Just many places across the country, the New Hampshire’s recover from the recession has been slow. Recently, though, many are pointing to signs of an upswing. Housing prices are going up, while foreclosures are going down. Consumer confidence is better than it has been in a while, and unemployment is now at 5.1% - 11th best in the country. But all is not perfect: many in the Granite State worry about high energy costs, the Affordable Care Act’s effect on business, and uneven progress in different regions of the state.
The new year has brought some changes to the process of getting a mortgage. Home buyers may have already noticed as banks and other lenders have tightened standards since the recession, but new regulatory changes are going into effect. To hear how those changes will impact borrowers and the housing market in general, we’ve called Barbara Cunningham. She is with the Greater Manchester/Nashua Board of Realtors and also a member of the Board of Directors of the Mortgage Bankers and Brokers of New Hampshire.