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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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Housing Affordability Remains at 20 Year Highs
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
Housing Affordability Remains at 20 Year Highs
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
Housing Affordability Remains at 20 Year Highs

August 19, 2011 (Jeff Alan)

Housing affordability in the second quarter of 2011 remained near 20 year highs according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). Nearly three-fourths of all homes in the U.S. were affordable to families earning the national median income.

The newest data indicates that 72.6 percent of all homes in the second quarter of the year were affordable to families earning the national median income of 64,200. That was a decline from a record high of 74.6 percent in the first quarter of this year, but it was the 10th consecutive quarter that the HOI was above the 70 percent threshold.

“At a time when homeownership is within reach of more households than it has been for more than two decades and interest rates are at historically low levels, the sluggish economy and the extremely tight credit conditions confronting home buyers and builders remain significant obstacles to many potential home sales,” said Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev. “That said, however, some housing markets across the country have stabilized and are beginning to show signs of a budding recovery.”

The most affordable major market area was the Youngstown-Warren-Boardman, Ohio-PA area where 93.7 percent of the homes were affordable to households earning the area’s median family income.

The other top areas in affordability were Syracuse, NY, Indianapolis-Carmel, IN, Dayton, OH, and Lakeland-Winter Haven, FL.

The major market areas that had the least affordable housing during the second quarter were New York-White Plains-Wayne, NJ-NY, San Francisco-San Mateo-Redwood City, CA, Santa Ana-Anaheim-Irvine, CA, Los Angeles-Long Beach-Glendale, CA, and Honolulu.

In the smaller housing markets, the most affordable area during the quarter were Kokomo, IN, Wheeling, WV-OH, Lansing-East Lansing, MI, Bay City, MI, and Sandusky, OH.

The least affordable smaller markets were Ocean City, NJ, Laredo, TX, Santa Cruz-Watsonville, CA, San Luis Obispo, Paso Robles, CA and Santa Barbara-Santa Maria-Goleta, Ca.

Tags: NAHB, Wells Fargo, housing affordability, national median income, HOI

Sources:
NAHB

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.
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A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
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BUYING OR SELLING A HOME IS A BIG DECISION
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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.
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 19, 2011 (Jeff Alan)

Housing affordability in the second quarter of 2011 remained near 20 year highs according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). Nearly three-fourths of all homes in the U.S. were affordable to families earning the national median income.

The newest data indicates that 72.6 percent of all homes in the second quarter of the year were affordable to families earning the national median income of 64,200. That was a decline from a record high of 74.6 percent in the first quarter of this year, but it was the 10th consecutive quarter that the HOI was above the 70 percent threshold.

“At a time when homeownership is within reach of more households than it has been for more than two decades and interest rates are at historically low levels, the sluggish economy and the extremely tight credit conditions confronting home buyers and builders remain significant obstacles to many potential home sales,” said Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev. “That said, however, some housing markets across the country have stabilized and are beginning to show signs of a budding recovery.”

The most affordable major market area was the Youngstown-Warren-Boardman, Ohio-PA area where 93.7 percent of the homes were affordable to households earning the area’s median family income.

The other top areas in affordability were Syracuse, NY, Indianapolis-Carmel, IN, Dayton, OH, and Lakeland-Winter Haven, FL.

The major market areas that had the least affordable housing during the second quarter were New York-White Plains-Wayne, NJ-NY, San Francisco-San Mateo-Redwood City, CA, Santa Ana-Anaheim-Irvine, CA, Los Angeles-Long Beach-Glendale, CA, and Honolulu.

In the smaller housing markets, the most affordable area during the quarter were Kokomo, IN, Wheeling, WV-OH, Lansing-East Lansing, MI, Bay City, MI, and Sandusky, OH.

The least affordable smaller markets were Ocean City, NJ, Laredo, TX, Santa Cruz-Watsonville, CA, San Luis Obispo, Paso Robles, CA and Santa Barbara-Santa Maria-Goleta, Ca.

Tags: NAHB, Wells Fargo, housing affordability, national median income, HOI

Sources:
NAHB

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 19, 2011 (Jeff Alan)

Housing affordability in the second quarter of 2011 remained near 20 year highs according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). Nearly three-fourths of all homes in the U.S. were affordable to families earning the national median income.

The newest data indicates that 72.6 percent of all homes in the second quarter of the year were affordable to families earning the national median income of 64,200. That was a decline from a record high of 74.6 percent in the first quarter of this year, but it was the 10th consecutive quarter that the HOI was above the 70 percent threshold.

“At a time when homeownership is within reach of more households than it has been for more than two decades and interest rates are at historically low levels, the sluggish economy and the extremely tight credit conditions confronting home buyers and builders remain significant obstacles to many potential home sales,” said Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev. “That said, however, some housing markets across the country have stabilized and are beginning to show signs of a budding recovery.”

The most affordable major market area was the Youngstown-Warren-Boardman, Ohio-PA area where 93.7 percent of the homes were affordable to households earning the area’s median family income.

The other top areas in affordability were Syracuse, NY, Indianapolis-Carmel, IN, Dayton, OH, and Lakeland-Winter Haven, FL.

The major market areas that had the least affordable housing during the second quarter were New York-White Plains-Wayne, NJ-NY, San Francisco-San Mateo-Redwood City, CA, Santa Ana-Anaheim-Irvine, CA, Los Angeles-Long Beach-Glendale, CA, and Honolulu.

In the smaller housing markets, the most affordable area during the quarter were Kokomo, IN, Wheeling, WV-OH, Lansing-East Lansing, MI, Bay City, MI, and Sandusky, OH.

The least affordable smaller markets were Ocean City, NJ, Laredo, TX, Santa Cruz-Watsonville, CA, San Luis Obispo, Paso Robles, CA and Santa Barbara-Santa Maria-Goleta, Ca.

Tags: NAHB, Wells Fargo, housing affordability, national median income, HOI

Sources:
NAHB

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