Kevin Wallace's (kevincwallace) Blog

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Mortgage and Lending - Merrimack Mortgage Company
RECENT BLOG POSTS
Found this home and did a bit of calculating on the payment side and, sure enogh, home values are definately in the affordable range again. With "right pricing" of homes, interest rates at historic lows and everybody and their brother Senator lined up to make the housing market right again, I thi...
01/19/2009
I have posted a great interview I recorded with Brian Larrabee of Estate of Mind, Inc. We discussed NH home vales and NH mortgage financing but the points raised are applicable in most parts of the country. To hear the interview head over to our NH real estate and mortgage blog. If you would like...
12/31/2008
Earlier this year and under pressure from the government, mortgage lenders made more than 200,000 loan modifications to delinquent homeowners. The modifications came in one of three forms, or a combination: Interest rate reduction Loan term extension Principal forgiveness But despite the modifica...
12/23/2008
Mortgage markets improved last week for the second week in row. After the Federal Reserve said it would use "all available tools" to stimulate the economy, traders responded by driving mortgage rates to 50-year lows. It didn't last long, however. After bottoming out early-Wednesday morning, mortg...
12/22/2008
When it comes to mortgage rates, sometimes it's better to "act now". On Tuesday, mortgage rates fell to their lowest levels in 4 years. It happened because the Fed said it would "employ all available tools" to resuscitate the economy. On Wednesday, however, the markets had second thoughts. After ...
12/18/2008
A "Housing Start" is a new home on which construction has commenced and in May, Housing Starts fell to a 17-year low nationally. At first glance, this may seem like a negative for the already-battered U.S. housing market. It's not. Falling Housing Starts reflects the broader real estate market an...
06/18/2008
There was no rest for the mortgage-rate weary last week. As mortgage bonds sold off early in the week, sharp rate hikes followed. A steady stream of better-than-expected economic reports had re-ignited inflation fears, drawing money from the bond market. On Friday, however, the money flow reverse...
06/09/2008
Mortgage rates are a big deal when you're buying a home. With even the slighest uptick in rates, 30 years of mortgage payments can get substantially more expensive and one of the most substantial threats to mortgage rates is an economic event called inflation. Inflation's influence on mortgage ra...
06/05/2008
If you are a  potential home buyer or an agent working with buyers, please take note: Mortgage financier Fannie Mae is toughening its mortgage application decision-making process effective Monday, June 2, 2008. The new guidelines will force many Americans to face higher mortgage rates, higher loa...
05/29/2008
The monthly S&P/Case-Shiller Housing Price Index is a popular and often-quoted measurement of the housing market's health. The chart above is sourced from its report published yesterday. In 18 of the 20 largest metropolitan areas, home values declined at a slower pace than in the previously meas...
05/28/2008
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Kevin Wallace

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