About Merrimack County, NH

The Mortgage Interest Rate Lock Advisory for Concord NH for September 24, 2009

Here are some of the events affecting mortgage interest rates today in Concord, New Hampshire.

What the Mortgage Backed Securities Market is Doing Today:

The price of the FNMA 30-Year 4.5% MBS coupon opened flat this morning - the same as yesterday's close - at 100.94.

The price of the FNMA 30-Year 4.5% MBS coupon closed up 9/32 yesterday at 100.94 (as shown by the white line). MBS is currently trading up 5/32 at 100.81 (as shown by the blue line). Remember, on mortgage backed securities (MBSs), as the price goes up, the yield comes down - and mortgage interest rates come down with it. I expect that mortgage interest rates will essentially be the same in price today as compared to yesterday.

Economic Reports, News, and Events Affecting Mortgage Interest Rates Today:

• Durable Goods Orders for August - orders for durable goods came in well below expectations in August. Orders for durable goods fell 2.4%, and is well below the 1.0% increase that was expected. This follows a 4.8% increase in July. This report gives us an indication of manufacturing sector strength by tracking orders placed with manufacturers for immediate and future delivery of durable goods. The transportation sector fell 9.3% as compared to July, mostly due to the 29.9% plunge in aircraft orders. When transportation is excluded, orders for durable goods in August remained unchanged. Decreases in durable goods orders usually leads to an increase in prices of mortgage backed securities and a drop in mortgage interest rates. However, it appears that this report had a minimal impact on the mortgage market this morning.
  
  
• University of Michigan's Index of Consumer Sentiment Revised Reading for September - the reading came in at 73.5, and is better than expected. The reading the previous month was 70.2. Normally, a higher than expected reading usually leads to an increase in prices of mortgage backed securities and a drop in mortgage interest rates. However, it appears that this report also had a minimal impact on the mortgage market this morning.
  
  
• New Home Sales for August - New home sales fell 9.6% to an annualized rate of 429,000 homes. Analysts expected the report to reveal a slight increase to 445,000 new home sales. While sales of new homes fell, the inventory of new homes on the market also fell. The current inventory now stands at 7.5 months - the lowest level since August 2007. This means that if no new homes come on the market, it will take 7.5 months to sell the current inventory assuming that the rate of sales remains unchanged. However, this data is usually not considered to be very important to the mortgage market.

What's Happening With Mortgage Interest Rates Today:

Low to Moderate Volatility. Overall, look for less volatility in the mortgage market today as compared to yesterday.

My Mortgage Interest Rate Lock Advice for Today:

If I were considering financing/refinancing a home, I would...

• Lock if my closing was taking place within the next 7 days
• Float if my closing was taking place between 8 and 30 days
• Float if my closing was taking place between 31 and 45 days
• Float if my closing was taking place between 46 and 60 days

This is only my opinion of what I would do if I were financing a home. It is only an opinion and cannot be guaranteed to be in the best interest of any or all other borrowers.

For the best mortgage interest rates in Concord, NH, click here.

Hooksett, New Hampshire Active Adult Living Communities

Located just 55 miles north of Boston, Massachusetts the community of Hooksett, New Hampshire is located just between the state capital of Concord to the north and the fast-paced city of Manchester to the south.

Set halfway between Boston and the White Mountains, Hooksett is perfectly located for city commuters and outdoor lovers alike. Convenient to just about anywhere, Hooksett offers easy access to major highways and is less than a hours drive to Boston, MA the New Hampshire seacoast and the New Hampshire Lakes Region.

Many styles of adult community condominiums are available for sale in Hooksett including garden style condos, multi floor townhouse and detached single family style homes. Each home and each development has it’s own unique style and flair.

Hooksett has adult living communities just waiting for you to move in. These include Berry Hill Estates, Brook Ridge, Stonegate and Webster Woods.

Berry Hill Estates - Berry Hill Estates in the active town of Hooksett, New Hampshire and start living the good life. This over-55 community offers residents not just beautiful, comfortable and stylish homes, but also the convenience of living smack-dab between two of the most livable cities in the country, Concord and Manchester. Simplified living has never been so luxurious and the Berry Hill Estates community has never been so approachable. Stop shoveling, raking and mowing right now and get yourself over to Berry Hill Estates where you can start living the lifestyle you so richly deserve.

Brook Ridge - Move into Brook Ridge and start living the active adult lifestyle you’ve been hearing so much about. Located in Hooksett, New Hampshire, Brook Ridge offers you maintenance-free properties with beautiful homes, all just waiting for you to move into. These single-level two-bedroom homes are perfect for those over 55 and you’ll fall in love the first time you lay eyes on them. Brook Ridge: it’s a little slice of Heaven right here in Hooksett.

Stonegate - Stonegate is a newer adult community of 32 single level, ranch style, duplex townhome condominiums. These condos have many amenities including a first floor master bedroom, fireplace, three season porch, large master walk-in closet, full basements, central A/C and attached garage.

Webster Woods - The community of Webster Woods encompasses approximately 40 acres in Hooksett, NH. The community is being developed in two phases and will consist of 53 duplex and single homes style condominiums. Each single-level open-concept home style is thoughtfully designed to maximize comfort, efficiency, and the natural light of east-to-west exposure.

Located just minutes from Manchester, Webster Woods will allow for easy access to dining, shopping, services and recreation opportunities. Webster Woods also features a well-appointed community clubhouse for residents to enjoy each others' company, as well as for hosting private parties with family and friends. A great community for those looking for a lifestyle in a charming 55+ community.

A single visit to one of these communities will leave you wondering why you waited so long to purchase a home in an active adult living community.

If you're over 55 you can buy into an active Adult Living Community in southern NH and say goodbye to yard work and snow removal forever.

For more information about the town of Hooksett, NH and Hooksett NH Active Adult Communities visit my Southern New Hampshire Real Estate website for the most comprehensive list of adult communities in New Hampshire.

You can contact Jim Miller a Southern New Hampshire Realtor with Coldwell Banker Residential Brokerage at 603-801-3987 or email at Jim@JimSellsNH.com

This Energy Star Certified New Home is waiting for you to move in.

Open house schedule for September:

Mon - 11-8

Tue - 11-4

Wed - closed

Thur - 11-4

Fri - 11-4

Sat - 11-4

Sun - 11-4

Mention seeing this blog post to the agent on duty when you visit and I will send you a free gift. Come visit me on Sept 13 and I will have the gift there for you personally. If I run out, I promise to hand deliver or mail.

Visit Innovative Realty for information on more housing options.

Visit me for a little more information on what I can do to help in your search.

Send me an email or call me and I will be happy to arrange a showing to fit your schedule.

This Energy Star Certified New Home is waiting for you to move in.

Open house schedule for September:

Mon - 11-8

Tue - 11-4

Wed - closed

Thur - 11-4

Fri - 11-4

Sat - 11-4

Sun - 11-4

Mention seeing this blog post to the agent on duty when you visit and I will send you a free gift. Come visit me on Sept 13 and I will have the gift there for you personally. If I run out, I promise to hand deliver or mail.

Visit Innovative Realty for information on more housing options.

Visit me for a little more information on what I can do to help in your search.

Send me an email or call me and I will be happy to arrange a showing to fit your schedule.

This Energy Star Certified New Home is waiting for you to move in.

Open house schedule for September:

Mon - 11-8

Tue - 11-4

Wed - closed

Thur - 11-4

Fri - 11-4

Sat - 11-4

Sun - 11-4

Mention seeing this blog post to the agent on duty when you visit and I will send you a free gift. Come visit me on Sept 13 and I will have the gift there for you personally. If I run out, I promise to hand deliver or mail.

Visit Innovative Realty for information on more housing options.

Visit me for a little more information on what I can do to help in your search.

Send me an email or call me and I will be happy to arrange a showing to fit your schedule.