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19 Rosemary Ln
39 Augusta Way
54 Cattail Loop
33 Johnson Drive
Why Some Buyers Are Feeling Like They Missed Out
Daily Real Estate News | Tuesday, June 11, 2013
Mortgage rates and home prices are on the rise, and some home buyers who were waiting around for the housing market to reach bottom are realizing now they may have missed the boat.
Mortgage rates are inching up, with the 30-year fixed-rate mortgage averaging 3.91 percent last week -- up from 3.3 percent in early May, according to mortgage giant Freddie Mac.
"It's unlikely that rates will ever be that low again," says Doug Duncan, Fannie Mae's chief economist.
The Fed has been keeping interest rates at record lows by buying up to $85 billion a month in Treasury bonds and mortgage-backed securities, which has helped bolster the housing market.
"Up until recently, expectations were that the Fed would begin to taper purchases of mortgage-backed securities and Treasury bonds late in 2013, but that time frame appears to have moved to September, possibly sooner," says Keith Gumbinger, vice president of HSH.com, a mortgage information company.
As the economy continues to gain traction, interest rates are expected to continue to increase, Gumbinger says, since low rates often are associated with a distressed economy.
But even if mortgage rates move up a percentage point or two, housing experts note that mortgage rates will still be low by historical standards.
"The 30-year [mortgage rate] hit a 37-year low in 2003 at 5.23 percent," Gumbinger says. "That was the previous low-watermark prior to this financial crisis, and it's likely we will move closer to that mark as we grind forward."
Source: “Why You Missed the Boat On Record-Low Mortgage Rates,” CNNMoney (June 6, 2013)
East Kingston, NH
East Kingston is a rural New England town located in Rockingham County, in southern New Hampshire. It is situated in the heart of the seacoast area. It is 45 minutes from Boston, 30 minutes from Portsmouth and Manchester, and just 10 minutes from Exeter.
East Kingston is part of the Exeter Regional Cooperative School District of SAU 16, located in Exeter. East Kingston students also attend the East Kingston Elementary School, the Cooperative Middle School in Stratham, and the new Exeter High School.
East Kingston is drained by the Powwow River and the Great Brook. The town lies within the Piscataqua River watershed on the north, and the Merrimack River watershed on the south. The summit of Morse Hill is the highest point of town.
According to the 2000 U.S. Census Bureau, East Kingston’s population at the time was 1,784 people. This included 629 households and 508 families. The average family size was 3.13 and the average household size was 2.84. East Kingston is comprised of 10 square miles of land and 0.1 square miles of water.
East Kingston Real Estate and Homes: In 2000, there were 648 homes and an average of 65 homes (houses / condos) per square mile. In 2007, it was estimated that real estate in East Kingston was comprised of a total of 871 homes. This included 746 single-family homes and 61 multi-unit homes.
Please contact Better Homes and Gardens Real Estate The Masiello Group for homes for sale in East Kingston, New Hampshire, homes for sale in Rockingham County, New Hampshire, and for all your real estate needs.