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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
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Fixed Rate Mortgages Hit Record Lows after Fed Announcement
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
Fixed Rate Mortgages Hit Record Lows after Fed Announcement
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
Fixed Rate Mortgages Hit Record Lows after Fed Announcement

September 29, 2011 (Shirley Allen)

Fifteen year and 30 year fixed rate mortgages hit record lows this week following the announcement of Federal Reserve’s new economic easing program according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS)

Fixed Rate Mortgages (FRM):

The 30 year FRM set an all-time low averaging 4.01 percent with an average of 0.7 points, down from last week’s average of 4.09 percent. The 30 year FRM averaged 4.32 percent a year earlier.

Of the five regions that Freddie Mac surveys, the West region recorded the lowest average rate of 3.95 percent for a 30 year fixed rate mortgage.

The 15 year FRM also set a new low averaging 3.28 percent this week with an average 0.7 points, down from 3.29 percent reported the previous week, and down from 3.75 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARM interest rates increased slightly this week with the 5-year Treasury-indexed hybrid ARM averaging 3.02 percent, unchanged from last week, with an average of 0.6 points. The 5 year ARM averaged 3.52 percent a year earlier.

The 1-year Treasury-indexed ARM increased one basis point, averaging 2.83 percent this week with an average of 0.6 points, up from 2.82 percent the previous week. A year ago, the 1 year ARM averaged 3.48 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Fixed mortgage rates fell to all-time record lows this week following the Federal Reserve’s announcement of its Maturity Extension Program and additional purchases of mortgage-backed securities. Interest rates for ARMs, however, were nearly unchanged as the Federal Reserve plans to sell $400 billion in short-term Treasury securities, which serve as benchmarks for many ARMs.”

“Meanwhile, the spring and summer home-buying season gave a boost to a number of house price indexes. The Federal Housing Finance Agency reported that its National index (not seasonally adjusted) rose for the fourth consecutive month in July. Similarly, the S&P/Case-Shiller® 20-City composite index, which has a broader scope of properties, rose 0.9 percent between June and July with 17 of the cities experiencing positive monthly growth. Finally, CoreLogic® reported that its index, excluding distressed sales, increased at a 1.7 percent monthly rate for the same month,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.01 4.01 4.09 4.02 4.08 3.95
Fees & Points 0.7 0.7 0.8 0.6 0.7 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.28 3.28 3.30 3.28 3.36 3.25
Fees & Points 0.7 0.7 0.8 0.4 0.7 0.7

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.02 3.10 3.00 3.15 3.05 2.88
Fees & Points 0.6 0.6 0.6 0.4 0.7 0.6
Margin 2.74 2.74 2.75 2.73 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.83 2.90 2.72 3.14 2.71 2.70
Fees & Points 0.6 0.7 0.6 0.4 0.6 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 4.32   3.75   3.52   3.48   4.09   3.29   3.02   2.82  
Fees & Points 0.8   0.7   0.6   0.7   0.7   0.6   0.6   0.6  
Margin N/A N/A 2.75   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

September 29, 2011 (Shirley Allen)

Fifteen year and 30 year fixed rate mortgages hit record lows this week following the announcement of Federal Reserve’s new economic easing program according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS)

Fixed Rate Mortgages (FRM):

The 30 year FRM set an all-time low averaging 4.01 percent with an average of 0.7 points, down from last week’s average of 4.09 percent. The 30 year FRM averaged 4.32 percent a year earlier.

Of the five regions that Freddie Mac surveys, the West region recorded the lowest average rate of 3.95 percent for a 30 year fixed rate mortgage.

The 15 year FRM also set a new low averaging 3.28 percent this week with an average 0.7 points, down from 3.29 percent reported the previous week, and down from 3.75 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARM interest rates increased slightly this week with the 5-year Treasury-indexed hybrid ARM averaging 3.02 percent, unchanged from last week, with an average of 0.6 points. The 5 year ARM averaged 3.52 percent a year earlier.

The 1-year Treasury-indexed ARM increased one basis point, averaging 2.83 percent this week with an average of 0.6 points, up from 2.82 percent the previous week. A year ago, the 1 year ARM averaged 3.48 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Fixed mortgage rates fell to all-time record lows this week following the Federal Reserve’s announcement of its Maturity Extension Program and additional purchases of mortgage-backed securities. Interest rates for ARMs, however, were nearly unchanged as the Federal Reserve plans to sell $400 billion in short-term Treasury securities, which serve as benchmarks for many ARMs.”

“Meanwhile, the spring and summer home-buying season gave a boost to a number of house price indexes. The Federal Housing Finance Agency reported that its National index (not seasonally adjusted) rose for the fourth consecutive month in July. Similarly, the S&P/Case-Shiller® 20-City composite index, which has a broader scope of properties, rose 0.9 percent between June and July with 17 of the cities experiencing positive monthly growth. Finally, CoreLogic® reported that its index, excluding distressed sales, increased at a 1.7 percent monthly rate for the same month,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.01 4.01 4.09 4.02 4.08 3.95
Fees & Points 0.7 0.7 0.8 0.6 0.7 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.28 3.28 3.30 3.28 3.36 3.25
Fees & Points 0.7 0.7 0.8 0.4 0.7 0.7

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.02 3.10 3.00 3.15 3.05 2.88
Fees & Points 0.6 0.6 0.6 0.4 0.7 0.6
Margin 2.74 2.74 2.75 2.73 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.83 2.90 2.72 3.14 2.71 2.70
Fees & Points 0.6 0.7 0.6 0.4 0.6 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 4.32   3.75   3.52   3.48   4.09   3.29   3.02   2.82  
Fees & Points 0.8   0.7   0.6   0.7   0.7   0.6   0.6   0.6  
Margin N/A N/A 2.75   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

September 29, 2011 (Shirley Allen)

Fifteen year and 30 year fixed rate mortgages hit record lows this week following the announcement of Federal Reserve’s new economic easing program according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS)

Fixed Rate Mortgages (FRM):

The 30 year FRM set an all-time low averaging 4.01 percent with an average of 0.7 points, down from last week’s average of 4.09 percent. The 30 year FRM averaged 4.32 percent a year earlier.

Of the five regions that Freddie Mac surveys, the West region recorded the lowest average rate of 3.95 percent for a 30 year fixed rate mortgage.

The 15 year FRM also set a new low averaging 3.28 percent this week with an average 0.7 points, down from 3.29 percent reported the previous week, and down from 3.75 percent a year ago.

Adjustable Rate Mortgages (ARM):

ARM interest rates increased slightly this week with the 5-year Treasury-indexed hybrid ARM averaging 3.02 percent, unchanged from last week, with an average of 0.6 points. The 5 year ARM averaged 3.52 percent a year earlier.

The 1-year Treasury-indexed ARM increased one basis point, averaging 2.83 percent this week with an average of 0.6 points, up from 2.82 percent the previous week. A year ago, the 1 year ARM averaged 3.48 percent.

Frank Nothaft, vice president and chief economist of Freddie Mac, stated, “Fixed mortgage rates fell to all-time record lows this week following the Federal Reserve’s announcement of its Maturity Extension Program and additional purchases of mortgage-backed securities. Interest rates for ARMs, however, were nearly unchanged as the Federal Reserve plans to sell $400 billion in short-term Treasury securities, which serve as benchmarks for many ARMs.”

“Meanwhile, the spring and summer home-buying season gave a boost to a number of house price indexes. The Federal Housing Finance Agency reported that its National index (not seasonally adjusted) rose for the fourth consecutive month in July. Similarly, the S&P/Case-Shiller® 20-City composite index, which has a broader scope of properties, rose 0.9 percent between June and July with 17 of the cities experiencing positive monthly growth. Finally, CoreLogic® reported that its index, excluding distressed sales, increased at a 1.7 percent monthly rate for the same month,” he added.

30-Year Fixed Rate Mortgages US NE SE NC SW W
Average 4.01 4.01 4.09 4.02 4.08 3.95
Fees & Points 0.7 0.7 0.8 0.6 0.7 0.8

15-Year Fixed Rate Mortgages US NE SE NC SW W
Average 3.28 3.28 3.30 3.28 3.36 3.25
Fees & Points 0.7 0.7 0.8 0.4 0.7 0.7

5/1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 3.02 3.10 3.00 3.15 3.05 2.88
Fees & Points 0.6 0.6 0.6 0.4 0.7 0.6
Margin 2.74 2.74 2.75 2.73 2.76 2.73

1-Year Adjustable Rate Mortgages US NE SE NC SW W
Average 2.83 2.90 2.72 3.14 2.71 2.70
Fees & Points 0.6 0.7 0.6 0.4 0.6 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 4.32   3.75   3.52   3.48   4.09   3.29   3.02   2.82  
Fees & Points 0.8   0.7   0.6   0.7   0.7   0.6   0.6   0.6  
Margin N/A N/A 2.75   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