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Housing Panel Predicts Housing Recovery 2 Years Away
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 Panel Predicts Housing Recovery 2 Years Away
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 Panel Predicts Housing Recovery 2 Years Away

April 1, 2011 (Jeff Alan)
mortgage-crash-image
A housing panel consisting of economists and real estate experts, predicts that housing prices will likely continue to slide for two more years with a tentative projection of a weak recovery beginning in 2013. Nearly half of the 111 economists polled by MacroMarkets, co-founded by industry expert Robert Shiller, believe the housing market will see a double-dip in housing prices sometime this year.

Overall, the panel predicts that home prices will likely decline another 1.4 percent this year. In 2012, the panel believes that most of the losses experienced this year would be made back with prices finally rising above current levels starting in 2013, with a foreseen gain of only 2.7 percent. Even by 2015, the panel predicts that there will be a gain of less than 10 percent over current prices.

In a similar survey back in December, only 15 percent of the panelists surveyed projected the possibility of a new post-crash low, compared to 50 percent today.

Terry Loebs, MacroMarkets managing director, said, “In December, only 15 percent of our panelists were projecting that a new post-crash low would materialize for national home prices. Now, just three months later, almost 50 percent foresee a double-dip happening this year, and not a single panelist expects national home prices to recover to the pre-bubble trend in the coming five years.”

Shiller attributes the panel’s dismal outlook on high unemployment, market oversupply, the continuing foreclosure crisis, and constrained mortgage credit.

Loeb notes in the monthly Home Price Expectations Survey that home price levels are already nearing the panels predictions as home prices at the national level are now less than 1 percent away from establishing a new post-crash low.

Loeb described the latest survey results as “the most pessimistic collected to date.”

Tags: housing panel, economists, real estate experts, housing prices, Robert Shiller, double-dip, home price decline, high unemployment, foreclosure crisis, oversupply

Sources:
DSnews
MortgageLoan
Distractable.com (Image)

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.
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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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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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THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
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LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

April 1, 2011 (Jeff Alan)
mortgage-crash-image
A housing panel consisting of economists and real estate experts, predicts that housing prices will likely continue to slide for two more years with a tentative projection of a weak recovery beginning in 2013. Nearly half of the 111 economists polled by MacroMarkets, co-founded by industry expert Robert Shiller, believe the housing market will see a double-dip in housing prices sometime this year.

Overall, the panel predicts that home prices will likely decline another 1.4 percent this year. In 2012, the panel believes that most of the losses experienced this year would be made back with prices finally rising above current levels starting in 2013, with a foreseen gain of only 2.7 percent. Even by 2015, the panel predicts that there will be a gain of less than 10 percent over current prices.

In a similar survey back in December, only 15 percent of the panelists surveyed projected the possibility of a new post-crash low, compared to 50 percent today.

Terry Loebs, MacroMarkets managing director, said, “In December, only 15 percent of our panelists were projecting that a new post-crash low would materialize for national home prices. Now, just three months later, almost 50 percent foresee a double-dip happening this year, and not a single panelist expects national home prices to recover to the pre-bubble trend in the coming five years.”

Shiller attributes the panel’s dismal outlook on high unemployment, market oversupply, the continuing foreclosure crisis, and constrained mortgage credit.

Loeb notes in the monthly Home Price Expectations Survey that home price levels are already nearing the panels predictions as home prices at the national level are now less than 1 percent away from establishing a new post-crash low.

Loeb described the latest survey results as “the most pessimistic collected to date.”

Tags: housing panel, economists, real estate experts, housing prices, Robert Shiller, double-dip, home price decline, high unemployment, foreclosure crisis, oversupply

Sources:
DSnews
MortgageLoan
Distractable.com (Image)

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

April 1, 2011 (Jeff Alan)
mortgage-crash-image
A housing panel consisting of economists and real estate experts, predicts that housing prices will likely continue to slide for two more years with a tentative projection of a weak recovery beginning in 2013. Nearly half of the 111 economists polled by MacroMarkets, co-founded by industry expert Robert Shiller, believe the housing market will see a double-dip in housing prices sometime this year.

Overall, the panel predicts that home prices will likely decline another 1.4 percent this year. In 2012, the panel believes that most of the losses experienced this year would be made back with prices finally rising above current levels starting in 2013, with a foreseen gain of only 2.7 percent. Even by 2015, the panel predicts that there will be a gain of less than 10 percent over current prices.

In a similar survey back in December, only 15 percent of the panelists surveyed projected the possibility of a new post-crash low, compared to 50 percent today.

Terry Loebs, MacroMarkets managing director, said, “In December, only 15 percent of our panelists were projecting that a new post-crash low would materialize for national home prices. Now, just three months later, almost 50 percent foresee a double-dip happening this year, and not a single panelist expects national home prices to recover to the pre-bubble trend in the coming five years.”

Shiller attributes the panel’s dismal outlook on high unemployment, market oversupply, the continuing foreclosure crisis, and constrained mortgage credit.

Loeb notes in the monthly Home Price Expectations Survey that home price levels are already nearing the panels predictions as home prices at the national level are now less than 1 percent away from establishing a new post-crash low.

Loeb described the latest survey results as “the most pessimistic collected to date.”

Tags: housing panel, economists, real estate experts, housing prices, Robert Shiller, double-dip, home price decline, high unemployment, foreclosure crisis, oversupply

Sources:
DSnews
MortgageLoan
Distractable.com (Image)

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