Salem, NH

Home Value Update for Salem NH Through September 2009

According to Zillow.com, the listing prices of single family homes have increased 5.0% in the last 3 months, while listing prices of condos have declined 0.2%. The current mean listing price of homes for sale on the market in Salem, NH, is $280,000. Below is a chart of the trend of listing prices of homes for sale in Salem, NH, in the past year through September 2009:

If you're looking for a home or condo to purchase in Salem, NH, or in the surrounding area, then try this home search.

You can still buy a home with no money down with the USDA Rural Development Home Loan program. With the FHA Mortgage program, you can purchase a home with as little as 3.5% down. When you're ready to buy a home, find out how much home or condo you can afford to purchase in Salem, NH, or in the surrounding area.

Get a Free List of Websites of Government and Bank Foreclosure Listings in Salem, NH

There are a number of websites that contain free listings of government and bank foreclosed homes in Salem, NH. These websites contain descriptions, color photos, and addresses of the foreclosed homes for sale in Salem, NH. And, most of these websites have government and bank foreclosure listings nationwide.

There's no charge to search the foreclosure listings on any of these websites, and there's no 7-day free trial period either. Virtually all of these websites do not require any personal information to get access to the government and bank foreclosure listings. You can access these foreclosure listings anytime you want and as often as you want - free of charge!

Get your own directory of free websites of government and bank foreclosures in Salem, NH. While registration is required to get access to the directory of free websites of foreclosures, the information will be provided to you instantly, and is completely free-of-charge and without any obligation!

FHA, VA, and USDA Rural Development Loans in Salem, NH

Are you looking for a home mortgage loan in the Salem, NH area?

Then you've come to the right place! Northeast Community Mortgage is a mortgage broker serving Salem, NH, and many of the surrounding areas.

When you decide to buy a home or refinance a mortgage in Salem, NH or in the surrounding area, your search for a home mortgage loan should start and end here. With so many lenders to choose from in the greater Salem area, you should choose one you can trust to find the mortgage loan that will best meet your needs.

As a mortgage broker, we help our clients obtain a loan from the lender who has the terms that best matches their needs. In terms of mortgage programs, we specialize in FHA, VA, and USDA Rural Development loans. We also offer fixed and adjustable rate conventional and conforming jumbo loans. So, before your first house-hunting trip, whether it's in Salem or in any of the surrounding areas, we'll help you select the best financing program for your needs.

Sure, there are dozens of big bank mortgage lenders nationally, but you need a lender in Salem. Why? Because we know Salem and the surrounding areas. We know the local real estate agents, appraisers, inspectors, and so much more.

We also have state-of-the-art technology that makes the mortgage loan process as easy and fast as possible, all while delivering personal customer service that can't be beat. We'll also take care of all the details, and make your transaction as smooth and worry free as possible.

Our services and financial resources enable us to make loans other lenders do not. We pride ourselves on being a mortgage broker with experience. We are also well-respected within the wholesale loan community, as evidenced by our relationships with lenders such as Provident Funding, Wells Fargo, and Flagstar, to name a few.

Don't gamble your family's largest investment with a big name lender that may not know Salem. Choose us, the Salem mortgage and loan specialists!

Home mortgage loans in Salem:

• We'll help you find the perfect home loan or mortgage.

Refinance mortgage loans, or refinancing your current home in Salem:

• We help Salem families lower their mortgage payments and/or lock in lower interest rates for their home loans every day.

FHA Loans, VA Loans, USDA Rural Development Loans, and so much more!

• No matter what type of home loan you need, we're ready to help.

We'll give you the personal attention you deserve and treat you as a valued customer. Get the best available mortgage interest rates for your situation in Salem, NH!

The Mortgage Interest Rate Lock Advisory for Salem NH for October 30, 2009

Here are some of the events affecting mortgage interest rates today in Salem, NH.

What the Mortgage Backed Securities Market is Doing Today:

The price of the FNMA 30-Year 4.5% MBS coupon opened at 100.97 this morning - up 6/32 from yesterday's close.

The FNMA 30-Year 4.5% MBS coupon is currently trading at 100.97 - the same as its opening. 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 be the same or 0.125% better in price this morning as compared to yesterday.

Recent Activity in Mortgage Backed Securities:

The chart below shows the price trend of the FNMA 30-Year 4.5% coupon over the past 30 days:

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

• Personal Income and Outlays Report for September - as expected, there was no change in income, and there was a 0.5% decline in consumer spending in September. This follows a 0.2% rise in personal income and a 1.3% rise in consumer spending in August. While year-to-year income is up 1.5%, it's the lowest increase on record. Meanwhile, real consumer spending declined 0.6% in September after a 1.0% rise in August.
  
  This index is watched closely because consumer spending makes up two-thirds of the U.S. economy. This data gives us an indication of the consumer's ability to spend and as well as their current spending habits. A rising income indicates that consumers have more money to spend and makes economic growth more of a possibility. While the index came in as expected, consumer spending fell. This could mean a weak retail spending this holiday season. That led to an increase in prices of mortgage backed securities rose which led to a decrease in mortgage interest rates this morning.
  
  
• 3rd Quarter Employment Cost Index (ECI) - there was a 0.4% rise in employment costs last month - the same as the previous month - and is slightly less than the 0.5% increase that was expected. This index tracks employer costs for salaries and benefits. This report had no impact on the mortgage market or mortgage interest rates this morning.

• Update to University of Michigan's Index of Consumer Sentiment - the consumer confidence reading rose to 70.6, a little more than the 70.0 reading that was expected, and follows a 69.4 reading the previous month. This suggests that consumer confidence is holding fairly steady. This index is moderately important because consumer sentiment is directly related to the strength of consumer spending. This report had little impact on the mortgage market this morning.

For more anlayis on today’s economic reports and the impact is had on the markets, watch this video from CNBC:

In other news, the appropriations committees in both the House and Senate are proposing to extend the temporary conforming jumbo loans limits through 2010. The appropriations bill still face votes a full vote in both the House and Senate.

Also on tap is the extension and expansion of the homebuyer tax credit. The latest version would extend the $8,000 first-time homebuyer tax credit to home sales that go under contract by April 30 and close by June 30, 2010. A new $6,500 tax credit would be available for other home buyers who have owned a home during five of the eight previous years. Additionally, the annual income limit to qualify for the tax credit would be $125,000 if you're single and $250,000 for couples. The first-time homebuyer tax credit bill also still face votes a full vote in both the House and Senate.

There are a number of economic reports scheduled for release next week including the monthly employment situation report on Friday. The Federal Open Market Committee (FOMC) will also meet again next week. Look for more details on next week's events on Monday.

What's Happening With Mortgage Interest Rates Today:

Light to moderate volatility. Overall, it has been an active - and volatile - week for the mortgage market and mortgage interest rates. I expect that the markets will settle down today and expect to see some calmness.

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.

Get today's mortgage interest rates for your situation in Salem, NH.

Salem, New Hampshire Active Adult Living Communities

Located just 35 miles north of Boston, Massachusetts, Salem offers small town rural living with all the advantages of a city.

Set halfway between Boston and Concord New Hampshire, Salem is perfectly located for city commuters and outdoor lovers alike. Convenient to just about anywhere, Salem offers close proximity to Nashua, Manchester and Concord NH. Easy access to both Routes 93, 101 and 495 allow for 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 Salem 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.

Salem has adult living communities just waiting for you to move in. These include Kensington Place, The Club at Meadowbrook, The Village at Braemoor Woods, The Village at Town Center, Wellington Court and Winterwood.

Kensington Place - An active adult community for age 55 and over. Garden style condominiums offer comfortable one floor living, optional covered parking, elevator, club house with fitness center and swimming pool. Standard features include maple cabinets and tile flooring. One car garage under and storage area. Convenient to major highways and shopping. A great community for those looking for a lifestyle in a charming 55+ community.

The Club at Meadowbrook - The Club at Meadowbrook offer too many amenities to mention. One visit to these beautiful garden style condominium and you’ll be sold. From the luxurious one and two bedroom condos to the incredible clubhouse and wonderful grounds surrounding Meadowbrook, this place is just delightful.

The Village at Braemoor Woods - The Village at Braemoor Woods is an upscale 55+ community offering luxurious single-story garden style condominiums at incredibly affordable prices. Every one of the 93 one and two bedroom units includes a gourmet kitchen with granite countertops and maple or cherry cabinets. Each condo also includes two baths, deck, crown molding in the living room, hardwood and carpeted floors and a washer/dryer hookup and personal storage space located in the underground parking area. Elevators will bring you to your floor so there’s no longer a need to climb flight after flight on stairs.

The Village at Town Center - The Village at Town Center is an active adult community specifically designed for those 55 and older, catering to the needs of older adults who want to remain active and independent. The Village at Town Center offers luxury, affordability, convenience and great neighbors.

Wellington Court - The good life begins at Wellington Court. A small community of luxurious homes featuring solid cherry cabinets, Brazilian cherry floors, granite countertops, stunning ceramic tile kitchens and 2.5 bathrooms. Enjoy one level living in this 55+ community of 16 upscale detached homes. Close to route 93, this is a unique 55+ neighborhood with no association fees. Convenient to shopping, restaurants and Boston MA.

Winterwood - Coming soon the community of Winterwood will offer garden style adult living condominiums.

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 Salem, NH and Salem 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