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It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
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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.
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.
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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.
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LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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Are Home Sales About to Follow Home Prices?
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 TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Are Home Sales About to Follow Home Prices?
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
Are Home Sales About to Follow Home Prices?

March 2, 2011 (Chris Moore)
mortgage-home-zigzag-image
The National Association of Realtors (NAR) reports that pending home sales declined in January for the second month in a row. NAR’s Pending Home Sales Index declined 2.8 percent to 89.9 from a downwardly adjusted 91.5 in December on a scale where 100 reflects home sales in 2001. The figure reflects signed contracts and not closings for home sales, and is an indicator of future sales activity in one to two months.

“While home buyers over the past two years have been exceptionally successful with historically low default rates, there is still an elevated level of shadow inventory of distressed homes from past lending mistakes that need to go through the system,” Yun said. “We should not expect the recovery to be in a straight upward path – it will zig-zag at times.”

January’s figures represent a 1.5 percent annual decline from January 2010, which NAR notes was when sales were being supported by the homebuyer tax credit then in effect. Overall, NAR is predicting an 8 percent increase in home sales in 2011.

Overall, the index reports that all markets show year-over-year declines with the Northeast declining 2.4 percent to 73.5 in January, which is 3.0 percent below January 2010. In the Midwest the index fell 7.3 percent in January to 78.0 and is 3.2 percent below a year ago. Pending home sales in the South rose 1.4 percent to an index of 97.7 but is 0.4 percent below January 2010. In the West the index fell 5.2 percent to 98.7 and is 0.9 percent below a year ago.

NAR’s current methodology used to generate some of its housing reports recently came under fire from real estate data and analytics firm CoreLogic.

CoreLogic claims that NAR’s data, which CoreLogic refers to as “the most popular measure of existing home sales,” is exaggerated by 15 percent to 20 percent. The accusation came to light when CoreLogic released its existing home sales report showing that total sales for 2010 was 3.3 million units compared to NAR’s claim that 4.9 million units had been sold.

NAR responded by claiming they “looked into CoreLogic’s methodology and we think they’re numbers are off.”

Both organizations agree that the issue lies in the methodology each uses and both agree that there can be holes in any approach used.

NAR is expecting to release revised data for the last three years in the coming weeks…it should be interesting to see what they have to say.

Tags: NAR, pending home sales, default rates, shadow inventory, homebuyer tax credit, housing reports

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

March 2, 2011 (Chris Moore)
mortgage-home-zigzag-image
The National Association of Realtors (NAR) reports that pending home sales declined in January for the second month in a row. NAR’s Pending Home Sales Index declined 2.8 percent to 89.9 from a downwardly adjusted 91.5 in December on a scale where 100 reflects home sales in 2001. The figure reflects signed contracts and not closings for home sales, and is an indicator of future sales activity in one to two months.

“While home buyers over the past two years have been exceptionally successful with historically low default rates, there is still an elevated level of shadow inventory of distressed homes from past lending mistakes that need to go through the system,” Yun said. “We should not expect the recovery to be in a straight upward path – it will zig-zag at times.”

January’s figures represent a 1.5 percent annual decline from January 2010, which NAR notes was when sales were being supported by the homebuyer tax credit then in effect. Overall, NAR is predicting an 8 percent increase in home sales in 2011.

Overall, the index reports that all markets show year-over-year declines with the Northeast declining 2.4 percent to 73.5 in January, which is 3.0 percent below January 2010. In the Midwest the index fell 7.3 percent in January to 78.0 and is 3.2 percent below a year ago. Pending home sales in the South rose 1.4 percent to an index of 97.7 but is 0.4 percent below January 2010. In the West the index fell 5.2 percent to 98.7 and is 0.9 percent below a year ago.

NAR’s current methodology used to generate some of its housing reports recently came under fire from real estate data and analytics firm CoreLogic.

CoreLogic claims that NAR’s data, which CoreLogic refers to as “the most popular measure of existing home sales,” is exaggerated by 15 percent to 20 percent. The accusation came to light when CoreLogic released its existing home sales report showing that total sales for 2010 was 3.3 million units compared to NAR’s claim that 4.9 million units had been sold.

NAR responded by claiming they “looked into CoreLogic’s methodology and we think they’re numbers are off.”

Both organizations agree that the issue lies in the methodology each uses and both agree that there can be holes in any approach used.

NAR is expecting to release revised data for the last three years in the coming weeks…it should be interesting to see what they have to say.

Tags: NAR, pending home sales, default rates, shadow inventory, homebuyer tax credit, housing reports

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

March 2, 2011 (Chris Moore)
mortgage-home-zigzag-image
The National Association of Realtors (NAR) reports that pending home sales declined in January for the second month in a row. NAR’s Pending Home Sales Index declined 2.8 percent to 89.9 from a downwardly adjusted 91.5 in December on a scale where 100 reflects home sales in 2001. The figure reflects signed contracts and not closings for home sales, and is an indicator of future sales activity in one to two months.

“While home buyers over the past two years have been exceptionally successful with historically low default rates, there is still an elevated level of shadow inventory of distressed homes from past lending mistakes that need to go through the system,” Yun said. “We should not expect the recovery to be in a straight upward path – it will zig-zag at times.”

January’s figures represent a 1.5 percent annual decline from January 2010, which NAR notes was when sales were being supported by the homebuyer tax credit then in effect. Overall, NAR is predicting an 8 percent increase in home sales in 2011.

Overall, the index reports that all markets show year-over-year declines with the Northeast declining 2.4 percent to 73.5 in January, which is 3.0 percent below January 2010. In the Midwest the index fell 7.3 percent in January to 78.0 and is 3.2 percent below a year ago. Pending home sales in the South rose 1.4 percent to an index of 97.7 but is 0.4 percent below January 2010. In the West the index fell 5.2 percent to 98.7 and is 0.9 percent below a year ago.

NAR’s current methodology used to generate some of its housing reports recently came under fire from real estate data and analytics firm CoreLogic.

CoreLogic claims that NAR’s data, which CoreLogic refers to as “the most popular measure of existing home sales,” is exaggerated by 15 percent to 20 percent. The accusation came to light when CoreLogic released its existing home sales report showing that total sales for 2010 was 3.3 million units compared to NAR’s claim that 4.9 million units had been sold.

NAR responded by claiming they “looked into CoreLogic’s methodology and we think they’re numbers are off.”

Both organizations agree that the issue lies in the methodology each uses and both agree that there can be holes in any approach used.

NAR is expecting to release revised data for the last three years in the coming weeks…it should be interesting to see what they have to say.

Tags: NAR, pending home sales, default rates, shadow inventory, homebuyer tax credit, housing reports

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