Europeans Reach Agreement European Agreement Reached To the relief of investors, European leaders reached agreement to provide aid to countries with debt troubles. Investors reversed the flight to safety trade, pushing mortgage rates higher. The economic data released during the week was positive… Read Full Article Share FacebookTwitterLinkedIn
Little Change in Mortgage Rates This Week European debt problems remained the primary focus this week, and shifts in sentiment caused a lot of volatility, but there was a lack of concrete news. The next decisions from European officials are expected to be revealed next week. The… Read Full Article Share FacebookTwitterLinkedIn
High-end sales remain strong in Seacoast housing market Reprinted from Seacoast On-Line PORTSMOUTH — The Seacoast’s higher end real estate market continued its remarkable rally in July with eight sales exceeding $1 million. That would be two more than last July, according to the Seacoast Board of Realtors,… Read Full Article Share FacebookTwitterLinkedIn
Interest Rates Have Nowhere to Go but Up Reprinted from the New York Times By NELSON D. SCHWARTZ Even as prospects for the American economy brighten, consumers are about to face a new financial burden: a sustained period of rising interest rates. Household Debt vs. Interest Rates That,… Read Full Article Share FacebookTwitterLinkedIn
Mortgage Rates Moving Higher Mortgage Rates Move Higher Investors grew more optimistic about US economic growth and less concerned about Europe this week. This helped the stock market rally during the week. For mortgage rates, though, this news was not favorable. After reaching new… Read Full Article Share FacebookTwitterLinkedIn
Today’s Great Rates Rates have gone up, but the good news is that there is still time to take advantage of historical lows. Call us today to begin the process and close before the end of the month. Read Full Article Share FacebookTwitterLinkedIn