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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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Housing Scorecard Shows Progress
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 Scorecard Shows Progress
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 Scorecard Shows Progress

The overall housing market remained mostly unchanged from October to November according to the December release of the Obama Administration’s Housing Scorecard but continued to be much improved from a year ago.

Mortgage delinquency rates on prime, sub-prime and FHA mortgages were all higher in November with the delinquency rate of prime mortgages that were at least 30 days or more delinquent at 3.3 percent in November compared to 3.2 percent in October. In November of last year, the delinquency rate was 4.0 percent.

Performance of sub-prime mortgages also worsened in November as the percentage of delinquent loans climbed to 31.9 percent from 31.0 percent in October and was up from 30.4 percent posted a year earlier.

Delinquency rates of mortgages insured by the Federal Housing Administration (FHA) were also higher, rising to 11.5 percent in November from 11.1 percent in October. The delinquency rate on FHA loans a year earlier was 11.5 percent.

Seriously delinquent mortgages, those that are 90 days or more past due, improved in two of the three categories with the number of prime mortgages in trouble declining to 779,000 loans in November, down from 801,000 in October and down from 1.181 million a year earlier.

Sub-prime mortgages that were seriously delinquent numbered 1.140 million in November, up from 1.131 million in October. In November of last year, 1.555 million sub-prime mortgages were seriously delinquent.

Loans insured by the FHA that were seriously delinquent moved lower to 627,000 in November, down from 629,000 in October, and were 14.7 percent lower than the 735,000 delinquent loans in November 2012.

Loan originations for home purchases in the third quarter of 2013 fell by 1.9 percent from the second quarter but were still 9.9 percent higher than at the same time last year while refinance originations were down 46.5 percent from the second to the third quarter and were down 46.1 percent from the third quarter of last year.

FHA refinance loan originations were down 24.3 percent from October to November and were down 77.1 percent from a year earlier while FHA purchase loan originations were down 9.1 percent between October and November and were down 16.3 percent from a year ago.

Home prices were improved compared to a year ago with all three of the indices used in the Housing Scorecard, Core-Logic, FHFA and the Case-Shiller Indices, posting pricing gains from the previous year, but showed little improvement from month-to-month.

Sales of new homes fell a seasonally adjusted 2.7 percent from October to November while sales of existing homes declined by 4.3 percent between the two months.

Distressed property sales accounted for 17 percent of all re-sales in October, unchanged from September, but were down from 23 percent the previous year.

The inventory of existing homes listed for sell declined by 0.9 percent with the number of months supply increasing to 5.1 months in November from a 4.9 months supply in October. The supply of new homes for sale declined from 4.5 months at the end of the October to 4.3 months by the end of November.

Foreclosure activity was improved in November with foreclosure starts declining 10.2 percent and foreclosure sales falling by 19.3 percent. Compared to a year ago, foreclosure starts were down 31.9 percent while sales were down by 48.4 percent.

The estimated number of homeowners whose homes are worth less than what they owed declined to 6.4 million at the end of the third quarter of 2013 from 7.2 million at the end of the second quarter.

Tags: December Housing Scorecard, Obama Administration, loan modifications, mortgage delinquencies, trial modifications, prime mortgages, sub-prime mortgages, FHA

Source:
HUD

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

The overall housing market remained mostly unchanged from October to November according to the December release of the Obama Administration’s Housing Scorecard but continued to be much improved from a year ago.

Mortgage delinquency rates on prime, sub-prime and FHA mortgages were all higher in November with the delinquency rate of prime mortgages that were at least 30 days or more delinquent at 3.3 percent in November compared to 3.2 percent in October. In November of last year, the delinquency rate was 4.0 percent.

Performance of sub-prime mortgages also worsened in November as the percentage of delinquent loans climbed to 31.9 percent from 31.0 percent in October and was up from 30.4 percent posted a year earlier.

Delinquency rates of mortgages insured by the Federal Housing Administration (FHA) were also higher, rising to 11.5 percent in November from 11.1 percent in October. The delinquency rate on FHA loans a year earlier was 11.5 percent.

Seriously delinquent mortgages, those that are 90 days or more past due, improved in two of the three categories with the number of prime mortgages in trouble declining to 779,000 loans in November, down from 801,000 in October and down from 1.181 million a year earlier.

Sub-prime mortgages that were seriously delinquent numbered 1.140 million in November, up from 1.131 million in October. In November of last year, 1.555 million sub-prime mortgages were seriously delinquent.

Loans insured by the FHA that were seriously delinquent moved lower to 627,000 in November, down from 629,000 in October, and were 14.7 percent lower than the 735,000 delinquent loans in November 2012.

Loan originations for home purchases in the third quarter of 2013 fell by 1.9 percent from the second quarter but were still 9.9 percent higher than at the same time last year while refinance originations were down 46.5 percent from the second to the third quarter and were down 46.1 percent from the third quarter of last year.

FHA refinance loan originations were down 24.3 percent from October to November and were down 77.1 percent from a year earlier while FHA purchase loan originations were down 9.1 percent between October and November and were down 16.3 percent from a year ago.

Home prices were improved compared to a year ago with all three of the indices used in the Housing Scorecard, Core-Logic, FHFA and the Case-Shiller Indices, posting pricing gains from the previous year, but showed little improvement from month-to-month.

Sales of new homes fell a seasonally adjusted 2.7 percent from October to November while sales of existing homes declined by 4.3 percent between the two months.

Distressed property sales accounted for 17 percent of all re-sales in October, unchanged from September, but were down from 23 percent the previous year.

The inventory of existing homes listed for sell declined by 0.9 percent with the number of months supply increasing to 5.1 months in November from a 4.9 months supply in October. The supply of new homes for sale declined from 4.5 months at the end of the October to 4.3 months by the end of November.

Foreclosure activity was improved in November with foreclosure starts declining 10.2 percent and foreclosure sales falling by 19.3 percent. Compared to a year ago, foreclosure starts were down 31.9 percent while sales were down by 48.4 percent.

The estimated number of homeowners whose homes are worth less than what they owed declined to 6.4 million at the end of the third quarter of 2013 from 7.2 million at the end of the second quarter.

Tags: December Housing Scorecard, Obama Administration, loan modifications, mortgage delinquencies, trial modifications, prime mortgages, sub-prime mortgages, FHA

Source:
HUD

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

The overall housing market remained mostly unchanged from October to November according to the December release of the Obama Administration’s Housing Scorecard but continued to be much improved from a year ago.

Mortgage delinquency rates on prime, sub-prime and FHA mortgages were all higher in November with the delinquency rate of prime mortgages that were at least 30 days or more delinquent at 3.3 percent in November compared to 3.2 percent in October. In November of last year, the delinquency rate was 4.0 percent.

Performance of sub-prime mortgages also worsened in November as the percentage of delinquent loans climbed to 31.9 percent from 31.0 percent in October and was up from 30.4 percent posted a year earlier.

Delinquency rates of mortgages insured by the Federal Housing Administration (FHA) were also higher, rising to 11.5 percent in November from 11.1 percent in October. The delinquency rate on FHA loans a year earlier was 11.5 percent.

Seriously delinquent mortgages, those that are 90 days or more past due, improved in two of the three categories with the number of prime mortgages in trouble declining to 779,000 loans in November, down from 801,000 in October and down from 1.181 million a year earlier.

Sub-prime mortgages that were seriously delinquent numbered 1.140 million in November, up from 1.131 million in October. In November of last year, 1.555 million sub-prime mortgages were seriously delinquent.

Loans insured by the FHA that were seriously delinquent moved lower to 627,000 in November, down from 629,000 in October, and were 14.7 percent lower than the 735,000 delinquent loans in November 2012.

Loan originations for home purchases in the third quarter of 2013 fell by 1.9 percent from the second quarter but were still 9.9 percent higher than at the same time last year while refinance originations were down 46.5 percent from the second to the third quarter and were down 46.1 percent from the third quarter of last year.

FHA refinance loan originations were down 24.3 percent from October to November and were down 77.1 percent from a year earlier while FHA purchase loan originations were down 9.1 percent between October and November and were down 16.3 percent from a year ago.

Home prices were improved compared to a year ago with all three of the indices used in the Housing Scorecard, Core-Logic, FHFA and the Case-Shiller Indices, posting pricing gains from the previous year, but showed little improvement from month-to-month.

Sales of new homes fell a seasonally adjusted 2.7 percent from October to November while sales of existing homes declined by 4.3 percent between the two months.

Distressed property sales accounted for 17 percent of all re-sales in October, unchanged from September, but were down from 23 percent the previous year.

The inventory of existing homes listed for sell declined by 0.9 percent with the number of months supply increasing to 5.1 months in November from a 4.9 months supply in October. The supply of new homes for sale declined from 4.5 months at the end of the October to 4.3 months by the end of November.

Foreclosure activity was improved in November with foreclosure starts declining 10.2 percent and foreclosure sales falling by 19.3 percent. Compared to a year ago, foreclosure starts were down 31.9 percent while sales were down by 48.4 percent.

The estimated number of homeowners whose homes are worth less than what they owed declined to 6.4 million at the end of the third quarter of 2013 from 7.2 million at the end of the second quarter.

Tags: December Housing Scorecard, Obama Administration, loan modifications, mortgage delinquencies, trial modifications, prime mortgages, sub-prime mortgages, FHA

Source:
HUD

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