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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
30-Year Mortgage Drops Under Four Percent for First Time Ever
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
30-Year Mortgage Drops Under Four Percent for First Time Ever
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
30-Year Mortgage Drops Under Four Percent for First Time Ever

October 6, 2011 (Shirley Allen)

Average interest rates for the 30-year fixed rate mortgage dropped under four percent for the first time ever while the 15-year fixed rate mortgage set a new record low for the sixth consecutive week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS)

Fixed Rate Mortgages (FRM):

The 30 year FRM set an all-time low averaging 3.94 percent with an average of 0.8 points, down from last week’s average of 4.01 percent. The 30 year FRM averaged 4.27 percent a year earlier.

The 15 year FRM also set a new low for the sixth week in a row, averaging 3.26 percent this week with an average 0.8 points, down from 3.28 percent reported the previous week, and down from 3.72 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARM interest rates were mixed this week with the 5-year Treasury-indexed hybrid ARM averaging 2.96 percent, down from 3.02 percent last week, with an average of 0.6 points. The 5 year ARM averaged 3.47 percent a year earlier.

The 1-year Treasury-indexed ARM increased this week, averaging 2.95 percent this week with an average of 0.5 points, up from 2.83 percent the previous week. A year ago, the 1 year ARM averaged 3.40 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Average 30-year conventional fixed mortgage rates fell below 4 percent for the first time in history this week following a sharp drop in 10-year Treasuries early in the week as concerns over a global recession grew. Average 15-year fixed rates fell to a record low in the PMMS as well. Interest rates for 1-year ARMs, however, rose, as the Fed began replacing $400 billion of its short-term Treasury securities, which serve as benchmarks for many ARMs. Also, in his testimony to Congress’s Joint Economic Committee on Tuesday, Federal Reserve Chairman Bernanke said the recovery is close to ‘faltering’ and stressed the need for lawmakers to act.”

“Meanwhile, the Bureau of Economic Analysis (BEA) reported consumer spending inched up 0.2 percent in August, while personal income fell 0.1 percent, the first decline since October 2009. Also, pending home sales declined for the second consecutive month in August, with some of the decline attributed to Hurricane Irene,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.94 3.92 4.02 3.97 3.99 3.87
Fees & Points 0.8 0.8 0.9 0.6 0.8 0.9

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.26 3.27 3.29 3.26 3.32 3.22
Fees & Points 0.8 0.8 0.9 0.5 0.8 0.9

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.96 3.02 2.92 3.16 2.95 2.81
Fees & Points 0.6 0.6 0.6 0.5 0.7 0.6
Margin 2.75 2.75 2.75 2.73 2.76 2.74

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.95 3.00 2.81 3.48 2.71 2.77
Fees & Points 0.5 0.7 0.6 0.4 0.6 0.4
Margin 2.76 2.81 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 4.27   3.72   3.47   3.40   4.01   3.28   3.02   2.83  
Fees & Points 0.8   0.7   0.6   0.7   0.7   0.7   0.6   0.6  
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

October 6, 2011 (Shirley Allen)

Average interest rates for the 30-year fixed rate mortgage dropped under four percent for the first time ever while the 15-year fixed rate mortgage set a new record low for the sixth consecutive week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS)

Fixed Rate Mortgages (FRM):

The 30 year FRM set an all-time low averaging 3.94 percent with an average of 0.8 points, down from last week’s average of 4.01 percent. The 30 year FRM averaged 4.27 percent a year earlier.

The 15 year FRM also set a new low for the sixth week in a row, averaging 3.26 percent this week with an average 0.8 points, down from 3.28 percent reported the previous week, and down from 3.72 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARM interest rates were mixed this week with the 5-year Treasury-indexed hybrid ARM averaging 2.96 percent, down from 3.02 percent last week, with an average of 0.6 points. The 5 year ARM averaged 3.47 percent a year earlier.

The 1-year Treasury-indexed ARM increased this week, averaging 2.95 percent this week with an average of 0.5 points, up from 2.83 percent the previous week. A year ago, the 1 year ARM averaged 3.40 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Average 30-year conventional fixed mortgage rates fell below 4 percent for the first time in history this week following a sharp drop in 10-year Treasuries early in the week as concerns over a global recession grew. Average 15-year fixed rates fell to a record low in the PMMS as well. Interest rates for 1-year ARMs, however, rose, as the Fed began replacing $400 billion of its short-term Treasury securities, which serve as benchmarks for many ARMs. Also, in his testimony to Congress’s Joint Economic Committee on Tuesday, Federal Reserve Chairman Bernanke said the recovery is close to ‘faltering’ and stressed the need for lawmakers to act.”

“Meanwhile, the Bureau of Economic Analysis (BEA) reported consumer spending inched up 0.2 percent in August, while personal income fell 0.1 percent, the first decline since October 2009. Also, pending home sales declined for the second consecutive month in August, with some of the decline attributed to Hurricane Irene,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.94 3.92 4.02 3.97 3.99 3.87
Fees & Points 0.8 0.8 0.9 0.6 0.8 0.9

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.26 3.27 3.29 3.26 3.32 3.22
Fees & Points 0.8 0.8 0.9 0.5 0.8 0.9

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.96 3.02 2.92 3.16 2.95 2.81
Fees & Points 0.6 0.6 0.6 0.5 0.7 0.6
Margin 2.75 2.75 2.75 2.73 2.76 2.74

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.95 3.00 2.81 3.48 2.71 2.77
Fees & Points 0.5 0.7 0.6 0.4 0.6 0.4
Margin 2.76 2.81 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 4.27   3.72   3.47   3.40   4.01   3.28   3.02   2.83  
Fees & Points 0.8   0.7   0.6   0.7   0.7   0.7   0.6   0.6  
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

October 6, 2011 (Shirley Allen)

Average interest rates for the 30-year fixed rate mortgage dropped under four percent for the first time ever while the 15-year fixed rate mortgage set a new record low for the sixth consecutive week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS)

Fixed Rate Mortgages (FRM):

The 30 year FRM set an all-time low averaging 3.94 percent with an average of 0.8 points, down from last week’s average of 4.01 percent. The 30 year FRM averaged 4.27 percent a year earlier.

The 15 year FRM also set a new low for the sixth week in a row, averaging 3.26 percent this week with an average 0.8 points, down from 3.28 percent reported the previous week, and down from 3.72 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARM interest rates were mixed this week with the 5-year Treasury-indexed hybrid ARM averaging 2.96 percent, down from 3.02 percent last week, with an average of 0.6 points. The 5 year ARM averaged 3.47 percent a year earlier.

The 1-year Treasury-indexed ARM increased this week, averaging 2.95 percent this week with an average of 0.5 points, up from 2.83 percent the previous week. A year ago, the 1 year ARM averaged 3.40 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Average 30-year conventional fixed mortgage rates fell below 4 percent for the first time in history this week following a sharp drop in 10-year Treasuries early in the week as concerns over a global recession grew. Average 15-year fixed rates fell to a record low in the PMMS as well. Interest rates for 1-year ARMs, however, rose, as the Fed began replacing $400 billion of its short-term Treasury securities, which serve as benchmarks for many ARMs. Also, in his testimony to Congress’s Joint Economic Committee on Tuesday, Federal Reserve Chairman Bernanke said the recovery is close to ‘faltering’ and stressed the need for lawmakers to act.”

“Meanwhile, the Bureau of Economic Analysis (BEA) reported consumer spending inched up 0.2 percent in August, while personal income fell 0.1 percent, the first decline since October 2009. Also, pending home sales declined for the second consecutive month in August, with some of the decline attributed to Hurricane Irene,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.94 3.92 4.02 3.97 3.99 3.87
Fees & Points 0.8 0.8 0.9 0.6 0.8 0.9

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.26 3.27 3.29 3.26 3.32 3.22
Fees & Points 0.8 0.8 0.9 0.5 0.8 0.9

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.96 3.02 2.92 3.16 2.95 2.81
Fees & Points 0.6 0.6 0.6 0.5 0.7 0.6
Margin 2.75 2.75 2.75 2.73 2.76 2.74

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.95 3.00 2.81 3.48 2.71 2.77
Fees & Points 0.5 0.7 0.6 0.4 0.6 0.4
Margin 2.76 2.81 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 4.27   3.72   3.47   3.40   4.01   3.28   3.02   2.83  
Fees & Points 0.8   0.7   0.6   0.7   0.7   0.7   0.6   0.6  
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