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December 30, 2010

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home buyer

This was kind of a bizarre year for the mortgage market. In the first half of the year, you had a decent number of home sales keeping mortgages for purchases stable, thanks to the home buyer credit. In the second half of the year, that changed as demand crumbled when the credit was withdrawn. At the same time, you had very low mortgage interest rates throughout much of the year cause a mini-refinancing boom. 2011 will look very different, as the housing demand continues to struggle and mortgage interest rates have begun rising.

Dan

Great points. 2010 is a record year for foreclosure deeds in NH, according to NH Housing Finance Authority. The authority tracked a decrease in October and November, but attributed it to those moratoriums. We'll see.

Who owns phone

Well, I believe you just made an excellent point. You certainly fully understand what you are speaking about, and I can truly get behind that. Thanks for staying so upfront and so sincere.

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