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Home Purchase Contracts Dip Slightly
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READ OUR DISCLOSURE
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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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Home Purchase Contracts Dip Slightly
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
Home Purchase Contracts Dip Slightly

Signed contracts for home purchases continued to dwindle in October according to the National Association of Realtors® (NAR) Pending Home Sales Index (PHSI).

The future contract signings indicator fell by 0.6 percent to 102.1 in October from 102.7 in September and was 1.6 percent lower than in October of last year when the Index was at 103.8. It was the fifth consecutive month that the Index has declined.

In May of this year, the Index had reached its highest level in over six years but has been on the downhill slide ever since.

Lawrence Yun, chief economist of NAR, stated, “The government shutdown in the first half of last month sidelined some potential buyers. In a survey, 17 percent of Realtors® reported delays in October, mostly from waiting for IRS income verification for mortgage approval.”

Two of the four the regions in the Index posted increases in their monthly level of contract signing activity and two of the four regions also reported a higher level of contract signings when compared to a year ago.

The Northeast posted the largest monthly increase in activity, rising 2.8 percent from the previous month followed by the Midwest with a gain of 1.2 percent. The South reported a decline of 0.8 percent while the West posted a decline of 4.1 percent.

The Northeast reported the largest increase in contract signings compared to October of last year with an 8.1 percent increase followed by the Midwest which stayed 3.2 percent above last year. The West region suffered the largest decline of 12.1 percent compared to last year while the South posted a 1.5 percent decline in contract signings.

The PHSI is a forward looking indicator which generally indicates closings one to two months in the future.

“We could rebound a bit from this level, but still face the headwinds of limited inventory and falling affordability conditions. Job creation and a slight dialing down from current stringent mortgage underwriting standards going into 2014 can help offset the headwind factors,” Yun added.

Tags: pending home sales, existing home sales, contract signings

Source:
National Association of Realtors

Reported by Chris Moore

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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.
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Signed contracts for home purchases continued to dwindle in October according to the National Association of Realtors® (NAR) Pending Home Sales Index (PHSI).

The future contract signings indicator fell by 0.6 percent to 102.1 in October from 102.7 in September and was 1.6 percent lower than in October of last year when the Index was at 103.8. It was the fifth consecutive month that the Index has declined.

In May of this year, the Index had reached its highest level in over six years but has been on the downhill slide ever since.

Lawrence Yun, chief economist of NAR, stated, “The government shutdown in the first half of last month sidelined some potential buyers. In a survey, 17 percent of Realtors® reported delays in October, mostly from waiting for IRS income verification for mortgage approval.”

Two of the four the regions in the Index posted increases in their monthly level of contract signing activity and two of the four regions also reported a higher level of contract signings when compared to a year ago.

The Northeast posted the largest monthly increase in activity, rising 2.8 percent from the previous month followed by the Midwest with a gain of 1.2 percent. The South reported a decline of 0.8 percent while the West posted a decline of 4.1 percent.

The Northeast reported the largest increase in contract signings compared to October of last year with an 8.1 percent increase followed by the Midwest which stayed 3.2 percent above last year. The West region suffered the largest decline of 12.1 percent compared to last year while the South posted a 1.5 percent decline in contract signings.

The PHSI is a forward looking indicator which generally indicates closings one to two months in the future.

“We could rebound a bit from this level, but still face the headwinds of limited inventory and falling affordability conditions. Job creation and a slight dialing down from current stringent mortgage underwriting standards going into 2014 can help offset the headwind factors,” Yun added.

Tags: pending home sales, existing home sales, contract signings

Source:
National Association of Realtors

Reported by Chris Moore

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

Signed contracts for home purchases continued to dwindle in October according to the National Association of Realtors® (NAR) Pending Home Sales Index (PHSI).

The future contract signings indicator fell by 0.6 percent to 102.1 in October from 102.7 in September and was 1.6 percent lower than in October of last year when the Index was at 103.8. It was the fifth consecutive month that the Index has declined.

In May of this year, the Index had reached its highest level in over six years but has been on the downhill slide ever since.

Lawrence Yun, chief economist of NAR, stated, “The government shutdown in the first half of last month sidelined some potential buyers. In a survey, 17 percent of Realtors® reported delays in October, mostly from waiting for IRS income verification for mortgage approval.”

Two of the four the regions in the Index posted increases in their monthly level of contract signing activity and two of the four regions also reported a higher level of contract signings when compared to a year ago.

The Northeast posted the largest monthly increase in activity, rising 2.8 percent from the previous month followed by the Midwest with a gain of 1.2 percent. The South reported a decline of 0.8 percent while the West posted a decline of 4.1 percent.

The Northeast reported the largest increase in contract signings compared to October of last year with an 8.1 percent increase followed by the Midwest which stayed 3.2 percent above last year. The West region suffered the largest decline of 12.1 percent compared to last year while the South posted a 1.5 percent decline in contract signings.

The PHSI is a forward looking indicator which generally indicates closings one to two months in the future.

“We could rebound a bit from this level, but still face the headwinds of limited inventory and falling affordability conditions. Job creation and a slight dialing down from current stringent mortgage underwriting standards going into 2014 can help offset the headwind factors,” Yun added.

Tags: pending home sales, existing home sales, contract signings

Source:
National Association of Realtors

Reported by Chris Moore

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