New Hampshire Mortgage Refinance

From Manchester (03101) to Concord (03301), home owners in New Hampshire are lowering their monthly payment by refinancing their mortgage. Mortgage refinance rates in New Hampshire start as low as 5.04% APR to 5.90% APR for a fixed rate 30 year product or 4.34% APR to 5.42% APR on a 15 year fixed mortgage. The 1,314,895 New Hampshire residents should compare quotes from a variety of local lenders to identify the best mortgage refinance situation. The best way to compare quotes from local New Hampshire lenders is to review rates for similar products, amounts and terms. Adjustable rate mortgages (ARMs) may offer an initial lower rate, however the borrower’s payments may fluctuate based on the market. Currently, lenders are offering a rates from 4.32% APR to 4.48% APR on a 10/1 ARM. Fixed rate products provide stability because the rate never changes throughout the life of the loan. Also, when shopping for mortgages review and compare amortization tables and budget for payments. Home values also impact the mortgage refinance process. The median home value in New Hampshire is $206,200. Home values in cities such as New London (03257) range from $324,944 to $381,456 whereas homes in Richmond (03470) have an estimated value of $178,420 to $209,449. The median home sale price in the state is $214,600. Homes in Hampstead (03841) have sold for $348,000 and in Salem (03079) for $232,000.