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Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
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15 Year Mortgage Rates Hit Record Low
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
15 Year Mortgage Rates Hit Record Low
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
15 Year Mortgage Rates Hit Record Low

August 4, 2011 (Shirley Allen)

Mortgage interest rates plunged to their lowest level in 2011 with the 15 year fixed-rate mortgage and the 5-year ARM reaching historic lows amid a barrage of economic reports signaling a weakening economy according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS).

Fixed Rate Mortgages (FRM):

Thirty year and the 15 year FRMs plunged to new 2011 lows with the 30 year FRM averaging 4.39 percent with an average of 0.8 points, down from 4.55 percent reported the previous week. The 30 year FRM averaged 4.49 percent a year earlier.

The 15 year FRM set a new historic low averaging 3.54 percent this week with an average 0.7 points, down from 3.66 percent reported the previous week, and down from 3.95 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARM interest rates were mixed in the last week as the 5-year Treasury-indexed hybrid ARM also plunged to a record low averaging 3.18 percent, with an average of 0.6 points, which was down from 3.25 percent the previous week. The 5 year ARM averaged 3.63 percent a year earlier.

The 1-year Treasury-indexed ARM averaged 3.02 percent this week with an average of 0.5 points, up from 2.95 percent the previous week. A year ago, the 1 year ARM averaged 3.55 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Treasury bond yields fell markedly after signs the economy was weaker than what markets had previously thought allowing fixed mortgage rates to follow this week with the 15-year fixed and 5-year ARM setting new historical lows. The economy grew 1.3 percent in the second quarter, which was below the market consensus forecast, and first quarter growth was cut to less than a quarter of what was originally reported. In fact, the first half of this year was the worst six-month period since the economic recovery began in June 2009. Moreover, consumer spending fell 0.2 percent in June, representing the first decline since September 2009.”

“On a positive note, there were indications that the housing market is firming. Real residential fixed investments added growth to the economy in the second quarter after subtracting from growth over the first three months of the year. The CoreLogic® National House Price Index rose for the third straight month in June (not seasonally adjusted) and was the first three-month gain since June 2010. Finally, pending existing home sales rose for a second consecutive month in June and was up nearly 20 percent from June 2010 when the housing tax credits expired,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.39 4.38 4.40 4.40 4.43 4.37
Fees & Points 0.8 0.7 0.9 0.7 0.8 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.54 3.53 3.55 3.52 3.62 3.51
Fees & Points 0.7 0.7 0.8 0.6 0.6 0.7

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.18 3.27 3.07 3.27 3.24 3.06
Fees & Points 0.6 0.4 0.7 0.4 0.7 0.7
Margin 2.70 2.75 2.75 2.51 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.02 3.18 2.77 3.41 3.02 2.77
Fees & Points 0.5 0.6 0.6 0.4 0.8 0.5
Margin 2.76 2.80 2.75 2.73 2.77 2.75

The National Mortgage Rate Snapshot One Year Ago One Week Ago
  30-YR 15-YR 5/1-YR 1-YR ARM 30-YR 15-YR 5/1-YR 1-YR ARM
Average 4.49   3.95   3.63   3.55   4.55   3.66   3.25   2.95  
Fees & Points 0.7   0.6   0.6   0.7   0.8   0.7   0.6   0.5  
Margin N/A N/A 2.74   2.77   N/A N/A 2.74   2.76  

Tags: 15 year fixed, 30 year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates, 5-year hybrid, 1-year treasury

Source:
Freddie Mac

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

August 4, 2011 (Shirley Allen)

Mortgage interest rates plunged to their lowest level in 2011 with the 15 year fixed-rate mortgage and the 5-year ARM reaching historic lows amid a barrage of economic reports signaling a weakening economy according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS).

Fixed Rate Mortgages (FRM):

Thirty year and the 15 year FRMs plunged to new 2011 lows with the 30 year FRM averaging 4.39 percent with an average of 0.8 points, down from 4.55 percent reported the previous week. The 30 year FRM averaged 4.49 percent a year earlier.

The 15 year FRM set a new historic low averaging 3.54 percent this week with an average 0.7 points, down from 3.66 percent reported the previous week, and down from 3.95 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARM interest rates were mixed in the last week as the 5-year Treasury-indexed hybrid ARM also plunged to a record low averaging 3.18 percent, with an average of 0.6 points, which was down from 3.25 percent the previous week. The 5 year ARM averaged 3.63 percent a year earlier.

The 1-year Treasury-indexed ARM averaged 3.02 percent this week with an average of 0.5 points, up from 2.95 percent the previous week. A year ago, the 1 year ARM averaged 3.55 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Treasury bond yields fell markedly after signs the economy was weaker than what markets had previously thought allowing fixed mortgage rates to follow this week with the 15-year fixed and 5-year ARM setting new historical lows. The economy grew 1.3 percent in the second quarter, which was below the market consensus forecast, and first quarter growth was cut to less than a quarter of what was originally reported. In fact, the first half of this year was the worst six-month period since the economic recovery began in June 2009. Moreover, consumer spending fell 0.2 percent in June, representing the first decline since September 2009.”

“On a positive note, there were indications that the housing market is firming. Real residential fixed investments added growth to the economy in the second quarter after subtracting from growth over the first three months of the year. The CoreLogic® National House Price Index rose for the third straight month in June (not seasonally adjusted) and was the first three-month gain since June 2010. Finally, pending existing home sales rose for a second consecutive month in June and was up nearly 20 percent from June 2010 when the housing tax credits expired,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.39 4.38 4.40 4.40 4.43 4.37
Fees & Points 0.8 0.7 0.9 0.7 0.8 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.54 3.53 3.55 3.52 3.62 3.51
Fees & Points 0.7 0.7 0.8 0.6 0.6 0.7

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.18 3.27 3.07 3.27 3.24 3.06
Fees & Points 0.6 0.4 0.7 0.4 0.7 0.7
Margin 2.70 2.75 2.75 2.51 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.02 3.18 2.77 3.41 3.02 2.77
Fees & Points 0.5 0.6 0.6 0.4 0.8 0.5
Margin 2.76 2.80 2.75 2.73 2.77 2.75

The National Mortgage Rate Snapshot One Year Ago One Week Ago
  30-YR 15-YR 5/1-YR 1-YR ARM 30-YR 15-YR 5/1-YR 1-YR ARM
Average 4.49   3.95   3.63   3.55   4.55   3.66   3.25   2.95  
Fees & Points 0.7   0.6   0.6   0.7   0.8   0.7   0.6   0.5  
Margin N/A N/A 2.74   2.77   N/A N/A 2.74   2.76  

Tags: 15 year fixed, 30 year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates, 5-year hybrid, 1-year treasury

Source:
Freddie Mac

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

August 4, 2011 (Shirley Allen)

Mortgage interest rates plunged to their lowest level in 2011 with the 15 year fixed-rate mortgage and the 5-year ARM reaching historic lows amid a barrage of economic reports signaling a weakening economy according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS).

Fixed Rate Mortgages (FRM):

Thirty year and the 15 year FRMs plunged to new 2011 lows with the 30 year FRM averaging 4.39 percent with an average of 0.8 points, down from 4.55 percent reported the previous week. The 30 year FRM averaged 4.49 percent a year earlier.

The 15 year FRM set a new historic low averaging 3.54 percent this week with an average 0.7 points, down from 3.66 percent reported the previous week, and down from 3.95 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARM interest rates were mixed in the last week as the 5-year Treasury-indexed hybrid ARM also plunged to a record low averaging 3.18 percent, with an average of 0.6 points, which was down from 3.25 percent the previous week. The 5 year ARM averaged 3.63 percent a year earlier.

The 1-year Treasury-indexed ARM averaged 3.02 percent this week with an average of 0.5 points, up from 2.95 percent the previous week. A year ago, the 1 year ARM averaged 3.55 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Treasury bond yields fell markedly after signs the economy was weaker than what markets had previously thought allowing fixed mortgage rates to follow this week with the 15-year fixed and 5-year ARM setting new historical lows. The economy grew 1.3 percent in the second quarter, which was below the market consensus forecast, and first quarter growth was cut to less than a quarter of what was originally reported. In fact, the first half of this year was the worst six-month period since the economic recovery began in June 2009. Moreover, consumer spending fell 0.2 percent in June, representing the first decline since September 2009.”

“On a positive note, there were indications that the housing market is firming. Real residential fixed investments added growth to the economy in the second quarter after subtracting from growth over the first three months of the year. The CoreLogic® National House Price Index rose for the third straight month in June (not seasonally adjusted) and was the first three-month gain since June 2010. Finally, pending existing home sales rose for a second consecutive month in June and was up nearly 20 percent from June 2010 when the housing tax credits expired,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.39 4.38 4.40 4.40 4.43 4.37
Fees & Points 0.8 0.7 0.9 0.7 0.8 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.54 3.53 3.55 3.52 3.62 3.51
Fees & Points 0.7 0.7 0.8 0.6 0.6 0.7

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.18 3.27 3.07 3.27 3.24 3.06
Fees & Points 0.6 0.4 0.7 0.4 0.7 0.7
Margin 2.70 2.75 2.75 2.51 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.02 3.18 2.77 3.41 3.02 2.77
Fees & Points 0.5 0.6 0.6 0.4 0.8 0.5
Margin 2.76 2.80 2.75 2.73 2.77 2.75

The National Mortgage Rate Snapshot One Year Ago One Week Ago
  30-YR 15-YR 5/1-YR 1-YR ARM 30-YR 15-YR 5/1-YR 1-YR ARM
Average 4.49   3.95   3.63   3.55   4.55   3.66   3.25   2.95  
Fees & Points 0.7   0.6   0.6   0.7   0.8   0.7   0.6   0.5  
Margin N/A N/A 2.74   2.77   N/A N/A 2.74   2.76  

Tags: 15 year fixed, 30 year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates, 5-year hybrid, 1-year treasury

Source:
Freddie Mac

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS