Interest Rate are they on the rise?

National News keeps hinting that interest rate will be on the rise soon. 

Locally check out the rates that are available at Mascoma Bank, one of the lenders I suggest to Buyers.  Ryan Trembly is always ready to help my customers and clients.  If you are thinking of Buying or refinancing it is worth talking with Mascoma Bank.

Subject: Checkout The Great Rates at Mascoma Savings Bank

December 1, 2015 Mascoma Savings Bank  Mortgage Rate Update www.Mascomabank.com   Term Rate   APR Payment per $1,000 Points     Fixed Rates     30 Year Fixed 3.875% 3.910% $4.70 0.00 15 Year Fixed 3.125% 3.184% $6.97 0.00       30 Year Fixed Jumbo Loans Over $417,000 3.990% 3.998% $4.77 0.00       Adjustable Rates     *7/1 Year Adjustable Rate Maximum Term 30 Years Margin 2.875 Caps 5/2/5 - Floor 4.000 3.625% 3.860% $4.56 0.00     5/1 Year Adjustable Rate Maximum Term 30 Years Margin 2.875 Caps 2/6 - Floor 4.000 3.125% 3.729% $4.28 0.00       Visit www.MascomaBank.com for all current rates       Mortgage Loans: APRs (Annual Percentage Rates) assume a 20% down payment and are based upon a $100,000 loan, a $25 Flood Determination Fee and a $399 Processing Fee (first mortgages only). Other down payment options are available. Variable rates may be increased after consummation. Rates and programs are subject to change without notice.      For Information and Marketing Purposes

 

I am never to busy for your referrals

*The listings in the chart above are subject to errors, omissions, and changes without prior notice. Information was downloaded from NNEREN. RE/MAX Upper Valley may or may not be the listing agent for these properties. Additional properties not on MLS may be available and not referenced

*Your information is not confidential until you have entered into an agreement for representation

Click here to view NH Brokerage Relationship Disclosure Form

Click here to view VT Mandatory Consumer Disclosure

Thank you for your time;

Deb Roberts CHMS

RE/MAX Upper Valley Partners

Upper Valley Realtor of the Year 2010

| mobile: 603-381-3977 | www.DebHome4U.com | 603-298-8900

Licensed in New Hampshire and Vermont

 

 

 

Economic Commentary from one of my mortgage people

I have several lenders who provide me with information about the mortgage market I thought it would be good to add their information to my blog for all my reader to read.  Especially with the word on the street saying interest rates might be going up. 

Happy Thanksgiving.

Deb Roberts
Subject: Economic Commentary from Peter Jennings, November 25, 2015

 

Current Economic News

To view this email as a web page, click here.   Peter Jennings Licensed Loan Officer Merrimack Mortgage Company, LLC 603-865-5686 pjennings@merrimackmortgage.com Quiet Thanksgiving Week Despite an increase in geopolitical tension, it was a quiet week for mortgage rates. The major recent economic data contained few surprises. Mortgage rates ended the week slightly lower. The recent major economic data met or exceeded expectations nearly across the board, keeping the outlook for a likely Fed rate hike on December 16 on track. Third quarter Gross Domestic Product (GDP), the broadest measure of economic growth, was revised higher at 2.1% from 1.5%. Durable orders, another important indicator of economic activity, picked up strongly in October. Personal income showed solid growth in October as well. The recent housing data came in very close to the expected levels. October existing home sales declined a little from September, but remained near the best levels of the year, and were 4% higher than a year ago. The inventory of existing homes for sale declined. October new home sales surged 11% from September, and the inventory increased to the highest level since early 2010. Since new home sales measure contracts signed, while existing sales measure closings, new home sales better reflect current activity. Looking ahead, the report on pending home sales will be released on November 30. The ISM national manufacturing index will come out on December 1. The next Employment report will be released on December 4. Events outside the U.S. could influence mortgage rates as well. An escalation in the recent violence could cause investors to shift to safer assets. The European Central Bank meeting on December 3 also could have an impact on bond yields around the world. Commentary provided by MBSQuoteline. For live MBS pricing visit www.mbsquoteline.com.   This email was sent by: Peter Jennings NMLS #333292; Licensed in NH, VT & FL; Branch NMLS #254998 Merrimack Mortgage Company, LLC NMLS ID #2561 120 Route 10 S Grantham, NH 03753 Let's Connect   This letter is for information purposes only and is not an advertisement to extend customer credit as defined by Section 12 CFR 1026.2 Regulation Z. Program rates, terms and conditions are subject to change at any time. This letter is for informational purposes only and is not an offer to extend credit. Program, rates, terms and conditions are subject to change and underwriting approval. Merrimack Mortgage Company, LLC. NMLS ID #2561. Licensed by the New Hampshire Banking Department, Additionally licensed in ME, VT, Rhode Island Licensed Lender, Licensed by the New Jersey Department of Banking and Insurance. Federally registered in Florida, Connecticut, Massachusetts and Pennsylvania. 11/15 Privacy Statement | Unsubscribe

I am never to busy for your referrals

*The listings in the chart above are subject to errors, omissions, and changes without prior notice. Information was downloaded from NNEREN. RE/MAX Upper Valley may or may not be the listing agent for these properties. Additional properties not on MLS may be available and not referenced

*Your information is not confidential until you have entered into an agreement for representation

Click here to view NH Brokerage Relationship Disclosure Form

Click here to view VT Mandatory Consumer Disclosure

Thank you for your time;

Deb Roberts CHMS

RE/MAX Upper Valley Partners

Upper Valley Realtor of the Year 2010

| mobile: 603-381-3977 | www.DebHome4U.com | 603-298-8900

Licensed in New Hampshire and Vermont

 

 

Year to Date 2015 Hanover Residential Market

Hanover MARKET OVERVIEW

The residential market in Hanover has continued to rise through November 2015, with a 6.1% increase in sale price over 2014. Number of home sold year to date 72,  compared to a total of 80 homes sold in 2014. Currently with 9 homes pending sale, Hanover will sell more homes this year than in 2014.  Average days on market are only 27, the Hanover market does not look like it will slow anytime soon. 

If you are interested in understanding how your market is in either New Hampshire or Vermont please feel free to email me at Deb@uvmaxre.com for your individual information.

 

DEFINITIONS

Transactions are the total number of closed residential (Single Family) transactions during the given month.

Median Sales Price is the median price of all specified properties sold during the specified time period.

MLS data has been used, while MLS data is believed to be accurate, it cannot be guaranteed. MLS data is constantly being updated, making any analysis a snapshot at a particular time.  

I am never to busy for your referrals

*The listings in the chart above are subject to errors, omissions, and changes without prior notice. Information was downloaded from NNEREN. RE/MAX Upper Valley may or may not be the listing agent for these properties. Additional properties not on MLS may be available and not referenced

*Your information is not confidential until you have entered into an agreement for representation

Click here to view NH Brokerage Relationship Disclosure Form

Click here to view VT Mandatory Consumer Disclosure

Thank you for your time;

Deb Roberts CHMS

RE/MAX Upper Valley Partners

Upper Valley Realtor of the Year 2010

| mobile: 603-381-3977 | www.DebHome4U.com | 603-298-8900

Licensed in New Hampshire and Vermont