt it had worsened. That indicates manufacturing sector strength rather than contraction. Analysts are currently expecting to see a 50.5 reading in this month’s release, meaning that sentiment strengthened from November’s 49.5. A smaller reading will be good news for the bond market and mortgage shoppers, while a higher than expected reading could lead to higher New Hampshire mortgage rates Wednesday morning as it would point towards economic strength.

Also Wednesday is the release of the minutes from the last FOMC meeting. This will give market participants insight to the Fed’s thinking and concerns regarding the economy, inflation and monetary policy. It is one of those pieces of information that may cause a great deal of volatility in the markets or be a non-factor, depending on what the minutes show. They will be released at 2:00 PM ET, so they won’t affect the markets or New Hampshire mortgage rates until afternoon hours. I don’t suspect this particular set of minutes will cause too much concern or excitement because the last FOMC meeting was followed by revised Fed forecasts and a press conference by Chairman Bernanke.

Friday morning has the final two releases. The first comes at 8:30 AM when the Labor Department will post December’s employment figures. The Employment report is arguably the most important monthly release we see. It gives us the national unemployment rate, the number of jobs added or lost during the month and average hourly earnings, which is a key measure of wage inflation. Rising unemployment, a decline in payrolls and earnings would be ideal news for the bond market.

Current forecasts call for a 0.1% rise from November’s unemployment rate of 7.7%, 150,000 new jobs added to the economy and an increase in earnings of 0.2%. If we see weaker than expected results, New Hampshire mortgage rates should improve Friday. However, stronger than expected readings will likely raise optimism about the economy, pushing New Hampshire mortgage rates sharply higher.

The Commerce Department will post November’s Factory Orders data late Friday morning. This data gives us a fairly important measurement of manufacturing sector strength. It is similar to the Durable Goods Orders release that was posted late last week, except this report includes orders for both durable and non-durable goods. Durable goods are items that are expected to last three or more years such as electronics and autos. Examples of non-durable goods are food and clothing. Analysts are expecting to see an increase of 0.3% in new orders. This report generally does not have a huge impact on the bond market or New Hampshire mortgage rates, but it can influence bond trading enough to create a minor change in rates. However, since it follows the almighty Employment report, it will likely be a non-factor in Friday’s mortgage pricing.

Overall, the key data of the week will be Friday’s Employment report, but look for Wednesday to be active also due to the ISM report. We also have the Fiscal Cliff issue coming to a head early this week. As mentioned last week, I don’t believe we will get a permanent resolution as that would indicate a functional Congress, but they will probably work a temporary patch that will alleviate the avert the consequences for the time being. Either way, a temporary or permanent resolution will likely fuel a stock rally and cause bond prices to move lower and New Hampshire mortgage rates to jump higher. On the other hand, more of the same old finger-pointing in Washington could lead investors to move funds into bonds and away from stocks.

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

Read this article…

New Hampshire mortgage rates go up to 3.22% – Sunday, December 30, 2012

Current New Hampshire mortgage rates for 30-year fixed-rate mortgages increased 2 basis points from 3.20% to 3.22% on Sunday. State mortgage rates today ranged from the lowest rate of 3.17% (OK) to the highest rate of 3.29% (KS). New Hampshire mortgage rates today are equal to the national average of 3.22%. The New Hampshire mortgage interest rate on December 30, 2012, is equal to last week’s average New Hampshire rate of 3.22%.

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)

Read this article…

New Hampshire mortgage rates remain stable at 3.20% – Friday, December 28, 2012

Current New Hampshire mortgage rates for 30-year fixed-rate mortgages remained stable at 3.20% on Friday. State mortgage rates today ranged from the lowest rate of 3.16% (CT) to the highest rate of 3.34% (NV, WI). New Hampshire mortgage rates today are 4 basis points lower than the national average of 3.24%. The New Hampshire mortgage interest rate on December 28, 2012, is down 9 basis points from last week’s average New Hampshire rate of 3.29%.

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)

Read this article…

Today’s New Hampshire Mortgage Rates Update – December 28, 2012 10:22:18 AM EST

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.

today's New Hampshire mortgage rates

Friday’s bond market has opened in positive territory with no progress in resolving the Fiscal Cliff issue. The stock markets are equally reacting to the news with another round early selling that has the Dow down 80 points and the Nasdaq down 15 points. The bond market is currently up 9/32, which should improve today’s New Hampshire mortgage rates by approximately .125 – .250 of a discount point.

There is nothing of relevance scheduled for release today that is expected to influence New Hampshire mortgage rates. That leaves the stock markets and Fiscal Cliff news to drive trading the rest of the day. If the major stock indexes are able to recover this morning’s early losses, we could see pressure in bonds that leads to a slight increase in New Hampshire mortgage pricing later today. However, if they extend this morning’s losses, we should see bond prices move higher and mortgage rates lower. If the major stock indexes remain near current levels, mortgage rates should follow suit.

Next week’s schedule is close to being the same as what this week was. The bond market will close early Monday morning and all markets will be closed Tuesday for the New Year’s Day holiday. The difference is that there are much more important reports being released than we saw this week. There is nothing of relevance scheduled for Monday and it will likely be a very light trading day as we saw this past Monday.

Also worth noting is the scheduled congressional meetings in Washington over the weekend in an effort to resolve the Fiscal Cliff issue. They will likely influence market trading and possibly New Hampshire mortgage rates come Monday morning. If there is any sign of progress of in resolving the issue, we should see stocks jump Monday morning and bonds suffer, causing upward revisions to mortgage rates. No progress whatsoever could fuel bond buying and lower New Hampshire mortgage pricing. It is my opinion that a temporary patch is the most likely result that would push the real issue to a later date. But that obviously is just speculation. My point is that we could see a volatile day Monday, especially since many traders may still be home for the holiday. The mixture of thin trading and any related news makes it a potentially volatile day.

Some of the key reports that are scheduled for release the latter part of the week include the Institute for Supply Management’s (ISM) manufacturing index and the almighty monthly Employment report. There are a couple of other releases also scheduled, so there is a high probability of having an active week for New Hampshire mortgage rates. Look for details on next week’s agenda in Sunday’s weekly preview.

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

Read this article…

New Hampshire mortgage rates remain stable at 3.21% – Thursday, December 27, 2012

Current New Hampshire mortgage rates for 30-year fixed-rate mortgages remained stable at 3.21% on Thursday. State mortgage rates today ranged from the lowest rate of 3.13% (MS) to the highest rate of 3.37% (IN). New Hampshire mortgage rates today are 5 basis points lower than the national average of 3.26%. The New Hampshire mortgage interest rate on December 27, 2012, is down 8 basis points from last week’s average New Hampshire rate of 3.29%.

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)

Read this article…

Today’s New Hampshire Mortgage Rates Update – December 27, 2012 10:53:24 AM EST

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.

today's New Hampshire mortgage rates

Thursday’s bond market had opened initially down slightly but has since moved into positive territory once this morning’s late economic news was posted. Helping to boost bond prices are early stock losses that have pushed the Dow lower by 75 points and the Nasdaq down 17 points. The bond market is currently up 5/32, which should improve today’s New Hampshire mortgage rates by approximately .125 of a discount point.

There were three pieces of economic data posted this morning, one at 8:30 AM ET and two at 10:00 AM. The early one came from the Labor Department, who announced that 350,000 new claims for unemployment benefits were filed last week. This was well below the previous week’s total and fell well short of the 375,000 new claims that were expected. This data indicates that the employment sector was stronger than many had thought last week, making the data negative for the bond market and New Hampshire mortgage rates. Fortunately, since this report tracks only a single week’s worth of initial claims, its impact on this morning’s rates has been fairly minimal.

The Conference Board released their Consumer Confidence Index (CCI) for December late this morning, showing a reading of 65.1 that was far short of the 70.0 that was forecasted and a larger drop from November’s 73.7. This means that surveyed consumers were much less optimistic about their own financial situations than many had expected. Because that is a sign that consumers may be spending less in the immediate future, we can consider this data very good news for the bond and mortgage markets.

Also posted at 10:00 AM ET was November’s New Home Sales report that gave us a measurement of housing sector strength. It revealed a 4.4% jump in sales of newly constructed homes, exceeding forecasts. However, the larger than expected increase is more of a result of a downward revision to October’s sales than more sold homes. The actual number of homes sold was close to what analysts had expected. Since this data covers such a small portion of all home sales and the difference wasn’t too alarming, we can consider this report neutral for New Hampshire mortgage rates. I don’t believe this morning’s results are influencing bond trading or mortgage rates during late morning trading.

Tomorrow has nothing scheduled in terms of economic news that is relevant to New Hampshire mortgage rates. We can expect Fiscal Cliff news to be the biggest influence on the markets and mortgage pricing tomorrow. Any sign of a temporary or permanent resolution will probably fuel stock buying and bond selling, leading to higher mortgage rates. If the stalemate continues with no progress, we should see a positive day for bonds and a small improvement in New Hampshire mortgage pricing.

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…
Float 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

Read this article…

New Hampshire mortgage rates go down to 3.23% – Wednesday, December 26, 2012

Current New Hampshire mortgage rates for 30-year fixed-rate mortgages dropped 2 basis points from 3.25% to 3.23% on Wednesday. State mortgage rates today ranged from the lowest rate of 3.13% (MT) to the highest rate of 3.40% (KY). New Hampshire mortgage rates today are 3 basis points lower than the national average of 3.26%. The New Hampshire mortgage interest rate on December 26, 2012, is down 6 basis points from last week’s average New Hampshire rate of 3.29%.

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)

Read this article…